Why did IBM, ORCL, SMR stocks drop to 52-week lows today?

IBM, Oracle, and NuScale Power stocks hit 52-week lows due to investor skepticism over AI investment returns. IBM fell after Argus cut its price target, citing underestimated component cost impacts. Oracle dropped amid concerns over heavy cloud spending, negative free cash flow, and a credit rating downgrade. NuScale declined as investors questioned long development timelines for small modular reactors. The trend reflects a market shift prioritizing cash flow and execution over long-term growth.

Investors debate whether heavy spending on AI infrastructure will deliver profits fast enough to justify the rising costs.