BEFORE THE BELL: EUROPE RESILIENT, AI PLAYS TREMBLE
Oracle 
ORCL forecasts missing Wall Street estimates cast a cloud on the AI rally, but while that put a dampener on Wednesday’s post-Fed rally on Wall Street, the fallout appeared to be mostly confined to U.S. Big Tech and the AI space.
AI-related stocks were the largegest losers in Tokyo, though losses were modest across broader European futures on Thursday. Contracts on the region-wide EuroSTOXX50 
STOXX50 index and London’s FTSE CURRENCYCOM:UK100 down just around 0.1%.
Shares in the U.S. cloud computing group slumped 12% in early Frankfurt trading and Nasdaq futures tumbled over 1%. AI darling Nvidia 
NVDA fell more than 2% in early Frankfurt.
German software group SAP 
SAP, however, which tconcludes to track short term swings in its U.S. rival, was down just 0.5%.
Corporate news in Europe was thin. Italian luxury group Brunello Cucinelli 
BC, hit earlier this year by a short seller attack, raised its sales forecast, reassuring investors.
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