[MARKET UPDATE] US equity futures slip ahead of the close, weighed by Bloomberg reports that Oracle and OpenAI end plans to expand data centre site; semiconductor/AI names hit

The reported decision by Oracle and OpenAI to halt their plans for expanding a data center site signals hesitation among key players in the semiconductor and AI sectors. This news likely dampens sentiment not only for those directly involved but also for broader US equity markets, particularly highlighting vulnerabilities in tech names like Microsoft and Oracle as investors reassess growth prospects in these critical industries.