AI stocks sell-off and the 'stealth bear market'
AI stocks fell over 13% in October while the S&P 500 ex-AI hit a record, and equal-weight outperformed by the most since 2009. Sentiment on AI names is split, with Cramer warning of more volatility.
What we know
An account on X says the Nasdaq 100 lost $4T in 25 days. Another account on X relays Cramer's warning about next week and anti-data-center politicians, while another account on X relays a dip-buying case. Another account on X flags Wednesday's Treasury QRA as a liquidity risk. Another account on X captures consumer backlash over Altman's RAM comments.
By the Global Eye 24 desk, with AI assistance. Updated as the story develops. Spot an error? Write to corrections@globaleye24.com.