AI Stock Selloff Weighs on S&P 500 as Investors Shift Focus to SpaceX IPO Buzz

TLDR: Mega-cap AI stocks declined sharply, placing pressure on the S&P 500 despite broader market resilience. Oracle posted an 11.54% drop, making it the weakest major technology stock on the heatmap. Nasdaq remained above 1% while the S&P 500 stayed barely positive during the trading session. Market participants discussed a possible shift from crowded AI [...]

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