AI Stocks Fall as Fed Watch Intensifies

Market chaos this week as oil hits 2024 lows, airlines soar while tech tanks—driven by Micron’s earnings miss and Cerebras’ profit warning. OpenAI’s in-house chip plans add fuel to fears of tech debt and Fed rate hikes, wiping over a trillion from the Nasdaq. Meanwhile, homebuilders rally after housing bill setback, and Hertz braces for earnings disappointment amid stock offering. Traders now expect two Fed hikes by year-end—watch the upcoming PCE report for clues. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/80b9d4ebe918949d