US Markets Wrap: AI Stocks Stumble - Is the Bull Run Losing Steam?

Markets took a sharp turn lower on Tuesday, with AI heavyweights such as Palantir and Nvidia dragging the broader indices down. The S&P 500 slipped 1.2%, the Nasdaq tumbled 2%, and even gold and crypto were not spared in the risk-off move. With investors increasingly worried about stretched valuations in market leaders and headlines of Michael Burry shorting Nvidia, are we seeing the first cracks in the bull market’s AI-led momentum? Chris Weston, Head of Research at Pepperstone, joins us to unpack what’s driving the derisking, how far the pullback could go, and where investors might find resilience amid the volatility.See omnystudio.com/listener for privacy information.