The market takes a break as AI stocks take a breather

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Market

“AI is not so much a bubble as an opportunity, said JPMorgan’s Mary Callahan, CEO of the Asset Management unit. She then said

'How do you go bankrupt?' It happens like very, very slowly, and then all of a sudden, and I think that's exactly what's going to happen AI."😊 😋

A huge down day for all indices as markets got hit on all fronts

Now that most of the big earnings are done, the market only has the December rate cuts to look forward to. The AI stocks including $NVDA ( ▼ 0.7% ) and $AVGO ( ▲ 1.92% ) were off their highs with ~4% losses as other companies with AI moves including $ORCL ( ▲ 0.52% ) and $AMAT ( ▼ 0.01% ) also took a ~4% hit.

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