Some prominent investors who have successful track records of calling other market declines have become vocal critics of the AI boom. Michael Burry and Jim Chanos are both shorting Nvidia stock, meaning they will make money if the price goes down further.

The Dow rose 0.2% in premarket trading, as S&P 500 futures climbed 0.4%. Futures on the tech-heavy Nasdaq 100 moved up 0.5%. The 10-year Treasury yield ticked higher to 4.18%. Oil prices rose to around $56.25 a barrel. Bitcoin edged down just below $87,000.

More drops for AI stocks dragged the U.S. market lower, pulling Wall Street to its fourth straight loss and its worst in nearly a month. The S&P 500 fell 1.2% Wednesday.

Critics argue that formalizing nearly nonstop trading could worsen some of the very problems that plague the structure of equity markets today.

In the apparel-clothing stocks group, Gildan Activewear GIL also broke out of a cup base with a buy point of 62.56 before retreating. The blue dot on its chart on IBD MarketSurge shows that its relative strength line is at a new high. Shares were up nearly 4% in recent action.

The U.S. stock market is drifting following mixed data on the economy’s strength. The S&P 500 was virtually unchanged Tuesday and remains a bit below its all-time high set last week.

On April 2, the president unveiled his touted tariff and trade policy. It featured a sweeping 10% global tariff, along with higher "reciprocal tariffs" on dozens of countries that were deemed to have adverse trade imbalances with America.

Quick Read Micron Technology (MU) reports fiscal Q1 earnings today with analysts expecting $12.9B revenue (up 48% year-over-year) and $3.94 EPS. Micron shares surged 176% in 2025. Micron sold out HBM capacity for 2025 and most of 2026 as AI accelerator demand drives premium pricing and