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The U.S. stock market is tumbling toward its worst day in a month. The S&P 500 sank 1.5% Thursday and pulled further from its all-time high set late last month. The Dow Jones Industrial Average fell 621 points from its own record set the day before,
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History Says the Nasdaq Will Soar in 2026: 2 AI Stocks to Buy Now, According to Wall Street
That hints at substantial gains in 2026 and investors can lean into that possibility by buying shares of Meta Platforms ( META +0.14%) and Alphabet ( GOOGL 2.94%) ( GOOG 2.89%). Wall Street is generally bullish on both stocks:
Questions have been rising about whether such AI superstar stocks can add more to their already spectacular gains.
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JPMorgan Says Michael Burry Is Dead Wrong About AI
Michael Burry first grabbed headlines for his bold short against the U.S. housing market in the mid-2000s, predicting its collapse and profiting massively when the subprime mortgage crisis hit in 2008.
A rough week for tech stocks might signal a loss of investor confidence in artificial intelligence. The Wall Street Journal reports that the Nasdaq Composite Index was down 3% — making this its worst week since President Donald Trump announced his sweeping tariff plan in April.
The current bull market has been driven by huge artificial intelligence (AI) stocks like Nvidia and Palantir Technologies. But even though the S&P 500 is up 16% year to date, and the tech-heavy Nasdaq 100 is up 22%, not all stocks are uniformly loved on Wall Street.
Wall Street ended sharply higher on Monday, led by big gains in Nvidia, Palantir and other heavyweight AI-related companies following progress in Washington to end a record government shutdown.
Gene Munster thinks Wall Street isn't factoring in a few key developments as analysts prepare for the chip giant's Q3 earnings report on November 19.
The U.S. stock market tumbled on Thursday to one of its worst days since its springtime sell-off, as Nvidia and other AI superstar stocks kept dropping on worries their prices shot too high. Also hurting the market were questions about whether coming cuts to interest rates that Wall Street has been banking on will actually happen.