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Updated · Bloomberg · Jun 5AI Trade Slides Again, Putting S&P 500’s 3-Day Streak at Risk
3 articles · Updated · Bloomberg · Jun 5Summary
- US AI-linked stocks fell again Friday, extending the trade’s latest pullback and threatening the S&P 500’s three-session winning streak.
- Investor selling in technology shares drove the move, signaling a broader retreat from the market’s dominant AI winners.
- The weakness comes as traders also watch Apple’s upcoming AI push and intensifying retail interest in private-market names such as SpaceX.
- The slide suggests leadership in US equities is becoming less secure after AI stocks helped power much of the market’s recent gains.
Insights
With a new CEO and rivals all-in on AI, can Apple's high-stakes reset prevent a major downfall? Is the AI sector's spending spree building the future or just inflating the next dot-com bubble? Can SpaceX's blockbuster IPO defy a wobbling market, or is its $1.8 trillion valuation detached from reality?