Truist downgrades Nike to Sell, says rally ignores ongoing risks

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• Gathering AI storm clouds doom tech stocks to darkest day in a year

  Democratic midterm election victories triggered fresh political uncertainty around artificial intelligence infrastructure expansion, leaving the Nasdaq 100 facing more than $2 trillion in market-value losses. Heightened regulatory concerns compounded existing market anxieties regarding elevated interest rates and questionable returns on heavy capital spending. Consequently, the rout battered hardware manufacturers, specialized cloud providers, and utility operators tied to power-intensive server facilities.

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• As Nvidia’s stock heads for a bear market, bargain hunters see a golden buying opportunity

  Investors tracking the semiconductor sector are closely monitoring the current downward trajectory of the chipmaker's shares. A sustained retreat from recent highs threatens to push the valuation into bear market territory. Market participants must assess whether this decline represents an entry point or further exposure to risk.

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• Wall Street fear gauge jumps most since ’Liberation Day’ as AI trade stumbles

  Investors are facing renewed market turbulence as tech-driven momentum shows signs of faltering. A sharp spike in the primary volatility index reflects mounting unease across trading desks, driven primarily by setbacks in the artificial intelligence sector. This sudden repricing of risk marks a significant turning point after an extended period of relative calm.

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