A Selloff in AI Firms Triggers S&P's Fall
Tuesday saw a significant decline in US stocks as wall street chief executives issued warnings about an impending market correction. Earnings from Palantir technologies also set off a selloff among AI names on valuation concerns. Separately, a regulatory filing revealed Michael Burry's bets against tech giants Nvidia and Palantir. Burry became famous for shorting the US housing market before the collapse in the 2008 financial crisis.
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