and market is recovering
bears failed again
AI stocks are getting dumped ahead of the SpaceX IPO tomorrow.
Google, Microsoft, Meta and Oracle are dragging the entire S&P 500 lower today.
Over $200 BILLION has already been wiped out from just these 4 stocks alone.
NASDAQ is still up over 1%. But SPX is barely green.
Looks like money is rotating out of crowded AI trades and into the biggest IPO FOMO event Wall Street has seen in years.