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Dow closes more than 350 points higher as software stocks bounce back from AI disruption sell-off: Live updates CNBCStock market today: Dow, S&P 500, Nasdaq jump as software leads AI relief rally ahead of Nvidia earnings Yahoo FinanceUS stocks rebound after getting a reminder of AI's potential upsides Associated Press NewsInvestors seek shelter from AI rout in asset-heavy stocks Financial Times
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Amid high AI valuations and fears of software displacement, a blog post from Citrini Research ignited a selloff as investors tried to front-run the exit
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JPMorgan, the world's biggest bank by market cap, has the industry's largest annual tech budget at nearly $20 billion, and it has outlined an ambitious AI plan.
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Consumer staples, long seen as a safety play when tech stocks sell off, are now among the riskier bets on Wall Street.
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Investors have pulled roughly $4.3 billion out of spot bitcoin ETFs in the past five weeks, according to Dow Jones Market Data.
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