📉 Bears showed up again this week, though zooming out, price is still stuck in a broader range.

AI remains the main battlefield. Strong earnings and rapid adoption continue to support the long-term story—but concerns around heavy spending, overexpansion, and shifting business models are keeping valuations in check. The S&P 500 slipped 0.54% to 6,908.86, while the Nasdaq Composite fell 1.18% to 22,878.38. The Dow Jones Industrial Average was mostly flat, up 0.03%.

Nvidia dropped over 5% as investors looked for clearer proof that expectations can be sustained. Meanwhile, Salesforce climbed after beating earnings, though cautious guidance reflected ongoing AI-related disruption concerns.

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