Valuation Reset Deepens

its chance, of the story’s futures

−1.6%on the S&P 500, if it happens

The selloff continues as investors reassess the speed and profitability of AI infrastructure spending. The pressure remains concentrated in semiconductors and AI-linked hardware, though risk appetite weakens across growth equities.

What it moves

Technology−2.9%
Finance−0.5%
Riskier companies' borrowing costs▲ up
Market volatility▲ up

Sectors in percent; other series by direction only.

Each figure is the modeled move of the S&P 500 if the outcome occurs. For information only. Not investment advice.

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