AI Selloff Extends

its chance, of the story’s futures

−1.1%on the S&P 500, if it happens

The most likely near-term path is continued de-risking in AI-linked semiconductor names after Microsoft’s capex pullback reinforced doubts about data-center demand. Investors treat the SOX breakdown as confirmation that the AI infrastructure trade is still being repriced.

What it moves

Technology−1.9%
Industrials−0.3%
Market volatility▲ up
Riskier companies' borrowing costs▲ 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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