Stocks
Nvidia Tumbles Amid US-Iran Conflict Escalation
The US-Iran conflict is escalating as US forces conducted defensive strikes on Iranian missile launch sites and boats, sending Brent crude soaring through Asian trade before a temporary retreat below $100 a barrel.
Market sentiment remains cautious after the AI-driven rally, with retail sentiment toward SPY and QQQ moderating to 'bullish' from 'extremely bullish' last week, according to data from Stocktwits.
Nvidia's current hyperscaler demand is only temporary, warned 'The Big Short' investor Michael Burry, who has also criticized the AI boom over the weekend.