Nvidia's recent $4 trillion valuation takes a hit as Palantir slides nearly 10%. An MIT report reveals that most companies in generative AI see no returns, raising concerns about an AI bubble similar to the dotcom crash.
Wall Street is in turmoil over Zohran Mamdani's victory in the NYC mayoral primary. Investors fear tax hikes and stricter regulations, leading to potential exodus from the city. High-profile financiers express alarm at the implications for New York's economy.
