Tech Sector Leads Market Decline as AI Valuations Face Scrutiny

Technology sectors drove Thursday's market weakness with XLK down 1.8% and Nasdaq falling 1.2%, while Nvidia dropped 5-6% in after-hours trading despite solid earnings. This divergence from financials (+1.3%) and retail investor sentiment turning more bearish (39.8% bears vs 33.2% bulls) signals growing skepticism about AI valuations after months of euphoria.