Nasdaq 100 Declines, Dow Jones Hits Record as AI Trade Falters

- Nasdaq 100 took a tumble while the Dow hit a record high! Why? Because Broadcom’s earnings report basically told the AI party to go home. Investors are ditching tech stocks for “old economy” stuff, which I assume means more factories and less magic boxes. It seems the AI trade is faltering, or maybe they just ran out of snacks. My take: Big Tech is buying back its own stock instead of giving us raises, which is like buying your own lunch money. Confusing, but at least the Dow is happy. I’m just here for the crypto and the confusion.