(Bloomberg) -- Stocks tumbled after a disappointing start of the megacap earnings season fueled speculation the artificial-intelligence frenzy that has powered the bull market still needs to pay off.Most Read from BloombergWhat Initial Polling Data Show About the Trump-Harris MatchupHarris Just Showed Why Trump Is So Afraid of HerI Changed My Mind. The Fed Needs to Cut Rates Now.Tesla Slumps as Musk Tethers Its Future to Delayed RobotaxisSingapore Has World’s Most Powerful Passport After Unseati
No stocks go up forever, and that includes hot AI names.
Tesla reported mixed second quarter results after the bell on Tuesday, though the EV maker did say it was on track for production of new vehicles, likely a cheaper EV, in the first half of 2025.
