Markets Dive as AI Concerns Persist. Gold, Cryptos Sell Off Amid Fed Fears.

Core Viewpoint - Markets are experiencing a downturn due to persistent concerns regarding the artificial intelligence sector, compounded by fears surrounding the Federal Reserve's leadership change and upcoming earnings reports from major technology companies [1] Market Performance - In premarket trading, Dow futures fell by 141 points, or 0.3%, S&P 500 futures decreased by 0.6%, and Nasdaq 100 futures dropped by 0.9% [1] - The selloff in gold, silver, and cryptocurrencies is contributing to the downward trend in stock futures [1] Investor Sentiment - Investor anxiety is heightened by the belief that the excitement surrounding AI may be outpacing fundamental market conditions [1] - Microsoft's disappointing earnings report has further fueled concerns, alongside negative sentiment towards Nvidia after CEO Jensen Huang expressed uncertainty about a $100 billion investment in OpenAI [1]