The AI-led rally has pushed the S&P 500's forward P/E above 23—its highest since 2000, according to FactSet.

The AI-led rally has pushed the S&P 500's forward P/E above 23—its highest since 2000, according to FactSet.

Shares of major tech companies have fallen in the US and Japan over fears about the valuations of firms linked to AI.

Wall Street expects tech stocks to take a hammering this morning—again.

Key artificial intelligence leaders lost steam on Thursday, weighing on the broader market.

Investors in Asia will look to trade data coming out of China later in the day.

Shares of Japan's SoftBank Group plunged, following a broader slump in AI-related stocks as investors once again grew wary of the sector's lofty valuations.

The recent slide among AI stocks has once again put fears of a tech bubble at the forefront of investors' minds.