(Bloomberg) -- Wall Street traders gearing up for SpaceX’s historic debut sent stocks higher ahead of what’s expected to be a major test of investor appetite for artificial intelligence-related companies.

By Isabel Wang and Joy Wiltermuth

Retail investors are selling AI and semiconductor stocks to buy SpaceX shares ahead of a potential $75 billion IPO targeting a $2 trillion valuation.

SpaceX stock debut is anticipated to be a blockbuster event. Shadow markets suggest a significant price jump of over 35%. This strong debut could set a precedent for future…