The S&P 500 and Nasdaq reversed morning gains to hit session lows as Micron fell 13% and Bitcoin dropped to its lowest since October 2024.

U.S. stocks mixed, S&P 500 down due to tech losses. SpaceX falls 16%, Micron Tech gains 7%. Dow up 148 pts, S&P down 0.37%, Nasdaq down 1.32%.

Nasdaq drops 4.2% as Big Tech giants shed $1.1 trillion in market value. Bitcoin falls below $60K amid AI valuation concerns and rising rate expectations.

On Monday, AI leaders powered higher. Not this morning.