Market strategist Andrew Freris warns Wall Street's rally is built on shaky ground, citing weak earnings and excessive AI enthusiasm. He advises caution on US equities, favoring select Asian markets like Japan, Singapore, Taiwan, and South Korea. Freris believes a US market correction is inevitable and could trigger a global sell-off, urging retail investors to avoid chasing AI-driven momentum.

Jefferies warns that China's affordable AI models could disrupt US tech giants, impacting investor confidence and slowing revenue growth.

Recent swings in major tech stocks are bringing back fears of an artificial intelligence bubble, and some experts cautioned that if it pops, the fallout...