Wall Street Is Falling Out of Love With the AI Trade — Here's Why - State Street SPDR S&P 500 ETF Trust (

Wall Street Is Falling Out of Love With the AI Trade — Here's Why - State Street SPDR S&P 500 ETF Trust (

Investors exit AI trades demanding margin proof; semiconductor index fell 24% since June despite AWS/Azure sustaining 37-42% growth. Valuations compress—NVIDIA trades 20x forward despite 80%+ revenue—as markets reward sustainable profitability over capex spending narratives.