Shares of major AI-linked companies, including Alphabet, Microsoft, Meta Platforms, and Oracle Corporation, declined ahead of the expected SpaceX IPO, contributing to weakness in the broader S&P 500. Market observers estimate more than $200 billion in combined market value was erased from the four companies during the session. Some traders suggest capital may be rotating from popular AI stocks toward the highly anticipated IPO, though a direct link has not been confirmed. Investors will watch SpaceX’s market debut to see whether it drives broader shifts in market liquidity and positioning.
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