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Market rotation warns of AI stock risks as value stocks surge
Wall Street sees its strongest value‑stock outperformance since 2001, sparking concerns that AI‑heavy growth stocks may face a correction similar to the early‑2000s dot‑com bust. Amazon missed earnings expectations, Intel beat earnings but saw after‑hours sell‑off, and ServiceNow experienced a historic decline despite a double earnings beat. Apple is slated to report earnings after market close on Monday. Recent macro data show U.S. Q3 GDP growth at 3.4% and expectations of a December Fed rate hike. Top gainers include Merck, Eli Lilly and Mastercard; laggards feature Alphabet, Caterpillar and Fortinet. Kalshi’s hedging platform for small businesses is highlighted.