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The Scion founder is betting against Nvidia, Palantir, and other beneficiaries of the AI boom—and says the record-setting rally is creating leverage that could make the next selloff more violent.
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Dow closes at record on Mideast optimism; SpaceX, AMD drag Nasdaq ReutersS&P 500 is flat as 4-day rally loses momentum; Dow boosted by Nvidia: Live updates: Live updates CNBCDow rallies to another record, but S&P 500 and Nasdaq close in the red MarketWatchStocks hover near record highs and oil prices
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Booming corporate profits are driving the S&P 500 near another record, dampening concerns about the war, inflation and more.
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S&P 500 heads for 25th record close of 2026, after a 42-day break.
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Carvana said Wednesday it expects earnings of between $2.7 billion and $3 billion this year after reporting record quarterly results for the second quarter.
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