Wall Street AI rally faces pressure ahead of Meta, Tesla and major chipmakers’ earnings reports

Wall Street’s AI rally is facing a big test as investors wait for quarterly earnings reports from major technology companies, including Meta Platforms and Tesla. Recent falls in AI stocks have raised doubts about whether the stock market rally can continue.

AI stocks have fallen in recent days. Shares of chipmakers and technology hardware companies, including Dell Technologies, have also dropped sharply. These stocks have helped drive the growth of the US stock market over the past four years.