All right, welcome to closing bell. I'm Scott Wobner, live from Post 9 here at the New York Stock Exchange.

This maker break hour begins with the wreck in tech today and whether it is time to prepare for a bigger pullback in the AI trade.

We'll ask our experts over this final stretch with the NASDAQ under the biggest amount of pressure today.

There it is, down one and a half percent as you check out the scorecard with

60 to go in regulation, sharp declines and many AI-related stocks. That is the story. AMD,

and VD, and Vodka, Broadcom, they are all lower, and so is Meta having its worst two-day drop

now since April. The company announcing its fourth AI overhaul in just the last six months.

GE-Bernova, another big winner, not today, seeing its worst day since the lows.

Look at that, down near 4%.

Home Depot, though, is in the green, maintaining its outlook.

Shares are higher, helping the Dow, which did hit a new record high earlier today.

It does take us to our talk of the tape.

Losing leadership. As some now suggests, the tech trade could be in trouble.

Let's welcome in Adam Parker, founder and CEO of Trivariate Research, RBC Capital Markets, Lori Calvesena, and in BESCO's Brian Levitt.

Adam's a C&BC contributor. One and all, it is great to have you. Adam, you first.

The story today is rotation. Tech, growth, momentum, all of it under pressure. And lately,

it has been the equal weight outperforming the cues, outperforming the S&P. Are we on onto something here? Is this the start of something bigger?

No. No, I mean, it's been tens on your time horizon. If you're saying there's a couple

week trade here, maybe. But when I think about what grows above GDP, it's hard for me to think that investment in AI, in AI infrastructure,

and AI and compute in semis and the like are over.

But, you know, you can get breaks.

I think if I'm worried about anything tactically,

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