That bell marks the end of regulation, Equable shares, ringing the closing down the New York Stock Exchange,

Sona Therapeutics doing the honors at the NASDAQ and small losses for the Dow and S&P 500.

The NASDAQ down about half a percent. Russell 2000, the worst of the bunch, the biggest drags on the NASDAQ.

Once again, Broadcom and Oracle. Look at those one-week losses.

Broadcom was nearly $2 trillion in market cap heading into earnings and lost about $300 billion in market value. We're going to have more on those names coming up. What is working? Well, three Dow components and one former Dow component, all hitting all-time highs. They're in four very different industries. Walmart, Johnson & Johnson, JPMorgan, and General Motors.

GM's high dates back to 2008. Meanwhile, oil's lower today. That's hurting energy stocks,

silver higher once again, and Bitcoin down to just about 85,000. Well, that's the scorecard on Wall Street.

Welcome to Closing Bell overtime. I'm Morgan Brennan, along with John Fort.

And we have a busy hour coming up, really busy. We're going to talk to David Sacks. The White House's crypto and AIs are. The President issuing an executive order aiming to have one set of federal rules for AI. Some states are not happy about that, though.

And service now, the worst performing stock in the S&P 500 on deal rumors and an analyst downgrade. CEO Bill McDermott's going to join us. Well, let's start with the markets. As all the major averages closed in the red, as those AI trade worries persist. Christina Ports and Avalis is at the NASAC with more. Hi, Christina. Hi, Morgan. Well, key stocks, like you just mentioned, in the AI trade, continued to face

pressure. You had Oracle that was the focal point, again, closing lower for a third straight day

and higher than usual volume, has really the debate over its AI cloud investment just rages on

other stocks tied to AI data center spending, including CoreWeave, Nebius, you can see closing

both 7% lower today.

Broadcom extended its post-earning slide, closing about 5.5% lower. The stock really took a hit

on reports that Google has doubled its custom chip order with competitor MediaTech for

26, this according to Econ Daily. Some are reading that as a win for Media Tech at Broadcom's

expense.

But Jeffreys says AI is, quote, still in fashion in and out today. The firm named Broadcom

a top pick saying custom chip adoption is still in the early stages. They also upgraded KLA to

buy betting lower interest rates will help analog and chip equipment firms. That's why KLA closed

higher today.

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