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Coming up, Google agrees to create an AI cloud business with Blackstone,

which will run on Google's homegrown AI chips.

Plus, the legal battle between Elon Musk and his Open AI co-founders ends with the jury ruling Musk waited too long to sue. We'll dive into the details of the verdict.

A meta bets big on Louisiana for the world's biggest AI facility.

This is it plans AI-related layoffs this week.

AI-related layoffs, a theme for the market.

But AI lack of exuberance pounding the market once again.

With actually yields pushing higher, we're still focused on geopolitics, said,

but we're looking at a third straight day of losses on the NASDAQ 100. We're off by about a percentage point. We're off by about 3% in those three training days, as we just get a little bit of worry that we went too far, too fast on the hardware side of things. I shine a light on the semiconductor index. The socks is currently off by 2%. In fact, we're down by 8, 9%. Look, we're on the cusp of some sort of,

well, recalibration of where we've been in this run-up. Yes, it was about 70% from the end of March, but now are we on the verge of a correction? We're down almost 8 or 9% as I say, but a rotation. Some money moving into the software stocks. We've got key earnings coming from software and hardware over the next few days.

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