Live from the NASDAQ market site in the heart of New York City's Times Square, this is fast money.

Here's what's on tap tonight.

A tech wreck weighing on the market, semi and software stocks both sinking today.

What it says about the state of the AI trade, and is this a sign of a true rotation in the market?

Plus, a fallout in the private credit companies.

Why concern over the software sector is taking a bite out of

names like Blue Owl and Ares, the investment thesis for these stocks right now. And Novo loses momentum

in a big way. Walmart hits a milestone and joins a very exclusive group and a strong foundation

for Linar, the potential plans that had the home builder jumping today. I'm Melissa Lee. Come to you live from Studio B at the Nazak on the desk tonight. Tim Seymour, Carter Worth, Steve Grasso, and Julie Beal. While stocks off, there are worst levels of the day. It was right across the board on Wall Street. The NASAC leading the losses down nearly a percent and a half as investors swerved out of tech and into safe havens. The AI trade in particular getting hit hard,

hyperscalers deep in the red today.

Invidia CEO Jensen Huang trying to allay concerns over his company's investment in OpenAI

during an interview with Jim Kramer this afternoon.

Take a listen.

No, there's no controversy at all.

It's complete nonsense.

We love working with Open AI. We are incredibly honored and delighted to be able to invest in their next round.

And so we're a privilege that they're inviting us to invest for each one of their rounds. We would love to be invited and we would consider, of course,

investing in it. This is one of the most consequential technology companies in history.

Those words, though, failing to stem the bleeding. Shares dropped nearly 3% for a second straight day.

Is today's action a sign of genuine investor fear for the future of the AI trade. Are we making too much of this? I just spoke to Jim Kramer in the last hour, and he was basically saying, Jensen tells me the truth. He's always told me the truth. So I don't know why we're making such a big deal. Look, I think everyone who's involved with NVIDIA and AI, and certainly those companies are very excited

about what they're doing and think they're changing the world. They may in fact be changing the world.

To what extent we've priced in euphoria across the entire space to a place where, especially in software,

...