Cryptocurrencies

Wall Street Thrill Ride Derailed as Doubts Seize AI, Crypto Bets

Traders on the floor of the American Stock Exchange at the NYSE in New York on Nov. 5.
Photographer: Michael Nagle/Bloomberg

Provide news feedback or report an error

Confidential tip?

Send a tip to our reporters

Site feedback:

Take our Survey

By Vildana Hajric and Isabelle Lee

November 7, 2025 at 9:28 PM UTC

The stock market didn’t crash this week. But after a seven-month spasm of retail-borne speculation, parts of the casino started clearing out.

Cracks emerged across the risk-on landscape as bloated valuations and fresh doubts over the real-world payoff of artificial intelligence dragged US tech stocks to their worst week since April. Losses in megacaps like Palantir Technologies Inc. and Oracle Corp. rippled through leveraged ETF and meme trades.