AI-driven rally causes market caution, leading to stock drops in Vishay Precision, Stratasys, Gates Industrial Corporation, Rivian, and Tecnoglass.

Several stocks, including Vishay Precision, Stratasys, Gates Industrial Corporation, Rivian, and Tecnoglass, fell in the morning session after a significant AI-driven rally led to high valuations. Investors engaged in profit-taking, concerned about stretched valuations. The Nasdaq fell approximately 1.4%, and Palantir Technologies shares dropped around 7% despite reporting record quarterly results. Leadership at Goldman Sachs and Morgan Stanley highlighted the possibility of a correction in the equity markets over the next couple of years.