Stock Market Volatility: Xerox, Magnite, Pitney Bowes, and PAR Technology Shares Plummet Amidst AI-Driven Rally Concerns.

Several stocks, including Xerox, Magnite, Pitney Bowes, and PAR Technology, plummeted due to investor caution about high valuations following an AI-driven rally. The Nasdaq fell 1.4%, with Palantir Technologies shares dropping 7% despite reporting record quarterly results. Leaders at Goldman Sachs and Morgan Stanley predicted a correction in the equity markets over the next couple of years.