AI-Driven Rally Leads to Market Caution: SentinelOne, Confluent, Amplitude, Upland Software, Samsara Stocks Trade Down

Several high-growth tech stocks, including SentinelOne, Confluent, Amplitude, Upland Software, and Samsara, have traded down amid market caution over high valuations following a significant AI-driven rally. The Nasdaq fell 1.4% as investors engaged in profit-taking, concerned about stretched valuations. Goldman Sachs and Morgan Stanley leaders highlighted the possibility of a correction in the equity markets over the next couple of years.