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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.

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