Rotation Hits AI Stocks: Palantir, Oracle Lead S&P 500 Declines

A rotation is underway in US equities, with the weakest-performing companies on the S&P 500 concentrated in the AI space. According to the Telegram post, Palantir has fallen 18% and Oracle has declined 16%, making them the biggest laggards.

The shift suggests capital is moving away from AI-linked names that had previously led the market higher. The broader S&P 500 rally is described as hand-to-mouth, indicating fragility beneath the surface.