Markets experienced a heavier sell-off today, after starting the session at the opening bell flat-to-up.

The e-commerce and cloud computing giant appointed Peter DeSantis, a 27-year AWS veteran, to lead a newly unified organization spanning AI model development, custom chip design, and quantum computing research.

CoreWeave shares have collapsed with valuation estimates now at roughly one-third of their June levels highlighting how quickly AI infrastructure hype can unwind as investor sentiment shifts.

In this video, Ira Epstein discusses the current state of the financial markets, focusing on recent market corrections, particularly in AI and GPT sectors, which he views as necessary adjustments rather than fundamental shifts.

Real US retail sales fell in October after missing expectations, showing that consumer spending growth weakened once price effects are accounted for—suggesting softer demand amid broader economic cooling.