Nasdaq AI Selloff Sends Capital Flowing Into Treasuries

Nasdaq AI bubble fears hit tech stocks as capital rotates into Treasuries and yen-funded leverage unwinds through Japan's Nikkei. James Stanley, StoneX Media Senior Market Analyst, breaks down the top five charts behind the selloff, from the Nasdaq 100 and S&P 500 futures to Nvidia, Treasury yields and the Nikkei. Nvidia now trades on a lower trailing multiple than Walmart or Apple. The Nikkei's sharpest drop came the day after the U.S. midterm election results, a sign of how a yen carry trade unwind can reach U.S. stocks through leverage. Falling 10-year Treasury yields have tracked falling stock prices as capital leaves overbought AI names for the safety of bonds. The last time the Nasdaq 100 went oversold on the daily chart was the April 2025 tariff tantrum, when the first bounce gave way to a pullback and a higher low. 00:00 - AI Bubble Meets Leverage 01:42 - Nasdaq Hits Oversold Again 08:19 - S&P 500 Futures Hold Support 10:27 - Nvidia Slides Despite Buyback 15:10 - Treasuries Pull Capital In 20:27 - Nikkei Exposes Cheap Money 22:33 - Dollar Yen Carry Unwind Risk Discover Actionable Insights with the latest Market Outlook Reports: https://intel.stonex.com/offer?language=en&campaignId=A908C315-DC62-4F35-AC16-870BB71E84D1&utm_source=youtube&utm_medium=social&utm_campaign=sxtv_guest_james_stanley&utm_content=share Like and subscribe for more financial market insights. #Nasdaq #StoneX #JamesStanley #Nvidia #Nikkei --------- Like this video? Subscribe and turn on notifications so you don't miss any videos from StoneX: https://www.youtube.com/@stonex_official Visit https://www.stonex.com/en/insights/thought-leadership/?utm_source=youtube&utm_medium=social for insights, perspectives and thought leadership from StoneX's global network of experts. Visit our website: https://www.stonex.com?utm_source=youtube&utm_medium=social