AI stocks stall in an 'air pocket' as Meta and Microsoft face bear-market scrutiny

Fortune reports Dan Ives of Wedbush says AI-related stocks are in a six-to-12 month air pocket, with Microsoft and Meta being treated like bear-market names that can’t be owned; hyperscalers are spending up to $700 billion on AI data centers, costs are expected to slow and monetization may take years, raising the risk of a 10-20% market correction amid high valuations and geopolitical uncertainty.