Wall Street ushered in an exploratory recovery after one of the most intense weeks of the AI boom. Technology stocks had previously suffered a severe setback and long-term borrowing costs soared, and then the market experienced a decisive rebound. This week's turbulence was partly triggered by hedge fund Situational Awareness, which suffered losses in leveraged AI bets, and the fund was forced to sell public shares in a declining market.

Wall Street ushered in an exploratory recovery after one of the most intense weeks of the AI boom. Technology stocks had previously suffered a severe setback and long-term borrowing costs soared, and then the market experienced a decisive rebound. This week's turbulence was partly triggered by hedge fund Situational Awareness, which suffered losses in leveraged AI bets, and the fund was forced to sell public shares in a declining market.