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U.S. stocks fell as renewed conflict concerns pushed crude higher, while rising Treasury yields added pressure to growth shares.

A sharp rally in AI-linked shares lifted the Nasdaq to a record, while an investor strategist argued the AI trade still has room to grow.

U.S. futures barely moved after a record-setting tech session, while conditional reopening news pushed crude prices down about 2%.

Arm is becoming a toll collector on AI infrastructure, with data-center royalties accelerating and its first production CPU broadening the opportunity.

Investors reassessed AI infrastructure spending after leading executives urged the industry to slow frontier-model development for safety reasons.