U.S. stocks are near record highs, but the market is showing a sharp divergence. According to Sina Finance, recent Wind data showed that among S&P 500 constituents, 99 stocks hit 60-day lows over the past three days, while only 28 hit 60-day highs; 77 stocks hit 120-day lows, while only 22 hit 120-day highs.

According to Sina Finance, Jeffrey Gundlach of DoubleLine Capital, who correctly predicted the 2007 housing bubble, said artificial intelligence-related stocks will fall sharply and added, "I just want out!" He said cracks are already appearing in the AI narrative and warned that the AI trade could break down soon.