“AI wunderkind” takes heavy losses and clears his equity book—then Wall Street stages a sharp rebound.

Citadel swiftly took over Situational Awareness’s public-equity portfolio, triggering a broad rebound across the fund’s major holdings. Meanwhile, Amazon and Apple’s earnings reinforced the same message: the market is reassessing how efficiently every dollar of AI spending converts into revenue.

Tonight brings the U.S. Employment Cost Index, consumer sentiment data, and earnings from major energy companies. Our two-page pre-market brief gets you up to speed on the events, sectors, and movers that matter most before the opening bell.

Related stocks: $Amazon(AMZN.US)$Apple(AAPL.US)$Nebius(NBIS.US)$Bloom Energy(BE.US)$Sandisk(SNDK.US)