The market’s split right down the middle, AI is making investors rich, but Tesla and crypto are reminding everyone that hype has limits.

The Nasdaq hit another record as AI names crushed earnings. Google, Nvidia, and AMD all beat expectations, fueling more money into mega-cap tech. It’s clear: if you’re not saying “AI” on earnings calls, you’re getting left behind.

Tesla, meanwhile, did the opposite of impress. The EV giant posted a 23% profit drop and warned of “challenging quarters ahead.” Shares tanked 8%, and other EV names got dragged down with it. No subsidies, no mercy.

Crypto’s hot streak hit a wall. Bitcoin dropped below $117K after over $700M in long positions were liquidated. XRP slid 14% after co-founder Chris Larsen moved $175M worth to exchanges, the market did not love that.

The Senate’s new crypto bill is also shaking things up. It gives the SEC power over most tokens but spares Bitcoin and Ether. The Howey Test? Gone. The “Micro-Innovation Sandbox”? In. Traders are watching this one closely.

AI stocks are the clear winners this week. EVs are cooling. And crypto? Still allergic to stability.

TSLA — $305.30 ↓
AAPL — $213.76 ↓
NVDA — $155.82 ↑
BTC — $116,584 ↓
ETH — $5,921 ↓