After years of outperformance, AI infrastructure stocks — the so-called picks-and-shovels plays — are getting hit hard as the trade reverses in markets from Asia to the US. We dig into whether this is a healthy correction or the start of a broader reckoning for AI-linked investments.

Today's Stocks & Topics: PayPal Holdings, Inc. (PYPL), Market Wrap, Vistra Corp. (VST), Is the AI Trade Reversal Just Beginning? What the Picks-and-Shovels Selloff Really Means, Cash-Secure Puts, Vanguard Health Care ETF (VHT), McKesson Corporation (MCK), Myths about Private Credit, Sprouts Farmers Market, Inc. (SFM).

Schwab is rolling out a new tax-aware investment strategy designed to attract billions from high-net-worth investors by minimizing the drag of capital gains taxes on long-term wealth building. We break down what these strategies actually are, whether they work, and how everyday investors can apply the same principles to their own portfolios.

Today's Stocks & Topics: Prologis, Inc. (PLD), Market Wrap, Short Interest, Treasury Department vs. Bank of America, DXP Enterprises, Inc. (DXPE), Tax Loss Harvesting Explained: How Wealthy Investors Cut Tax Bills (And How You Can Too), State Street Energy Select Sector SPDR ETF (XLE), Vanguard Energy ETF (VDE), Centrus Energy Corp. (LEU), Idaho Strategic Resources, Inc. (IDR), Paying Taxes with Credit Card New Rule.

Verizon stock suffered its worst single day since 2002 after reports of SpaceX planning a U.S. wireless network sent shockwaves through the entire telecom sector. When a disruptive space-based competitor threatens the core business model of trillion-dollar incumbents, the structural implications for telecommunications investing are enormous.

Today's Stocks & Topics: Celanese Corporation (CE), Market Wrap, Curtiss-Wright Corporation (CW), The Survey of Consumer Finances (SCF), PepsiCo, Inc. (PEP), SpaceX Wireless Network vs. Verizon and AT&T: What Satellite Competition Means for Telecom Investors, Take-Two Interactive Software, Inc. (TTWO), Palladium, Global X Uranium ETF (URA), VanEck Gold Miners ETF (GDX), Global X Copper Miners ETF (COPX), Red Cat Holdings, Inc. (RCAT), National Credit Union Administration (NCUA).