In recent market activity, global stocks have experienced significant declines, primarily driven by worries over artificial intelligence spending and surging oil prices. The Nasdaq fell over 2%, heavily impacted by disappointing earnings from major tech companies like Meta and Tesla. The fear of increasing costs related to AI development has spooked investors, leading to a sell-off in tech stocks across the board. Concurrently, crude oil prices have crossed the $112 mark, further exacerbating market tensions amidst concerns of potential geopolitical conflicts in the Middle East. As a result, many investors are retreating to safer treasury bonds, contributing to lower yields. The overall sentiment in the market indicates a growing anxiety over inflation and rising production costs, as well as potential economic fallout from high oil prices and ongoing uncertainty surrounding AI investments.