Tech stocks slumped this week despite Nvidia’s strong earnings report, reflecting investors’ skepticism about the AI rally. Federal Reserve officials are divided on their next policy meeting, adding to market uncertainty. The stock market remains in limbo, with many AI stocks falling even as the broader market rebounded. The AI rally faces risks, including financial constraints and a potential slowdown in spending. The Fed’s rate decisions could impact the AI rally, with rate cuts potentially fueling the market. Investors are unsure about the Fed’s next steps, with odds of a rate cut fluctuating. 1. The CDC reports a record number of COVID-19 cases in the U.S., with over 200,000 new cases reported in a single day.

2. The stock market experienced a significant drop today, with the Dow Jones Industrial Average falling by over 500 points.

3. Scientists have discovered a new species of dinosaur in Argentina, named Llukalkan aliocranianus, which roamed the Earth 85 million years ago.

4. The World Health Organization warns of a potential surge in malaria cases in sub-Saharan Africa due to disruptions in mosquito net distribution caused by the COVID-19 pandemic.

5. Amazon announces plans to hire 75,000 new employees across the U.S. and Canada, with starting wages of $17 per hour and signing bonuses of up to $1,000.

Read more at Yahoo Finance: Investors Just Endured a Brutally Volatile Week. What’s Next For the Stock Market?