Happy Thursday! The AI story has been all about promise — until now. JPMorgan’s latest findings hint the easy gains may be behind us, and 2026 could be the year the market starts asking tough questions. Here’s everything you need to know. 

Also, after hitting 52-week highs, shares of Tesla hit the brakes yesterday as regulatory trouble sparked a selloff. Meanwhile, Micron delivered a blockbuster quarter that has Wall Street buzzing. Dive into the details to see why analysts are recalibrating their expectations.

Plus, if you’re looking for a cannabis company positioned to benefit from federal reform and loosened regulations in the $40 billion industry, check out today’s sponsor.

In Today's Edition

• SPONSORED CONTENT

• MARKET RECAP

• MARKET HEATMAP

• FIVE ZINGERS

• SPECIAL OFFER

• MARKET HISTORY

JPMorgan Warns: AI Hype Has Peaked — 2026 Is About Profits

AI has spent the past year carrying market expectations higher, but JPMorgan is signaling that the easy part of the story may be over. New CEO survey data suggests the financial results haven’t kept pace with the enthusiasm, and investors are beginning to demand results instead of promises.

The next phase won’t reward belief — it will reward earnings. See why 2026 could mark a turning point for AI stocks and what to watch next.

The White House Signals It Wants To Reclassify Cannabis Regulations; MariMed Poised To Benefit

The cannabis industry has something to celebrate as we close out 2025–President Donald Trump signaled he wants to reschedule cannabis, which could be a major catalyst for the $40 billion industry.

MariMed Inc. (OTCMKTS: MRMD), owner of award-winning edibles, beverages and flower products, says it's well positioned to benefit from this shift. Already operating in Illinois, Maryland, Massachusetts, Ohio and Delaware, the company says recent agreements give it a foothold in New York and Pennsylvania and now this pro-pot move by the White House helps it expand even more. MariMed’s end game is to become a top cannabis brand owner nationally by 2030. To learn more about how MariMed plans to do that, click here. 

This is a paid ad. Please see 17b disclosure here for more information.

Yesterday: U.S. indexes closed at the lows Wednesday, with the S&P 500 and Dow logging their fourth straight declines, with the Nasdaq also underperforming, falling 1.8%. Technology stocks slid after reports that one of Oracle’s data center projects is in jeopardy after the company’s financing agreement fell through. Meanwhile, the energy sector outperformed, rising about 2% as oil prices jumped after President Trump announced a blockade of Venezuelan-sanctioned oil tankers. After the close, shares of Micron surged more than 7% after the company beat earnings on the top and bottom lines and issued strong guidance. This lead to a recovery after hours for companies in the semiconductor industry. Despite the recent pullback, U.S. equities remain on track for another strong year, with the S&P 500 pacing a third straight annual gain of more than 15%.

On Our Radar: Analysts will be watching initial jobless claims, as well as the latest data on the consumer price index (CPI) for clues on the health of the labor market and the trajectory of inflation. On the earnings front, all eyes will be on Nike (NKE), and FedEx (FDX) which report after the market close today.

Chipmakers tanked again and have now fallen nearly 10% over the past few days, the sector's worst stretch since the tariff-driven selloff in April. Nvidia (NVDA) dropped more than 4%, posting its steepest decline in two months, and shares of CoreWeave (CRWV) fell for the sixth consecutive time. But those weren’t the only companies making big moves. Here’s a look at some of the biggest winners and losers on Wednesday.

Discover how the market is moving with our interactive heatmap. Filter by market cap, or click on any box to explore specific sectors or assets in more detail.

Silicon Showdown: Nvidia and Alphabet are in a high-stakes showdown to see who will likely be the world’s biggest company this time next year. Click to see who could claim the crown — and which stock could deliver the biggest upside.

iFall: Apple just capped a record-breaking 2025 thanks to the iPhone 17, but an expected slowdown next year will test the tech giant. Here’s everything you need to know.

Hidden Gem: Airbnb’s first-party data is transforming the company into a powerhouse in the AI-driven consumer market, earning a major analyst upgrade and higher price target. Click to see why ABNB’s data advantage makes it a hidden gem and one of the most compelling growth stories today.

War Chest: Alphabet, Microsoft, Meta, and Oracle are spending billions on AI, but only some have the cash flow, while others are risking billions on borrowed money. Find out who’s positioned to win and who could stumble.

Stock Of The Day: Shares of Datadog may be poised for a rebound after becoming oversold and hitting a key support level. Don’t miss out, see why traders are eyeing a potential reversal and how this could shape the next big move.

LIVE Investor Briefing: AI Reckoning 2026

AI stocks are about to face their moment of truth. This Sunday, December 21st, discover a simple two-move system built to hand you potential profits…whether the rally keeps running or the bubble finally pops.

Plus: Walk away with 2 FREE stock picks. (one for each move)

On This Day In 2023…

Nippon Steel announced an agreement to acquire United States Steel Corp. in an all-cash deal at $55 per share, valuing the deal at roughly $15 billion, a premium of about 40% to U.S. Steel’s prior closing price. The announcement marked a historic moment for U.S. markets, as U.S. Steel — founded in 1901 and long considered a symbol of American industrial power — agreed to be purchased by a foreign company. The deal highlighted shifting dynamics in the global steel industry, and sparked political and regulatory scrutiny over foreign ownership of a strategically important U.S. manufacturer, despite assurances that the company’s name, headquarters, and agreements would be preserved.

QUOTE OF THE DAY

“If you want to be a better investor, you have to be a better thinker.“

— Jim Rogers

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