Stock Rally Fades on Higher Oil Prices; SpaceX in Talks to Buy Nvidia Chips

US equity futures slip after the S&P 500 hit a record high. Oil rises as traders weigh reports of increased Iranian attacks on vessels in the Strait of Hormuz. SpaceX is said to be in talks with banks and investors to raise $40 billion to buy Nvidia chips in what would be one of the biggest-ever debt financings for AI buildout. Kevin Mahn of Hennion & Walsh Asset Management discusses concentrated gains in the S&P 500 and the AI ecosystem. (Source: Bloomberg)

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