Worries about Western AI dominance permeated the markets, with Nvidia stock plunging 17% alongside other chipmakers, utilities, and more.

Investors can thank big tech and a resilient economy.

Price hikes are possible; diverse supply chains are a must.

A smaller cut is narrowly expected, but a more aggressive move is possible.

The two biggest players in the market appear poised to dominate for years to come.

Everything investors need to know about frothy stock valuations, and why they may not be so bad.