According to Gary Black, stocks showed cautious recovery as fears surrounding disruptive AI impacts subsided, following a prior indiscriminate selloff. Bitcoin (BTC) dropped to $63.3K, its lowest level since October. NVIDIA (NVDA) gained ahead of its earnings report, while Tesla (TSLA) continued its decline, now down 12% YTD due to falling earnings estimates and competitive advancements in autonomous technology. Meanwhile, WBD and NFLX rose after PSKY raised its bid for WBD, boosting market sentiment.