Individual investors' yearslong love affair with the market's biggest tech stocks is starting to cool off. Retail traders are buying fewer shares of Microsoft, Apple, Amazon.com, Meta, Nvidia, Alphabet and Tesla—the so-called Mag Seven.

Instead, they are flocking to newer AI trades: chip stocks like SK Hynix, for example, or the Roundhill Memory exchange-traded fund, according to data from flow-tracking firm Vanda Research. Many individual investors maintain significant exposure to the Mag Seven—but they are increasingly funneling dollars toward less famous stocks that they are hoping will emerge as the next set of AI superstars.

Overseas, Andy Burnham takes office as the U.K.'s prime minister, becoming the country's sixth leader in seven years. He inherits a daunting agenda, including a housing crisis gripping London. Meanwhile, Jordan becomes a flashpoint in the U.S.-Iran war as troop deaths rise.

In Connecticut, Edward Marchion bought a foreclosed home sight-unseen and discovered three dead bodies inside. Police identified two as the previous co-owner and her son; the third remains unidentified.