Wall Street tumbled overnight as disappointing reactions to Meta and Tesla's earnings reignited concerns about AI spending, while oil prices climbed to a five-month high amid renewed supply fears in the Middle East. The sell-off is set to weigh on the ASX, which is poised for a softer open after yesterday's decline. Plus, why slowing growth in AI token spending is raising fresh questions about demand for the technology.

Join James Gruber, Equity Market Strategist, and Gillian Bowen, Head of Media and Markets at CommSec, as they take you through all the key numbers.

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