October 16, 2026

Scott Bauer Breaks Down the AI Selloff

An AI selloff just swept through the market and traders are trying to figure out what it means. Scott Bauer joined Business First AM to give his honest read on whether this week’s selloff is a healthy correction or the start of something bigger.

Scott covers:

  • The Anthropic commentary that rattled the entire AI space this week
  • Why he calls this AI selloff healthy despite how violent it felt in the moment
  • Whether too far too fast was always the real story in AI stocks
  • His one-word verdict on whether to buy or leave alone a major AI chipmaker right now

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about the author:

Scott Bauer

A respected market commentator seen on Bloomberg, Fox Business, CNBC and other major financial networks, Scott Bauer has 30+ years of professional equity and index options experience at the Chicago Board Options Exchange (CBOE) and Chicago Mercantile Exchange (CME) and as a Vice-President/trader for Goldman Sachs. Scott graduated with Honors from the University of Illinois Business School and has taught classes both at his alma mater and at the CBOE.

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