Financial sector stocks took a significant hit on Tuesday as investors aggressively rotated capital into the technology space, driven by mounting enthusiasm for Meta’s Muse AI agent. The artificial intelligence frenzy sharply divided the financial landscape: traditional banking and wealth management took the brunt of the selloff,

PayPal (PYPL) stock surged up to 4.8% after partnering with Meta to integrate Muse AI shopping agent, enabling AI-powered checkout worldwide.

Alexandr Wang dared Muse users to save $1,000. Many of the replies came from Meta staff. None of the savings have been independently checked.

Tuesday’s selloff echoes the garden-variety selloffs earlier this year, driven by anxiety over AI displacing traditional industries.

PYPL joins Meta’s Muse checkout network, extending merchant reach as automated shopping expands through Shopify and Stripe worldwide.