CNBC commentator Mike Santoli stated that AI trading is approaching a "now or never" rebound moment. He noted that AI-related stocks have experienced significant volatility in recent months, with a growing market preference for high-quality and defensive assets, and widespread trader fatigue. Although hedge funds have substantially reduced their tech exposure, retail investors are still actively buying the dip. Santoli believes that this week's earnings reports from Alphabet, Amazon, and Microsoft, along with news such as Anthropic's IPO filing, Blackstone's financing for SpaceX, and Broadcom raising chip funds for Anthropic, could provide some relief for AI trading.