NVIDIA's big earnings spark questions about tech stock hype
NVIDIA just dropped another strong earnings report, which briefly sent global stocks higher.
But the excitement didn't last—investors quickly started worrying about whether AI investments are really paying off and if tech stocks like NVIDIA are getting too expensive.
Both the S&P 500 and Nasdaq slipped after recent record highs.
Plus, fresh job data showed the US job market is still strong, making it likely that the Federal Reserve will keep interest rates steady in December.
Tech giants under the microscope as valuations soar
NVIDIA and Meta aren't just racking up big gains—they're also drawing more attention for how much of the market they control.
Some analysts, including Mark Haefele, warn there could be a "bubble" risk if prices keep climbing this fast.
Even with some recent dips, tech stocks have had a huge year so far.
Morgan Stanley even changed its outlook on a possible December rate cut because of stronger-than-expected hiring numbers.