U.S. Stock Market Declines Following Mixed Jobs Report and Concerns Over AI Company Valuations

U.S. stocks turned negative after initially gaining, influenced by a mixed September jobs report showing 119,000 new positions but a rise in unemployment to 4.4%. Despite Nvidia's strong earnings, investor concerns about high valuations and aggressive spending in AI companies led to a sell-off. The Nasdaq, S&P 500, and Dow all declined, while Treasury yields slipped amid uncertainty about future Federal Reserve rate cuts.

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- .ac.ac
  ·11-21
  Share your opinion about this news…
  Nvidia's Best Wasn't Enough to Prop Up a Wobbly Stock Market
  The artificial-intelligence trade is still in trouble.Blockbuster results from AI bellwether $Nvidia(NVDA)$ sparked a furious rally from Tokyo to New York early Thursday before indexes reversed...
  Nvidia's Best Wasn't Enough to Prop Up a Wobbly Stock Market
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- kibkibkibkibkibkib
  ·11-21
  Has nothing to do with AI bubble. Triggered by jobs report and crypto liquidity issue. It affects all the stocks not just AI.
  One Earnings Report Can’t Erase the Stock Market’s AI Bubble Concerns
  “Don’t fight the Fed” is a financial market shibboleth most investors learn at a very early stage in their career.
  One Earnings Report Can’t Erase the Stock Market’s AI Bubble Concerns
  271 Comment
  1
  Share
  Report
- kibkibkibkibkibkib
  ·11-21
  Has nothing to do with AI bubble. Triggered by jobs report and crypto liquidity issue. It affects all the stocks not just AI.
  One Earnings Report Can’t Erase the Stock Market’s AI Bubble Concerns
  “Don’t fight the Fed” is a financial market shibboleth most investors learn at a very early stage in their career.
  One Earnings Report Can’t Erase the Stock Market’s AI Bubble Concerns
  271 Comment
  1
  Share
  Report
- .ac.ac
  ·11-21
  Share your opinion about this news…
  Nvidia's Best Wasn't Enough to Prop Up a Wobbly Stock Market
  The artificial-intelligence trade is still in trouble.Blockbuster results from AI bellwether $Nvidia(NVDA)$ sparked a furious rally from Tokyo to New York early Thursday before indexes reversed...
  Nvidia's Best Wasn't Enough to Prop Up a Wobbly Stock Market
  129 Comment
  2
  Share
  Report

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The Nasdaq, S&P 500, and Dow all declined, while Treasury yields slipped amid uncertainty about future Federal Reserve rate cuts.","image":"https://community-static.tradeup.com/news/1201dcc0482be040348fb8d4f228bb68","type":2,"style":4,"follow":false,"createTime":1763659650238,"userCounts":0,"rnLink":"https://laohu8.com/RN?name=RNTheme&page=/theme/special/finance&rndata={\"themeId\":884ac5cf4fed827582c221e8bac70a93}&rnconfig={\"headerBarHidden\": true}","subscribe":false,"allowFollow":false,"hasReward":false,"rewardScore":0,"rewardValidDate":0,"rewardEnd":false,"symbols":[".IXIC","DOW","NDAQ",".SPX","SPY"],"tweetCounts":2,"categoryId":"2929bb7468f5415f853fd96fb35d7c3b","options":[],"votedOptionId":"","totalUserCount":0,"followStatus":false,"themeName":"U.S. Stock Market Declines Following Mixed Jobs Report and Concerns Over AI Company Valuations","tweetAmount":2,"imageIsDefault":false,"aiDerivativeIssues":[]},"tab":"essen","isFinancial":true,"allList":[{"id":502678005142000,"gmtCreate":1763732629425,"gmtModify":1763732728004,"author":{"id":"4218202694027452","authorId":"4218202694027452","name":".ac","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4218202694027452","idStr":"4218202694027452"},"themes":[],"title":"","htmlText":"Share your opinion about this news…","listText":"Share your opinion about this news…","text":"Share your opinion about this news…","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/502678005142000","repostId":"2585169373","repostType":4,"repost":{"id":"2585169373","kind":"highlight","weMediaInfo":{"introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"media_name":"Dow Jones","id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"pubTimestamp":1763718944,"share":"https://ttm.financial/m/news/2585169373?lang=en_US&edition=fundamental","pubTime":"2025-11-21 17:55","market":"other","language":"en","title":"Nvidia's Best Wasn't Enough to Prop Up a Wobbly Stock Market","url":"https://stock-news.laohu8.com/highlight/detail?id=2585169373","media":"Dow Jones","summary":"The artificial-intelligence trade is still in trouble.Blockbuster results from AI bellwether $Nvidia(NVDA)$ sparked a furious rally from Tokyo to New York early Thursday before indexes reversed...","content":"<html><head></head><body><img src=\"https://community-static.tradeup.com/news/466e510403b54c3dc634441dcd8639af\" tg-width=\"637\" tg-height=\"508\"/>The artificial-intelligence trade is still in trouble.Blockbuster results from AI bellwether <a href=\"https://laohu8.com/S/NVDA\">Nvidia</a> sparked a furious rally from Tokyo to New York early Thursday before indexes reversed course and tumbled in the largest blown gain since April&#39;s tariff-fueled market turmoil.The sharp move extended a painful stretch for the stocks at the heart of the AI boom, demonstrating how on edge investors remain over their swollen valuations and aggressive spending plans, which some fear mark signs of a bubble.Adding to the worries on Thursday: A shutdown-delayed jobs report ended a weekslong blackout on key economic data, but did little to clarify the state of the labor market and the potential for a long-debated December interest-rate cut from the Federal Reserve.For a while, investors cheered the dissipating fog, with the Nasdaq composite surging as much as 2.6%. Then tech shares slumped, driving the index to a 2.2% decline. Nvidia climbed as much as 5%, before finishing the session down 3%. Bitcoin slumped anew, to its lowest 4 p.m. level since April. The Cboe Volatility Index, known as Wall Street&#39;s &#34;fear gauge,&#34; rose around 12%.&#34;What stands out to me is the lack of any substantial shift in narrative to cause such a big shift,&#34; said Tony Roth, chief investment officer at Wilmington Trust Investment Advisors. &#34;There&#39;s just not a lot of confidence in the market right now.&#34;The S&amp;P 500 closed 1.6% lower, after initially jumping 1.9%. The Dow Jones Industrial Average swung more than 1,000 points, surrendering a more than 700-point gain and losing 0.8% to close 387 points lower.One factor behind the moves: The much-awaited release of the September jobs report, postponed during the government shutdown, showed the U.S. added 119,000 positions, beating consensus forecasts. The unemployment rate, however, unexpectedly ticked up to 4.4%.Some investors said the numbers were both stale and contradictory, giving little guidance on what to expect from a divided Fed next month.Traders had scaled back rate-cut bets when the Labor Department said October employment data wouldn&#39;t be published until mid-December, after the central bank&#39;s next meeting. That reflected investors&#39; views that policymakers would need more evidence of a weakening labor market to justify a cut.Interest-rate futures suggested investors now see a nearly 40% chance that Fed officials will cut rates in December, according to CME data. That is up from 30% on Wednesday, but down from around 99% a month ago. The yield on the 10-year Treasury note fell to 4.105% on Thursday, down from 4.132% on Wednesday.The stock selloff came after Nvidia reported a 62% increase in sales of AI data center chips and raised its guidance for the current quarter. In recent sessions, investors have punished big tech, worried that some companies are spending too much on data centers, chips and other AI infrastructure with little hope of recouping their investments soon.Investors are also increasingly jittery about how tech giants are using large and complex debt deals to finance the infrastructure build-out. The cost of swaps that protect holders against default in bonds issued by Oracle -- a big supplier of computing power to AI labs -- has jumped by nearly 50% since mid-October, according to data provider Solve.Other stocks tied to the AI trade fell, too. Micron Technology dropped 11%, extending its weekly loss to 18%. <a href=\"https://laohu8.com/S/WDCVV\">Western Digital</a> slid 8.9%, and Advanced Micro Devices retreated 7.8%.&#34;Nvidia is a leader in the market but the AI ecosystem is beyond Nvidia, &#34; said Omar Aguilar, chief investment officer at Schwab Asset Management. &#34;The credit market seems to be providing a barometer that there may be risks on the horizon.&#34;And declines in everything from industrial firms to bitcoin suggested a broad retreat from risk. At 4 p.m., the largest cryptocurrency was at $86,337, down more than 30% from a peak above $126,000 set on Oct. 6.Lonely bright spots in the market included Walmart, which rose 6.5% to lead gains in the Dow industrial and S&amp;P 500 after the largest U.S. retailer reported robust earnings and raised its annual outlook.With the corporate earnings season drawing to a close and no major economic data releases currently expected in the run-up to the Fed&#39;s meeting, the next market signposts remain unclear. That uncertainty might be encouraging large institutional investors to trim their holdings to lock in gains from earlier in the year.Individual investors also showed signs of ebbing confidence. Retail investors were net sellers of single stocks this week, unloading about $728 million-worth, the lowest level in four months, according to research by JPMorgan Chase.&#34;The market was priced for perfection and now the concerns about AI and a pause in Fed rate cutting are spreading cracks through the edifice of perfection,&#34; Wilmington Trust&#39;s Roth said.</body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Nvidia's Best Wasn't Enough to Prop Up a Wobbly Stock Market</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nNvidia's Best Wasn't Enough to Prop Up a Wobbly Stock Market\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\nDow Jones \n2025-11-21 17:55\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><img src=\"https://community-static.tradeup.com/news/466e510403b54c3dc634441dcd8639af\" tg-width=\"637\" tg-height=\"508\"/>The artificial-intelligence trade is still in trouble.Blockbuster results from AI bellwether <a href=\"https://laohu8.com/S/NVDA\">Nvidia</a> sparked a furious rally from Tokyo to New York early Thursday before indexes reversed course and tumbled in the largest blown gain since April&#39;s tariff-fueled market turmoil.The sharp move extended a painful stretch for the stocks at the heart of the AI boom, demonstrating how on edge investors remain over their swollen valuations and aggressive spending plans, which some fear mark signs of a bubble.Adding to the worries on Thursday: A shutdown-delayed jobs report ended a weekslong blackout on key economic data, but did little to clarify the state of the labor market and the potential for a long-debated December interest-rate cut from the Federal Reserve.For a while, investors cheered the dissipating fog, with the Nasdaq composite surging as much as 2.6%. Then tech shares slumped, driving the index to a 2.2% decline. Nvidia climbed as much as 5%, before finishing the session down 3%. Bitcoin slumped anew, to its lowest 4 p.m. level since April. The Cboe Volatility Index, known as Wall Street&#39;s &#34;fear gauge,&#34; rose around 12%.&#34;What stands out to me is the lack of any substantial shift in narrative to cause such a big shift,&#34; said Tony Roth, chief investment officer at Wilmington Trust Investment Advisors. &#34;There&#39;s just not a lot of confidence in the market right now.&#34;The S&amp;P 500 closed 1.6% lower, after initially jumping 1.9%. The Dow Jones Industrial Average swung more than 1,000 points, surrendering a more than 700-point gain and losing 0.8% to close 387 points lower.One factor behind the moves: The much-awaited release of the September jobs report, postponed during the government shutdown, showed the U.S. added 119,000 positions, beating consensus forecasts. The unemployment rate, however, unexpectedly ticked up to 4.4%.Some investors said the numbers were both stale and contradictory, giving little guidance on what to expect from a divided Fed next month.Traders had scaled back rate-cut bets when the Labor Department said October employment data wouldn&#39;t be published until mid-December, after the central bank&#39;s next meeting. That reflected investors&#39; views that policymakers would need more evidence of a weakening labor market to justify a cut.Interest-rate futures suggested investors now see a nearly 40% chance that Fed officials will cut rates in December, according to CME data. That is up from 30% on Wednesday, but down from around 99% a month ago. The yield on the 10-year Treasury note fell to 4.105% on Thursday, down from 4.132% on Wednesday.The stock selloff came after Nvidia reported a 62% increase in sales of AI data center chips and raised its guidance for the current quarter. In recent sessions, investors have punished big tech, worried that some companies are spending too much on data centers, chips and other AI infrastructure with little hope of recouping their investments soon.Investors are also increasingly jittery about how tech giants are using large and complex debt deals to finance the infrastructure build-out. The cost of swaps that protect holders against default in bonds issued by Oracle -- a big supplier of computing power to AI labs -- has jumped by nearly 50% since mid-October, according to data provider Solve.Other stocks tied to the AI trade fell, too. Micron Technology dropped 11%, extending its weekly loss to 18%. <a href=\"https://laohu8.com/S/WDCVV\">Western Digital</a> slid 8.9%, and Advanced Micro Devices retreated 7.8%.&#34;Nvidia is a leader in the market but the AI ecosystem is beyond Nvidia, &#34; said Omar Aguilar, chief investment officer at Schwab Asset Management. &#34;The credit market seems to be providing a barometer that there may be risks on the horizon.&#34;And declines in everything from industrial firms to bitcoin suggested a broad retreat from risk. At 4 p.m., the largest cryptocurrency was at $86,337, down more than 30% from a peak above $126,000 set on Oct. 6.Lonely bright spots in the market included Walmart, which rose 6.5% to lead gains in the Dow industrial and S&amp;P 500 after the largest U.S. retailer reported robust earnings and raised its annual outlook.With the corporate earnings season drawing to a close and no major economic data releases currently expected in the run-up to the Fed&#39;s meeting, the next market signposts remain unclear. That uncertainty might be encouraging large institutional investors to trim their holdings to lock in gains from earlier in the year.Individual investors also showed signs of ebbing confidence. Retail investors were net sellers of single stocks this week, unloading about $728 million-worth, the lowest level in four months, according to research by JPMorgan Chase.&#34;The market was priced for perfection and now the concerns about AI and a pause in Fed rate cutting are spreading cracks through the edifice of perfection,&#34; Wilmington Trust&#39;s Roth said.</body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BK4608":"AI应用概念股","LU0320765059.SGD":"FTIF - Franklin US Opportunities A Acc SGD","NVDA":"英伟达","LU0889566641.SGD":"FTSF - Templeton Shariah Global Equity A Acc SGD","LU0494093205.USD":"贝莱德ESG灵活多元资产A2 USD-H","SG9999002232.USD":"Allianz Global High Payout USD","LU0238689110.USD":"贝莱德环球动力股票基金","SG9999015358.SGD":"United Income Focus Trust Dis SGD-H","LU1267930490.SGD":"TEMPLETON GLOBAL EQUITY INCOME \"AS\" (SGD) INC A","LU0006061336.USD":"Blackrock US Small and MidCap Opportunities A2 USD","LU1267930813.SGD":"FRANKLIN TEMPLETON SHARIAH GLOBAL EQUITY \"AS\" (SGD) ACC","BK4527":"明星科技股","BK4534":"瑞士信贷持仓","SG9999001424.SGD":"United E-Commerce Fund SGD","BK4575":"芯片概念","LU2430703095.HKD":"WELLINGTON MULTI-ASSET HIGH INCOME \"AM4\" (HKD) INC","IE0004445239.USD":"JANUS HENDERSON US FORTY \"A2\" (USD) ACC","IE0004445015.USD":"JANUS HENDERSON BALANCED \"A2\" (USD) ACC","LU2430703178.SGD":"WELLINGTON MULTI-ASSET HIGH INCOME \"AM4H\" (SGDHDG) INC","IE00BJTD4V19.USD":"NEUBERGER BERMAN US LONG SHORT EQUITY \"A1\" (USD) ACC"},"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2585169373","content_text":"The artificial-intelligence trade is still in trouble.Blockbuster results from AI bellwether Nvidia sparked a furious rally from Tokyo to New York early Thursday before indexes reversed course and tumbled in the largest blown gain since April's tariff-fueled market turmoil.The sharp move extended a painful stretch for the stocks at the heart of the AI boom, demonstrating how on edge investors remain over their swollen valuations and aggressive spending plans, which some fear mark signs of a bubble.Adding to the worries on Thursday: A shutdown-delayed jobs report ended a weekslong blackout on key economic data, but did little to clarify the state of the labor market and the potential for a long-debated December interest-rate cut from the Federal Reserve.For a while, investors cheered the dissipating fog, with the Nasdaq composite surging as much as 2.6%. Then tech shares slumped, driving the index to a 2.2% decline. Nvidia climbed as much as 5%, before finishing the session down 3%. Bitcoin slumped anew, to its lowest 4 p.m. level since April. The Cboe Volatility Index, known as Wall Street's \"fear gauge,\" rose around 12%.\"What stands out to me is the lack of any substantial shift in narrative to cause such a big shift,\" said Tony Roth, chief investment officer at Wilmington Trust Investment Advisors. \"There's just not a lot of confidence in the market right now.\"The S&P 500 closed 1.6% lower, after initially jumping 1.9%. The Dow Jones Industrial Average swung more than 1,000 points, surrendering a more than 700-point gain and losing 0.8% to close 387 points lower.One factor behind the moves: The much-awaited release of the September jobs report, postponed during the government shutdown, showed the U.S. added 119,000 positions, beating consensus forecasts. The unemployment rate, however, unexpectedly ticked up to 4.4%.Some investors said the numbers were both stale and contradictory, giving little guidance on what to expect from a divided Fed next month.Traders had scaled back rate-cut bets when the Labor Department said October employment data wouldn't be published until mid-December, after the central bank's next meeting. That reflected investors' views that policymakers would need more evidence of a weakening labor market to justify a cut.Interest-rate futures suggested investors now see a nearly 40% chance that Fed officials will cut rates in December, according to CME data. That is up from 30% on Wednesday, but down from around 99% a month ago. The yield on the 10-year Treasury note fell to 4.105% on Thursday, down from 4.132% on Wednesday.The stock selloff came after Nvidia reported a 62% increase in sales of AI data center chips and raised its guidance for the current quarter. In recent sessions, investors have punished big tech, worried that some companies are spending too much on data centers, chips and other AI infrastructure with little hope of recouping their investments soon.Investors are also increasingly jittery about how tech giants are using large and complex debt deals to finance the infrastructure build-out. The cost of swaps that protect holders against default in bonds issued by Oracle -- a big supplier of computing power to AI labs -- has jumped by nearly 50% since mid-October, according to data provider Solve.Other stocks tied to the AI trade fell, too. Micron Technology dropped 11%, extending its weekly loss to 18%. Western Digital slid 8.9%, and Advanced Micro Devices retreated 7.8%.\"Nvidia is a leader in the market but the AI ecosystem is beyond Nvidia, \" said Omar Aguilar, chief investment officer at Schwab Asset Management. \"The credit market seems to be providing a barometer that there may be risks on the horizon.\"And declines in everything from industrial firms to bitcoin suggested a broad retreat from risk. At 4 p.m., the largest cryptocurrency was at $86,337, down more than 30% from a peak above $126,000 set on Oct. 6.Lonely bright spots in the market included Walmart, which rose 6.5% to lead gains in the Dow industrial and S&P 500 after the largest U.S. retailer reported robust earnings and raised its annual outlook.With the corporate earnings season drawing to a close and no major economic data releases currently expected in the run-up to the Fed's meeting, the next market signposts remain unclear. That uncertainty might be encouraging large institutional investors to trim their holdings to lock in gains from earlier in the year.Individual investors also showed signs of ebbing confidence. Retail investors were net sellers of single stocks this week, unloading about $728 million-worth, the lowest level in four months, according to research by JPMorgan Chase.\"The market was priced for perfection and now the concerns about AI and a pause in Fed rate cutting are spreading cracks through the edifice of perfection,\" Wilmington Trust's Roth said.","news_type":1,"symbols_score_info":{"US3Y.BOND":0.9,"US10Y.BOND":0.9,"US5Y.BOND":0.9,"US7Y.BOND":0.9,"US12M.BOND":0.9,"US2Y.BOND":0.9,"US6M.BOND":0.9,"NVDA":2,"US30Y.BOND":0.9}},"isVote":1,"tweetType":1,"viewCount":129,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":502536096129872,"gmtCreate":1763698082939,"gmtModify":1763702224248,"author":{"id":"4097035389999120","authorId":"4097035389999120","name":"kibkibkib","avatar":"https://static.tigerbbs.com/d8a7aa26d3fe477a8cce6bc245028fff","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4097035389999120","idStr":"4097035389999120"},"themes":[],"title":"","htmlText":"Has nothing to do with AI bubble. Triggered by jobs report and crypto liquidity issue. It affects all the stocks not just AI.&nbsp;","listText":"Has nothing to do with AI bubble. Triggered by jobs report and crypto liquidity issue. It affects all the stocks not just AI.&nbsp;","text":"Has nothing to do with AI bubble. Triggered by jobs report and crypto liquidity issue. It affects all the stocks not just AI.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/502536096129872","repostId":"2585215922","repostType":2,"repost":{"id":"2585215922","kind":"highlight","weMediaInfo":{"introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"media_name":"Dow Jones","id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"pubTimestamp":1763697600,"share":"https://ttm.financial/m/news/2585215922?lang=en_US&edition=fundamental","pubTime":"2025-11-21 12:00","market":"us","language":"en","title":"One Earnings Report Can’t Erase the Stock Market’s AI Bubble Concerns","url":"https://stock-news.laohu8.com/highlight/detail?id=2585215922","media":"Dow Jones","summary":"“Don’t fight the Fed” is a financial market shibboleth most investors learn at a very early stage in their career.","content":"<html><head></head><body>“Don’t fight the Fed” is a financial market shibboleth most investors learn at a very early stage in their career.The central bank might be wrong in its assessment of inflation pressures and the job market, but it makes the rules nonetheless. Push against it at your peril.<a href=\"https://laohu8.com/S/NVDA\">Nvidia</a> seems to occupy a similar space in the financial markets these days. As the world’s most-valuable company, selling a product that powers the global economy’s biggest investment boom, it’s become as definitive as the Fed in determining broader risk appetite.So when CEO Jensen Huang says he’s seeing something “very different” from an AI bubble, it doesn’t pay to question his assessment.After all, his thoughts about demand, and Nvidia’s better-than-expected third quarter earnings, are likely to boost the chip maker’s market value by $220 billion on Thursday alone. That’s more than that of McDonald’s, and nearly as much as Goldman Sachs’.But is he right?That’s hard to say.What Huang sees in terms of overall sales for his company’s chips and processors says a lot more about the health of Nvidia’s income statement than it does about the future of the artificial-intelligence investment boom.Investors aren’t worried about AI demand slowing down, as the companies at the heart of the infrastructure buildout have said they are going to spend billions over the coming years. And those company forecasts were nearly all firmly ahead of Wall Street’s forecasts.What they do lose sleep over, however, is whether those massive commitments, some of which are now being funded by debt as opposed to cash flow, will generate an actual profit.“Nvidia’s success doesn’t mean that valuations are appropriate across the board and that companies aren’t ‘overspending’ on a technology that will take years (or decades) to prove its worth in terms of return on investment,” said Chris Zaccarelli, CIO at Northlight Asset Management.A secondary issue is whether companies like <a href=\"https://laohu8.com/S/MSFT\">Microsoft</a>, <a href=\"https://laohu8.com/S/AMZN\">Amazon</a>, and Google parentAlphabetare buying the right chips.Nvidia plans to introduce a newer, more-efficient version of its AI-powering processors roughly every two years. Companies are projecting the useful (i.e. profitable) life of the chips they buy to be as long as six years.Nvidia said software improvements can help keep older chips relevant, with Huang noting that “the A100 GPUs we shipped six years ago are still running at full utilization today.”But the truth is that investors simply don’t know if a data center humming with 2025’s Blackwell chips in 2030 will be attractive to an AI customer when Nvidia’s 2030 processors are faster and possibly cheaper.That changes the outlook for longer-term profits from the spending we’re seeing today, and, by extension, the value of the biggest stocks themselves.And while we know that the biggest tech companies are committed to building hundreds of new data centers, we don’t know how they’re going to connect to the “real economy” customers that are meant to use their massive computing power. MIT’s now infamous study of AI deployment, published over the summer, found that 95% of the U.S. companies it looked at were extracting no value at all from rolling out tests of the new technology.If that doesn’t change, hyperscalers may find themselves sitting on hundreds of gigawatts of computing power with no useful purpose—echoing the “dark fiber” era of the early 2000s that followed the dot-com collapse.Nvidia hasn’t proposed a way out of that conundrum, either.The issue of “circular financing” in the AI space, highlighted by Nvidia’s investments in unprofitable companies—such as OpenAI and Anthropic—as well as start-ups such as Mistral and Reflection—also remains unresolved. Nvidia itself said there is “no assurance” that current deals “will be completed on expected terms.”None of this will matter to Nvidia, which will continue to lead markets higher into the end of the year and beyond. It’s an incredible business with a iconic leader who gets a great deal of support from the White House.But there wasn’t much benefit in tracking sales of shovels, pick axes, and sifting pans in order to validate the bull case for the California Gold Rush. And assuming that Nvidia sales will cement the case for the the AI revolution might be similarly flawed.</body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>One Earnings Report Can’t Erase the Stock Market’s AI Bubble Concerns</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nOne Earnings Report Can’t Erase the Stock Market’s AI Bubble Concerns\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\nDow Jones \n2025-11-21 12:00\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body>“Don’t fight the Fed” is a financial market shibboleth most investors learn at a very early stage in their career.The central bank might be wrong in its assessment of inflation pressures and the job market, but it makes the rules nonetheless. Push against it at your peril.<a href=\"https://laohu8.com/S/NVDA\">Nvidia</a> seems to occupy a similar space in the financial markets these days. As the world’s most-valuable company, selling a product that powers the global economy’s biggest investment boom, it’s become as definitive as the Fed in determining broader risk appetite.So when CEO Jensen Huang says he’s seeing something “very different” from an AI bubble, it doesn’t pay to question his assessment.After all, his thoughts about demand, and Nvidia’s better-than-expected third quarter earnings, are likely to boost the chip maker’s market value by $220 billion on Thursday alone. That’s more than that of McDonald’s, and nearly as much as Goldman Sachs’.But is he right?That’s hard to say.What Huang sees in terms of overall sales for his company’s chips and processors says a lot more about the health of Nvidia’s income statement than it does about the future of the artificial-intelligence investment boom.Investors aren’t worried about AI demand slowing down, as the companies at the heart of the infrastructure buildout have said they are going to spend billions over the coming years. And those company forecasts were nearly all firmly ahead of Wall Street’s forecasts.What they do lose sleep over, however, is whether those massive commitments, some of which are now being funded by debt as opposed to cash flow, will generate an actual profit.“Nvidia’s success doesn’t mean that valuations are appropriate across the board and that companies aren’t ‘overspending’ on a technology that will take years (or decades) to prove its worth in terms of return on investment,” said Chris Zaccarelli, CIO at Northlight Asset Management.A secondary issue is whether companies like <a href=\"https://laohu8.com/S/MSFT\">Microsoft</a>, <a href=\"https://laohu8.com/S/AMZN\">Amazon</a>, and Google parentAlphabetare buying the right chips.Nvidia plans to introduce a newer, more-efficient version of its AI-powering processors roughly every two years. Companies are projecting the useful (i.e. profitable) life of the chips they buy to be as long as six years.Nvidia said software improvements can help keep older chips relevant, with Huang noting that “the A100 GPUs we shipped six years ago are still running at full utilization today.”But the truth is that investors simply don’t know if a data center humming with 2025’s Blackwell chips in 2030 will be attractive to an AI customer when Nvidia’s 2030 processors are faster and possibly cheaper.That changes the outlook for longer-term profits from the spending we’re seeing today, and, by extension, the value of the biggest stocks themselves.And while we know that the biggest tech companies are committed to building hundreds of new data centers, we don’t know how they’re going to connect to the “real economy” customers that are meant to use their massive computing power. MIT’s now infamous study of AI deployment, published over the summer, found that 95% of the U.S. companies it looked at were extracting no value at all from rolling out tests of the new technology.If that doesn’t change, hyperscalers may find themselves sitting on hundreds of gigawatts of computing power with no useful purpose—echoing the “dark fiber” era of the early 2000s that followed the dot-com collapse.Nvidia hasn’t proposed a way out of that conundrum, either.The issue of “circular financing” in the AI space, highlighted by Nvidia’s investments in unprofitable companies—such as OpenAI and Anthropic—as well as start-ups such as Mistral and Reflection—also remains unresolved. Nvidia itself said there is “no assurance” that current deals “will be completed on expected terms.”None of this will matter to Nvidia, which will continue to lead markets higher into the end of the year and beyond. It’s an incredible business with a iconic leader who gets a great deal of support from the White House.But there wasn’t much benefit in tracking sales of shovels, pick axes, and sifting pans in order to validate the bull case for the California Gold Rush. And assuming that Nvidia sales will cement the case for the the AI revolution might be similarly flawed.</body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SG9999018865.SGD":"United Global Quality Growth Fd Cl Dist SGD-H","LU0345774631.USD":"NINETY ONE GSF AMERICAN FRANCHISE \"A\" (USD) INC","SG9999015952.SGD":"LIONGLOBAL DISRUPTIVE INNOVATION \"I\" (SGD) ACC",".IXIC":"NASDAQ Composite","LU0942090050.USD":"UBS (LUX) EQUITY SICAV - US TOTAL YIELD SUSTAINABLE \"P\" (USD) INC",".DJI":"道琼斯","LU0661504455.SGD":"Blackrock Global Equity Income A5 SGD-H","BK4602":"量子计算概念","LU0312595415.SGD":"Schroder ISF Global Climate Change Equity A Acc SGD","LU0390134368.USD":"FRANKLIN GLOBAL GROWTH \"A\" (USD) ACC","SG9999014880.SGD":"大华全球优质成长基金Acc SGD","NVDA":"英伟达","LU0823414551.USD":"BNP PARIBAS ENERGY TRANSITION \"C\" (USD) INC","SGXZ51526630.SGD":"大华环球创新基金A Acc SGD","LU0784385170.HKD":"BGF GLOBAL MULTI ASSET INCOME \"A6\" (HKDHGD) INC","LU0868494617.USD":"UBS (LUX) EQUITY SICAV - US TOTAL YIELD SUSTAINABLE \"P\" (USD) ACC","LU2404859667.USD":"FUNDSMITH EQUITY FUND \"R\" (USD) ACC","LU0203347892.USD":"SCHRODER ISF QEP GLOBAL ACTIVE VALLUE \"A\" (USD) INC AV","LU0072461881.USD":"BGF US BASIC VALUE \"A2\" ACC","LU0210536198.USD":"JPM US GROWTH \"A\" ACC","SGXZ31699556.SGD":"UGDP UNITED GLOBAL QUALITY GROWTH \"C\" (SGDHDG) ACC","LU1633808545.USD":"ALLIANZ GLOBAL EQUITY GROWTH \"AT\" (USD) ACC","LU1861127337.USD":"ALLIANZ GLOBAL MULTI ASSET SUSTAINABILITY BALANCED \"AMG\" (USD) INC","LU2237438978.USD":"Amundi Funds US Pioneer A2 (C) USD","LU2896262040.SGD":"JPM US GROWTH FUND \"A\" (SGD) ACC",".SPX":"S&P 500 Index","BK4561":"索罗斯持仓","LU0345768153.USD":"NINETY ONE GSF GLOBAL STRATEGIC MANAGED \"A\" (USD) ACC","LU1430594728.SGD":"Eastspring Investments - Global Low Volatility Equity AS SGD","LU2023250504.SGD":"Allianz Thematica Cl AMg DIS H2-SGD","LU1815336760.USD":"THREADNEEDLE (LUX) GLOBAL TECHNOLOGY \"AUP\" (USD) INC","LU1720051108.HKD":"ALLIANZ GLOBAL ARTIFICIAL INTELLIGENCE \"AT\" (HKD) ACC","IE00BMPRXR70.SGD":"Neuberger Berman 5G Connectivity A Acc SGD-H","LU0158827781.USD":" ALLIANZ GLOBAL SUSTAINABILITY \"AT\" (USD) ACC"},"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2585215922","content_text":"“Don’t fight the Fed” is a financial market shibboleth most investors learn at a very early stage in their career.The central bank might be wrong in its assessment of inflation pressures and the job market, but it makes the rules nonetheless. Push against it at your peril.Nvidia seems to occupy a similar space in the financial markets these days. As the world’s most-valuable company, selling a product that powers the global economy’s biggest investment boom, it’s become as definitive as the Fed in determining broader risk appetite.So when CEO Jensen Huang says he’s seeing something “very different” from an AI bubble, it doesn’t pay to question his assessment.After all, his thoughts about demand, and Nvidia’s better-than-expected third quarter earnings, are likely to boost the chip maker’s market value by $220 billion on Thursday alone. That’s more than that of McDonald’s, and nearly as much as Goldman Sachs’.But is he right?That’s hard to say.What Huang sees in terms of overall sales for his company’s chips and processors says a lot more about the health of Nvidia’s income statement than it does about the future of the artificial-intelligence investment boom.Investors aren’t worried about AI demand slowing down, as the companies at the heart of the infrastructure buildout have said they are going to spend billions over the coming years. And those company forecasts were nearly all firmly ahead of Wall Street’s forecasts.What they do lose sleep over, however, is whether those massive commitments, some of which are now being funded by debt as opposed to cash flow, will generate an actual profit.“Nvidia’s success doesn’t mean that valuations are appropriate across the board and that companies aren’t ‘overspending’ on a technology that will take years (or decades) to prove its worth in terms of return on investment,” said Chris Zaccarelli, CIO at Northlight Asset Management.A secondary issue is whether companies like Microsoft, Amazon, and Google parentAlphabetare buying the right chips.Nvidia plans to introduce a newer, more-efficient version of its AI-powering processors roughly every two years. Companies are projecting the useful (i.e. profitable) life of the chips they buy to be as long as six years.Nvidia said software improvements can help keep older chips relevant, with Huang noting that “the A100 GPUs we shipped six years ago are still running at full utilization today.”But the truth is that investors simply don’t know if a data center humming with 2025’s Blackwell chips in 2030 will be attractive to an AI customer when Nvidia’s 2030 processors are faster and possibly cheaper.That changes the outlook for longer-term profits from the spending we’re seeing today, and, by extension, the value of the biggest stocks themselves.And while we know that the biggest tech companies are committed to building hundreds of new data centers, we don’t know how they’re going to connect to the “real economy” customers that are meant to use their massive computing power. MIT’s now infamous study of AI deployment, published over the summer, found that 95% of the U.S. companies it looked at were extracting no value at all from rolling out tests of the new technology.If that doesn’t change, hyperscalers may find themselves sitting on hundreds of gigawatts of computing power with no useful purpose—echoing the “dark fiber” era of the early 2000s that followed the dot-com collapse.Nvidia hasn’t proposed a way out of that conundrum, either.The issue of “circular financing” in the AI space, highlighted by Nvidia’s investments in unprofitable companies—such as OpenAI and Anthropic—as well as start-ups such as Mistral and Reflection—also remains unresolved. Nvidia itself said there is “no assurance” that current deals “will be completed on expected terms.”None of this will matter to Nvidia, which will continue to lead markets higher into the end of the year and beyond. It’s an incredible business with a iconic leader who gets a great deal of support from the White House.But there wasn’t much benefit in tracking sales of shovels, pick axes, and sifting pans in order to validate the bull case for the California Gold Rush. And assuming that Nvidia sales will cement the case for the the AI revolution might be similarly flawed.","news_type":1,"symbols_score_info":{".DJI":2,".SPX":2,".IXIC":2,"NVDA":2}},"isVote":1,"tweetType":1,"viewCount":271,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"essenList":[{"id":502536096129872,"gmtCreate":1763698082939,"gmtModify":1763702224248,"author":{"id":"4097035389999120","authorId":"4097035389999120","name":"kibkibkib","avatar":"https://static.tigerbbs.com/d8a7aa26d3fe477a8cce6bc245028fff","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4097035389999120","idStr":"4097035389999120"},"themes":[],"title":"","htmlText":"Has nothing to do with AI bubble. Triggered by jobs report and crypto liquidity issue. It affects all the stocks not just AI.&nbsp;","listText":"Has nothing to do with AI bubble. Triggered by jobs report and crypto liquidity issue. It affects all the stocks not just AI.&nbsp;","text":"Has nothing to do with AI bubble. Triggered by jobs report and crypto liquidity issue. It affects all the stocks not just AI.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/502536096129872","repostId":"2585215922","repostType":2,"repost":{"id":"2585215922","kind":"highlight","weMediaInfo":{"introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"media_name":"Dow Jones","id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"pubTimestamp":1763697600,"share":"https://ttm.financial/m/news/2585215922?lang=en_US&edition=fundamental","pubTime":"2025-11-21 12:00","market":"us","language":"en","title":"One Earnings Report Can’t Erase the Stock Market’s AI Bubble Concerns","url":"https://stock-news.laohu8.com/highlight/detail?id=2585215922","media":"Dow Jones","summary":"“Don’t fight the Fed” is a financial market shibboleth most investors learn at a very early stage in their career.","content":"<html><head></head><body>“Don’t fight the Fed” is a financial market shibboleth most investors learn at a very early stage in their career.The central bank might be wrong in its assessment of inflation pressures and the job market, but it makes the rules nonetheless. Push against it at your peril.<a href=\"https://laohu8.com/S/NVDA\">Nvidia</a> seems to occupy a similar space in the financial markets these days. As the world’s most-valuable company, selling a product that powers the global economy’s biggest investment boom, it’s become as definitive as the Fed in determining broader risk appetite.So when CEO Jensen Huang says he’s seeing something “very different” from an AI bubble, it doesn’t pay to question his assessment.After all, his thoughts about demand, and Nvidia’s better-than-expected third quarter earnings, are likely to boost the chip maker’s market value by $220 billion on Thursday alone. That’s more than that of McDonald’s, and nearly as much as Goldman Sachs’.But is he right?That’s hard to say.What Huang sees in terms of overall sales for his company’s chips and processors says a lot more about the health of Nvidia’s income statement than it does about the future of the artificial-intelligence investment boom.Investors aren’t worried about AI demand slowing down, as the companies at the heart of the infrastructure buildout have said they are going to spend billions over the coming years. And those company forecasts were nearly all firmly ahead of Wall Street’s forecasts.What they do lose sleep over, however, is whether those massive commitments, some of which are now being funded by debt as opposed to cash flow, will generate an actual profit.“Nvidia’s success doesn’t mean that valuations are appropriate across the board and that companies aren’t ‘overspending’ on a technology that will take years (or decades) to prove its worth in terms of return on investment,” said Chris Zaccarelli, CIO at Northlight Asset Management.A secondary issue is whether companies like <a href=\"https://laohu8.com/S/MSFT\">Microsoft</a>, <a href=\"https://laohu8.com/S/AMZN\">Amazon</a>, and Google parentAlphabetare buying the right chips.Nvidia plans to introduce a newer, more-efficient version of its AI-powering processors roughly every two years. Companies are projecting the useful (i.e. profitable) life of the chips they buy to be as long as six years.Nvidia said software improvements can help keep older chips relevant, with Huang noting that “the A100 GPUs we shipped six years ago are still running at full utilization today.”But the truth is that investors simply don’t know if a data center humming with 2025’s Blackwell chips in 2030 will be attractive to an AI customer when Nvidia’s 2030 processors are faster and possibly cheaper.That changes the outlook for longer-term profits from the spending we’re seeing today, and, by extension, the value of the biggest stocks themselves.And while we know that the biggest tech companies are committed to building hundreds of new data centers, we don’t know how they’re going to connect to the “real economy” customers that are meant to use their massive computing power. MIT’s now infamous study of AI deployment, published over the summer, found that 95% of the U.S. companies it looked at were extracting no value at all from rolling out tests of the new technology.If that doesn’t change, hyperscalers may find themselves sitting on hundreds of gigawatts of computing power with no useful purpose—echoing the “dark fiber” era of the early 2000s that followed the dot-com collapse.Nvidia hasn’t proposed a way out of that conundrum, either.The issue of “circular financing” in the AI space, highlighted by Nvidia’s investments in unprofitable companies—such as OpenAI and Anthropic—as well as start-ups such as Mistral and Reflection—also remains unresolved. Nvidia itself said there is “no assurance” that current deals “will be completed on expected terms.”None of this will matter to Nvidia, which will continue to lead markets higher into the end of the year and beyond. It’s an incredible business with a iconic leader who gets a great deal of support from the White House.But there wasn’t much benefit in tracking sales of shovels, pick axes, and sifting pans in order to validate the bull case for the California Gold Rush. And assuming that Nvidia sales will cement the case for the the AI revolution might be similarly flawed.</body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>One Earnings Report Can’t Erase the Stock Market’s AI Bubble Concerns</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nOne Earnings Report Can’t Erase the Stock Market’s AI Bubble Concerns\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\nDow Jones \n2025-11-21 12:00\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body>“Don’t fight the Fed” is a financial market shibboleth most investors learn at a very early stage in their career.The central bank might be wrong in its assessment of inflation pressures and the job market, but it makes the rules nonetheless. Push against it at your peril.<a href=\"https://laohu8.com/S/NVDA\">Nvidia</a> seems to occupy a similar space in the financial markets these days. As the world’s most-valuable company, selling a product that powers the global economy’s biggest investment boom, it’s become as definitive as the Fed in determining broader risk appetite.So when CEO Jensen Huang says he’s seeing something “very different” from an AI bubble, it doesn’t pay to question his assessment.After all, his thoughts about demand, and Nvidia’s better-than-expected third quarter earnings, are likely to boost the chip maker’s market value by $220 billion on Thursday alone. That’s more than that of McDonald’s, and nearly as much as Goldman Sachs’.But is he right?That’s hard to say.What Huang sees in terms of overall sales for his company’s chips and processors says a lot more about the health of Nvidia’s income statement than it does about the future of the artificial-intelligence investment boom.Investors aren’t worried about AI demand slowing down, as the companies at the heart of the infrastructure buildout have said they are going to spend billions over the coming years. And those company forecasts were nearly all firmly ahead of Wall Street’s forecasts.What they do lose sleep over, however, is whether those massive commitments, some of which are now being funded by debt as opposed to cash flow, will generate an actual profit.“Nvidia’s success doesn’t mean that valuations are appropriate across the board and that companies aren’t ‘overspending’ on a technology that will take years (or decades) to prove its worth in terms of return on investment,” said Chris Zaccarelli, CIO at Northlight Asset Management.A secondary issue is whether companies like <a href=\"https://laohu8.com/S/MSFT\">Microsoft</a>, <a href=\"https://laohu8.com/S/AMZN\">Amazon</a>, and Google parentAlphabetare buying the right chips.Nvidia plans to introduce a newer, more-efficient version of its AI-powering processors roughly every two years. Companies are projecting the useful (i.e. profitable) life of the chips they buy to be as long as six years.Nvidia said software improvements can help keep older chips relevant, with Huang noting that “the A100 GPUs we shipped six years ago are still running at full utilization today.”But the truth is that investors simply don’t know if a data center humming with 2025’s Blackwell chips in 2030 will be attractive to an AI customer when Nvidia’s 2030 processors are faster and possibly cheaper.That changes the outlook for longer-term profits from the spending we’re seeing today, and, by extension, the value of the biggest stocks themselves.And while we know that the biggest tech companies are committed to building hundreds of new data centers, we don’t know how they’re going to connect to the “real economy” customers that are meant to use their massive computing power. MIT’s now infamous study of AI deployment, published over the summer, found that 95% of the U.S. companies it looked at were extracting no value at all from rolling out tests of the new technology.If that doesn’t change, hyperscalers may find themselves sitting on hundreds of gigawatts of computing power with no useful purpose—echoing the “dark fiber” era of the early 2000s that followed the dot-com collapse.Nvidia hasn’t proposed a way out of that conundrum, either.The issue of “circular financing” in the AI space, highlighted by Nvidia’s investments in unprofitable companies—such as OpenAI and Anthropic—as well as start-ups such as Mistral and Reflection—also remains unresolved. Nvidia itself said there is “no assurance” that current deals “will be completed on expected terms.”None of this will matter to Nvidia, which will continue to lead markets higher into the end of the year and beyond. It’s an incredible business with a iconic leader who gets a great deal of support from the White House.But there wasn’t much benefit in tracking sales of shovels, pick axes, and sifting pans in order to validate the bull case for the California Gold Rush. And assuming that Nvidia sales will cement the case for the the AI revolution might be similarly flawed.</body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SG9999018865.SGD":"United Global Quality Growth Fd Cl Dist SGD-H","LU0345774631.USD":"NINETY ONE GSF AMERICAN FRANCHISE \"A\" (USD) INC","SG9999015952.SGD":"LIONGLOBAL DISRUPTIVE INNOVATION \"I\" (SGD) ACC",".IXIC":"NASDAQ Composite","LU0942090050.USD":"UBS (LUX) EQUITY SICAV - US TOTAL YIELD SUSTAINABLE \"P\" (USD) INC",".DJI":"道琼斯","LU0661504455.SGD":"Blackrock Global Equity Income A5 SGD-H","BK4602":"量子计算概念","LU0312595415.SGD":"Schroder ISF Global Climate Change Equity A Acc SGD","LU0390134368.USD":"FRANKLIN GLOBAL GROWTH \"A\" (USD) ACC","SG9999014880.SGD":"大华全球优质成长基金Acc SGD","NVDA":"英伟达","LU0823414551.USD":"BNP PARIBAS ENERGY TRANSITION \"C\" (USD) INC","SGXZ51526630.SGD":"大华环球创新基金A Acc SGD","LU0784385170.HKD":"BGF GLOBAL MULTI ASSET INCOME \"A6\" (HKDHGD) INC","LU0868494617.USD":"UBS (LUX) EQUITY SICAV - US TOTAL YIELD SUSTAINABLE \"P\" (USD) ACC","LU2404859667.USD":"FUNDSMITH EQUITY FUND \"R\" (USD) ACC","LU0203347892.USD":"SCHRODER ISF QEP GLOBAL ACTIVE VALLUE \"A\" (USD) INC AV","LU0072461881.USD":"BGF US BASIC VALUE \"A2\" ACC","LU0210536198.USD":"JPM US GROWTH \"A\" ACC","SGXZ31699556.SGD":"UGDP UNITED GLOBAL QUALITY GROWTH \"C\" (SGDHDG) ACC","LU1633808545.USD":"ALLIANZ GLOBAL EQUITY GROWTH \"AT\" (USD) ACC","LU1861127337.USD":"ALLIANZ GLOBAL MULTI ASSET SUSTAINABILITY BALANCED \"AMG\" (USD) INC","LU2237438978.USD":"Amundi Funds US Pioneer A2 (C) USD","LU2896262040.SGD":"JPM US GROWTH FUND \"A\" (SGD) ACC",".SPX":"S&P 500 Index","BK4561":"索罗斯持仓","LU0345768153.USD":"NINETY ONE GSF GLOBAL STRATEGIC MANAGED \"A\" (USD) ACC","LU1430594728.SGD":"Eastspring Investments - Global Low Volatility Equity AS SGD","LU2023250504.SGD":"Allianz Thematica Cl AMg DIS H2-SGD","LU1815336760.USD":"THREADNEEDLE (LUX) GLOBAL TECHNOLOGY \"AUP\" (USD) INC","LU1720051108.HKD":"ALLIANZ GLOBAL ARTIFICIAL INTELLIGENCE \"AT\" (HKD) ACC","IE00BMPRXR70.SGD":"Neuberger Berman 5G Connectivity A Acc SGD-H","LU0158827781.USD":" ALLIANZ GLOBAL SUSTAINABILITY \"AT\" (USD) ACC"},"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2585215922","content_text":"“Don’t fight the Fed” is a financial market shibboleth most investors learn at a very early stage in their career.The central bank might be wrong in its assessment of inflation pressures and the job market, but it makes the rules nonetheless. Push against it at your peril.Nvidia seems to occupy a similar space in the financial markets these days. As the world’s most-valuable company, selling a product that powers the global economy’s biggest investment boom, it’s become as definitive as the Fed in determining broader risk appetite.So when CEO Jensen Huang says he’s seeing something “very different” from an AI bubble, it doesn’t pay to question his assessment.After all, his thoughts about demand, and Nvidia’s better-than-expected third quarter earnings, are likely to boost the chip maker’s market value by $220 billion on Thursday alone. That’s more than that of McDonald’s, and nearly as much as Goldman Sachs’.But is he right?That’s hard to say.What Huang sees in terms of overall sales for his company’s chips and processors says a lot more about the health of Nvidia’s income statement than it does about the future of the artificial-intelligence investment boom.Investors aren’t worried about AI demand slowing down, as the companies at the heart of the infrastructure buildout have said they are going to spend billions over the coming years. And those company forecasts were nearly all firmly ahead of Wall Street’s forecasts.What they do lose sleep over, however, is whether those massive commitments, some of which are now being funded by debt as opposed to cash flow, will generate an actual profit.“Nvidia’s success doesn’t mean that valuations are appropriate across the board and that companies aren’t ‘overspending’ on a technology that will take years (or decades) to prove its worth in terms of return on investment,” said Chris Zaccarelli, CIO at Northlight Asset Management.A secondary issue is whether companies like Microsoft, Amazon, and Google parentAlphabetare buying the right chips.Nvidia plans to introduce a newer, more-efficient version of its AI-powering processors roughly every two years. Companies are projecting the useful (i.e. profitable) life of the chips they buy to be as long as six years.Nvidia said software improvements can help keep older chips relevant, with Huang noting that “the A100 GPUs we shipped six years ago are still running at full utilization today.”But the truth is that investors simply don’t know if a data center humming with 2025’s Blackwell chips in 2030 will be attractive to an AI customer when Nvidia’s 2030 processors are faster and possibly cheaper.That changes the outlook for longer-term profits from the spending we’re seeing today, and, by extension, the value of the biggest stocks themselves.And while we know that the biggest tech companies are committed to building hundreds of new data centers, we don’t know how they’re going to connect to the “real economy” customers that are meant to use their massive computing power. MIT’s now infamous study of AI deployment, published over the summer, found that 95% of the U.S. companies it looked at were extracting no value at all from rolling out tests of the new technology.If that doesn’t change, hyperscalers may find themselves sitting on hundreds of gigawatts of computing power with no useful purpose—echoing the “dark fiber” era of the early 2000s that followed the dot-com collapse.Nvidia hasn’t proposed a way out of that conundrum, either.The issue of “circular financing” in the AI space, highlighted by Nvidia’s investments in unprofitable companies—such as OpenAI and Anthropic—as well as start-ups such as Mistral and Reflection—also remains unresolved. Nvidia itself said there is “no assurance” that current deals “will be completed on expected terms.”None of this will matter to Nvidia, which will continue to lead markets higher into the end of the year and beyond. It’s an incredible business with a iconic leader who gets a great deal of support from the White House.But there wasn’t much benefit in tracking sales of shovels, pick axes, and sifting pans in order to validate the bull case for the California Gold Rush. And assuming that Nvidia sales will cement the case for the the AI revolution might be similarly flawed.","news_type":1,"symbols_score_info":{".DJI":2,".SPX":2,".IXIC":2,"NVDA":2}},"isVote":1,"tweetType":1,"viewCount":271,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":502678005142000,"gmtCreate":1763732629425,"gmtModify":1763732728004,"author":{"id":"4218202694027452","authorId":"4218202694027452","name":".ac","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4218202694027452","idStr":"4218202694027452"},"themes":[],"title":"","htmlText":"Share your opinion about this news…","listText":"Share your opinion about this news…","text":"Share your opinion about this news…","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/502678005142000","repostId":"2585169373","repostType":4,"repost":{"id":"2585169373","kind":"highlight","weMediaInfo":{"introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"media_name":"Dow Jones","id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"pubTimestamp":1763718944,"share":"https://ttm.financial/m/news/2585169373?lang=en_US&edition=fundamental","pubTime":"2025-11-21 17:55","market":"other","language":"en","title":"Nvidia's Best Wasn't Enough to Prop Up a Wobbly Stock Market","url":"https://stock-news.laohu8.com/highlight/detail?id=2585169373","media":"Dow Jones","summary":"The artificial-intelligence trade is still in trouble.Blockbuster results from AI bellwether $Nvidia(NVDA)$ sparked a furious rally from Tokyo to New York early Thursday before indexes reversed...","content":"<html><head></head><body><img src=\"https://community-static.tradeup.com/news/466e510403b54c3dc634441dcd8639af\" tg-width=\"637\" tg-height=\"508\"/>The artificial-intelligence trade is still in trouble.Blockbuster results from AI bellwether <a href=\"https://laohu8.com/S/NVDA\">Nvidia</a> sparked a furious rally from Tokyo to New York early Thursday before indexes reversed course and tumbled in the largest blown gain since April&#39;s tariff-fueled market turmoil.The sharp move extended a painful stretch for the stocks at the heart of the AI boom, demonstrating how on edge investors remain over their swollen valuations and aggressive spending plans, which some fear mark signs of a bubble.Adding to the worries on Thursday: A shutdown-delayed jobs report ended a weekslong blackout on key economic data, but did little to clarify the state of the labor market and the potential for a long-debated December interest-rate cut from the Federal Reserve.For a while, investors cheered the dissipating fog, with the Nasdaq composite surging as much as 2.6%. Then tech shares slumped, driving the index to a 2.2% decline. Nvidia climbed as much as 5%, before finishing the session down 3%. Bitcoin slumped anew, to its lowest 4 p.m. level since April. The Cboe Volatility Index, known as Wall Street&#39;s &#34;fear gauge,&#34; rose around 12%.&#34;What stands out to me is the lack of any substantial shift in narrative to cause such a big shift,&#34; said Tony Roth, chief investment officer at Wilmington Trust Investment Advisors. &#34;There&#39;s just not a lot of confidence in the market right now.&#34;The S&amp;P 500 closed 1.6% lower, after initially jumping 1.9%. The Dow Jones Industrial Average swung more than 1,000 points, surrendering a more than 700-point gain and losing 0.8% to close 387 points lower.One factor behind the moves: The much-awaited release of the September jobs report, postponed during the government shutdown, showed the U.S. added 119,000 positions, beating consensus forecasts. The unemployment rate, however, unexpectedly ticked up to 4.4%.Some investors said the numbers were both stale and contradictory, giving little guidance on what to expect from a divided Fed next month.Traders had scaled back rate-cut bets when the Labor Department said October employment data wouldn&#39;t be published until mid-December, after the central bank&#39;s next meeting. That reflected investors&#39; views that policymakers would need more evidence of a weakening labor market to justify a cut.Interest-rate futures suggested investors now see a nearly 40% chance that Fed officials will cut rates in December, according to CME data. That is up from 30% on Wednesday, but down from around 99% a month ago. The yield on the 10-year Treasury note fell to 4.105% on Thursday, down from 4.132% on Wednesday.The stock selloff came after Nvidia reported a 62% increase in sales of AI data center chips and raised its guidance for the current quarter. In recent sessions, investors have punished big tech, worried that some companies are spending too much on data centers, chips and other AI infrastructure with little hope of recouping their investments soon.Investors are also increasingly jittery about how tech giants are using large and complex debt deals to finance the infrastructure build-out. The cost of swaps that protect holders against default in bonds issued by Oracle -- a big supplier of computing power to AI labs -- has jumped by nearly 50% since mid-October, according to data provider Solve.Other stocks tied to the AI trade fell, too. Micron Technology dropped 11%, extending its weekly loss to 18%. <a href=\"https://laohu8.com/S/WDCVV\">Western Digital</a> slid 8.9%, and Advanced Micro Devices retreated 7.8%.&#34;Nvidia is a leader in the market but the AI ecosystem is beyond Nvidia, &#34; said Omar Aguilar, chief investment officer at Schwab Asset Management. &#34;The credit market seems to be providing a barometer that there may be risks on the horizon.&#34;And declines in everything from industrial firms to bitcoin suggested a broad retreat from risk. At 4 p.m., the largest cryptocurrency was at $86,337, down more than 30% from a peak above $126,000 set on Oct. 6.Lonely bright spots in the market included Walmart, which rose 6.5% to lead gains in the Dow industrial and S&amp;P 500 after the largest U.S. retailer reported robust earnings and raised its annual outlook.With the corporate earnings season drawing to a close and no major economic data releases currently expected in the run-up to the Fed&#39;s meeting, the next market signposts remain unclear. That uncertainty might be encouraging large institutional investors to trim their holdings to lock in gains from earlier in the year.Individual investors also showed signs of ebbing confidence. Retail investors were net sellers of single stocks this week, unloading about $728 million-worth, the lowest level in four months, according to research by JPMorgan Chase.&#34;The market was priced for perfection and now the concerns about AI and a pause in Fed rate cutting are spreading cracks through the edifice of perfection,&#34; Wilmington Trust&#39;s Roth said.</body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Nvidia's Best Wasn't Enough to Prop Up a Wobbly Stock Market</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nNvidia's Best Wasn't Enough to Prop Up a Wobbly Stock Market\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\nDow Jones \n2025-11-21 17:55\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><img src=\"https://community-static.tradeup.com/news/466e510403b54c3dc634441dcd8639af\" tg-width=\"637\" tg-height=\"508\"/>The artificial-intelligence trade is still in trouble.Blockbuster results from AI bellwether <a href=\"https://laohu8.com/S/NVDA\">Nvidia</a> sparked a furious rally from Tokyo to New York early Thursday before indexes reversed course and tumbled in the largest blown gain since April&#39;s tariff-fueled market turmoil.The sharp move extended a painful stretch for the stocks at the heart of the AI boom, demonstrating how on edge investors remain over their swollen valuations and aggressive spending plans, which some fear mark signs of a bubble.Adding to the worries on Thursday: A shutdown-delayed jobs report ended a weekslong blackout on key economic data, but did little to clarify the state of the labor market and the potential for a long-debated December interest-rate cut from the Federal Reserve.For a while, investors cheered the dissipating fog, with the Nasdaq composite surging as much as 2.6%. Then tech shares slumped, driving the index to a 2.2% decline. Nvidia climbed as much as 5%, before finishing the session down 3%. Bitcoin slumped anew, to its lowest 4 p.m. level since April. The Cboe Volatility Index, known as Wall Street&#39;s &#34;fear gauge,&#34; rose around 12%.&#34;What stands out to me is the lack of any substantial shift in narrative to cause such a big shift,&#34; said Tony Roth, chief investment officer at Wilmington Trust Investment Advisors. &#34;There&#39;s just not a lot of confidence in the market right now.&#34;The S&amp;P 500 closed 1.6% lower, after initially jumping 1.9%. The Dow Jones Industrial Average swung more than 1,000 points, surrendering a more than 700-point gain and losing 0.8% to close 387 points lower.One factor behind the moves: The much-awaited release of the September jobs report, postponed during the government shutdown, showed the U.S. added 119,000 positions, beating consensus forecasts. The unemployment rate, however, unexpectedly ticked up to 4.4%.Some investors said the numbers were both stale and contradictory, giving little guidance on what to expect from a divided Fed next month.Traders had scaled back rate-cut bets when the Labor Department said October employment data wouldn&#39;t be published until mid-December, after the central bank&#39;s next meeting. That reflected investors&#39; views that policymakers would need more evidence of a weakening labor market to justify a cut.Interest-rate futures suggested investors now see a nearly 40% chance that Fed officials will cut rates in December, according to CME data. That is up from 30% on Wednesday, but down from around 99% a month ago. The yield on the 10-year Treasury note fell to 4.105% on Thursday, down from 4.132% on Wednesday.The stock selloff came after Nvidia reported a 62% increase in sales of AI data center chips and raised its guidance for the current quarter. In recent sessions, investors have punished big tech, worried that some companies are spending too much on data centers, chips and other AI infrastructure with little hope of recouping their investments soon.Investors are also increasingly jittery about how tech giants are using large and complex debt deals to finance the infrastructure build-out. The cost of swaps that protect holders against default in bonds issued by Oracle -- a big supplier of computing power to AI labs -- has jumped by nearly 50% since mid-October, according to data provider Solve.Other stocks tied to the AI trade fell, too. Micron Technology dropped 11%, extending its weekly loss to 18%. <a href=\"https://laohu8.com/S/WDCVV\">Western Digital</a> slid 8.9%, and Advanced Micro Devices retreated 7.8%.&#34;Nvidia is a leader in the market but the AI ecosystem is beyond Nvidia, &#34; said Omar Aguilar, chief investment officer at Schwab Asset Management. &#34;The credit market seems to be providing a barometer that there may be risks on the horizon.&#34;And declines in everything from industrial firms to bitcoin suggested a broad retreat from risk. At 4 p.m., the largest cryptocurrency was at $86,337, down more than 30% from a peak above $126,000 set on Oct. 6.Lonely bright spots in the market included Walmart, which rose 6.5% to lead gains in the Dow industrial and S&amp;P 500 after the largest U.S. retailer reported robust earnings and raised its annual outlook.With the corporate earnings season drawing to a close and no major economic data releases currently expected in the run-up to the Fed&#39;s meeting, the next market signposts remain unclear. That uncertainty might be encouraging large institutional investors to trim their holdings to lock in gains from earlier in the year.Individual investors also showed signs of ebbing confidence. Retail investors were net sellers of single stocks this week, unloading about $728 million-worth, the lowest level in four months, according to research by JPMorgan Chase.&#34;The market was priced for perfection and now the concerns about AI and a pause in Fed rate cutting are spreading cracks through the edifice of perfection,&#34; Wilmington Trust&#39;s Roth said.</body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BK4608":"AI应用概念股","LU0320765059.SGD":"FTIF - Franklin US Opportunities A Acc SGD","NVDA":"英伟达","LU0889566641.SGD":"FTSF - Templeton Shariah Global Equity A Acc SGD","LU0494093205.USD":"贝莱德ESG灵活多元资产A2 USD-H","SG9999002232.USD":"Allianz Global High Payout USD","LU0238689110.USD":"贝莱德环球动力股票基金","SG9999015358.SGD":"United Income Focus Trust Dis SGD-H","LU1267930490.SGD":"TEMPLETON GLOBAL EQUITY INCOME \"AS\" (SGD) INC A","LU0006061336.USD":"Blackrock US Small and MidCap Opportunities A2 USD","LU1267930813.SGD":"FRANKLIN TEMPLETON SHARIAH GLOBAL EQUITY \"AS\" (SGD) ACC","BK4527":"明星科技股","BK4534":"瑞士信贷持仓","SG9999001424.SGD":"United E-Commerce Fund SGD","BK4575":"芯片概念","LU2430703095.HKD":"WELLINGTON MULTI-ASSET HIGH INCOME \"AM4\" (HKD) INC","IE0004445239.USD":"JANUS HENDERSON US FORTY \"A2\" (USD) ACC","IE0004445015.USD":"JANUS HENDERSON BALANCED \"A2\" (USD) ACC","LU2430703178.SGD":"WELLINGTON MULTI-ASSET HIGH INCOME \"AM4H\" (SGDHDG) INC","IE00BJTD4V19.USD":"NEUBERGER BERMAN US LONG SHORT EQUITY \"A1\" (USD) ACC"},"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2585169373","content_text":"The artificial-intelligence trade is still in trouble.Blockbuster results from AI bellwether Nvidia sparked a furious rally from Tokyo to New York early Thursday before indexes reversed course and tumbled in the largest blown gain since April's tariff-fueled market turmoil.The sharp move extended a painful stretch for the stocks at the heart of the AI boom, demonstrating how on edge investors remain over their swollen valuations and aggressive spending plans, which some fear mark signs of a bubble.Adding to the worries on Thursday: A shutdown-delayed jobs report ended a weekslong blackout on key economic data, but did little to clarify the state of the labor market and the potential for a long-debated December interest-rate cut from the Federal Reserve.For a while, investors cheered the dissipating fog, with the Nasdaq composite surging as much as 2.6%. Then tech shares slumped, driving the index to a 2.2% decline. Nvidia climbed as much as 5%, before finishing the session down 3%. Bitcoin slumped anew, to its lowest 4 p.m. level since April. The Cboe Volatility Index, known as Wall Street's \"fear gauge,\" rose around 12%.\"What stands out to me is the lack of any substantial shift in narrative to cause such a big shift,\" said Tony Roth, chief investment officer at Wilmington Trust Investment Advisors. \"There's just not a lot of confidence in the market right now.\"The S&P 500 closed 1.6% lower, after initially jumping 1.9%. The Dow Jones Industrial Average swung more than 1,000 points, surrendering a more than 700-point gain and losing 0.8% to close 387 points lower.One factor behind the moves: The much-awaited release of the September jobs report, postponed during the government shutdown, showed the U.S. added 119,000 positions, beating consensus forecasts. The unemployment rate, however, unexpectedly ticked up to 4.4%.Some investors said the numbers were both stale and contradictory, giving little guidance on what to expect from a divided Fed next month.Traders had scaled back rate-cut bets when the Labor Department said October employment data wouldn't be published until mid-December, after the central bank's next meeting. That reflected investors' views that policymakers would need more evidence of a weakening labor market to justify a cut.Interest-rate futures suggested investors now see a nearly 40% chance that Fed officials will cut rates in December, according to CME data. That is up from 30% on Wednesday, but down from around 99% a month ago. The yield on the 10-year Treasury note fell to 4.105% on Thursday, down from 4.132% on Wednesday.The stock selloff came after Nvidia reported a 62% increase in sales of AI data center chips and raised its guidance for the current quarter. In recent sessions, investors have punished big tech, worried that some companies are spending too much on data centers, chips and other AI infrastructure with little hope of recouping their investments soon.Investors are also increasingly jittery about how tech giants are using large and complex debt deals to finance the infrastructure build-out. The cost of swaps that protect holders against default in bonds issued by Oracle -- a big supplier of computing power to AI labs -- has jumped by nearly 50% since mid-October, according to data provider Solve.Other stocks tied to the AI trade fell, too. Micron Technology dropped 11%, extending its weekly loss to 18%. Western Digital slid 8.9%, and Advanced Micro Devices retreated 7.8%.\"Nvidia is a leader in the market but the AI ecosystem is beyond Nvidia, \" said Omar Aguilar, chief investment officer at Schwab Asset Management. \"The credit market seems to be providing a barometer that there may be risks on the horizon.\"And declines in everything from industrial firms to bitcoin suggested a broad retreat from risk. At 4 p.m., the largest cryptocurrency was at $86,337, down more than 30% from a peak above $126,000 set on Oct. 6.Lonely bright spots in the market included Walmart, which rose 6.5% to lead gains in the Dow industrial and S&P 500 after the largest U.S. retailer reported robust earnings and raised its annual outlook.With the corporate earnings season drawing to a close and no major economic data releases currently expected in the run-up to the Fed's meeting, the next market signposts remain unclear. That uncertainty might be encouraging large institutional investors to trim their holdings to lock in gains from earlier in the year.Individual investors also showed signs of ebbing confidence. Retail investors were net sellers of single stocks this week, unloading about $728 million-worth, the lowest level in four months, according to research by JPMorgan Chase.\"The market was priced for perfection and now the concerns about AI and a pause in Fed rate cutting are spreading cracks through the edifice of perfection,\" Wilmington Trust's Roth said.","news_type":1,"symbols_score_info":{"US3Y.BOND":0.9,"US10Y.BOND":0.9,"US5Y.BOND":0.9,"US7Y.BOND":0.9,"US12M.BOND":0.9,"US2Y.BOND":0.9,"US6M.BOND":0.9,"NVDA":2,"US30Y.BOND":0.9}},"isVote":1,"tweetType":1,"viewCount":129,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"allBottom":false,"essenBottom":false}