Tech Stocks Flash Dot-Com Era Warning Signs as Nvidia‘s Gains Fizzle
November 24, 2025 – A wave ofโฃ caution swept through the stock market today following Nvidia’s earningsโฃ report, sparking concerns that โขthe artificial intelligence โrally may be mirroring the unsustainableโฃ exuberance of the lateโ 1990s dot-com boom. Despite exceedingโค expectations withโ its latest quarterly results โฃand CEO Jensen Huang’s claim of “off the charts” demand for its Blackwell chip, Nvidia (NVDA) saw its โinitial gains evaporate,โ closing the day in negative territory.
This reversal, coupled with a broader market shift, signals a potential peak for growth stocks and a rotation toward value investments across all market capitalizations and global markets. The โคmarket’s reaction underscores growing โanxietiesโ aboutโค valuations in theโ AI sector, reminiscent โof the โinflated prices seen โขbefore the dot-com bubble burst. Investors are now questioning whether โthe currentโ AI-driven surge is built on solid fundamentals or speculative fervor.
Nvidia’s earnings, while strong, failed to โsustain โขinvestor enthusiasm. The stock experienced aโข momentary rally beforeโ succumbing to selling pressure, aโข pattern analysts attribute to a reassessment of futureโข growth prospects. This dynamic has fueled a โdiscernible “risk-off” sentiment,โฃ prompting a sector-wide realignment as investors seek safer havens in value-oriented companies.
The shift away from growth stocks is not โฃlimited โto the U.S. market; it’s aโ global phenomenon. This widespreadโ rotation suggests a fundamental change in investor psychology, driven byโข concerns about economic headwinds and the potentialโ for interest rate adjustments. A potential Federal Reserve rate cutโฃ in decemberโ coudl briefly reignite โค”risk-on” behaviour, but experts predict any such rally wouldโ likely โbe short-lived given the underlying anxieties about inflated valuations.
