US tech shares dropped sharply on November 19 amid worries over high AI company valuations ahead of Nvidia’s earnings report.
On November 19, US technology stocks saw significant declines as concerns over elevated artificial intelligence company valuations intensified. The Nasdaq fell 1.8% and the S&P 500 dropped 1.2%, with Nvidia sliding 3.5% and other major AI-related stocks losing around 3%. Analysts cautioned about late-cycle market risks ahead of Nvidia’s upcoming earnings release.