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Tech Stocks Plunge as Valuation Concerns Mount

Tech Stocks Plunge as Valuation Concerns Mount

Author:

Global Cryptocurrency

Published:

2025-11-06 22:01:01

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Palantir Technologies Inc. tumbled more than 10% from its Monday high, entering correction territory as investors balked at its eye-watering 600x price-to-earnings ratio. The selloff rippled across tech-heavy indices, with the Nasdaq Composite sinking 1.9% to 23,053.99—its worst weekly performance since April.

JPMorgan analysts delivered a blunt assessment: "A great company can be a bad investment." Their verdict on Palantir's stretched valuation echoed through trading desks, with AMD dropping 7% and Nvidia, Microsoft, and Broadcom all suffering significant losses. The market's sudden aversion to premium valuations suggests a broader recalibration may be underway.

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