Deep News11-21
Concerns over high valuations and risks of an AI bubble have resurfaced, potentially dragging down Asian tech and semiconductor stocks following NVIDIA's decline. Overnight, NVIDIA erased earlier gains, falling over 3%, which weighed on the S&P 500 and Nasdaq 100 indices, closing down 1.6% and 2.4%, respectively.
Doubts about the Federal Reserve's ability to cut rates next month are also growing, as recent remarks from policymakers indicate caution against easing policy prematurely.
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