Over the week, the market value of US companies closely linked to the AI boom evaporated nearly $1 trillion. Among them, the total market value of the eight most valuable AI-related companies, including Nvidia, Meta, Palantir, and Oracle, has shrunk by more than 800 billion US dollars in a single week. This situation has alerted market analysts, who have begun to question the sustainability of current high valuations. Britain's “Financial Times” pointed out that concerns about Silicon Valley technology companies being overvalued appeared this week at the same time as signs of weakness in the US labor market and declining consumer confidence. The University of Michigan consumer confidence index fell to a three-year low in November. The historic shutdown of the US federal government led to the absence of key economic data, making investors increasingly worried that the labor market may have deteriorated significantly since the end of September. Mike Zigmont of Visdom Investment Group said, “Maybe the risk of a recession is spreading right under our noses.”

Over the week, the market value of US companies closely linked to the AI boom evaporated nearly $1 trillion. Among them, the total market value of the eight most valuable AI-related companies, including Nvidia, Meta, Palantir, and Oracle, has shrunk by more than 800 billion US dollars in a single week. This situation has alerted market analysts, who have begun to question the sustainability of current high valuations. Britain's “Financial Times” pointed out that concerns about Silicon Valley technology companies being overvalued appeared this week at the same time as signs of weakness in the US labor market and declining consumer confidence. The University of Michigan consumer confidence index fell to a three-year low in November. The historic shutdown of the US federal government led to the absence of key economic data, making investors increasingly worried that the labor market may have deteriorated significantly since the end of September. Mike Zigmont of Visdom Investment Group said, “Maybe the risk of a recession is spreading right under our noses.”