The Economic Times·2025-11-18 21:39Tech Stocks Performance - Major tech stocks experienced significant declines, with Nvidia falling over 1%, Amazon down 3%, and Microsoft decreasing by 2% [1][20] - The S&P 500 could potentially see an 8% to 9% decline, influenced by upcoming earnings reports and employment data [1][20] Nvidia Earnings Concerns - Nvidia's stock has dropped 9% this month ahead of its third-quarter results, raising concerns about high tech valuations and AI fundamentals [2][20] - Analysts expect Nvidia to report earnings of $1.25 per share (up 54% year-over-year) and revenue of $55 billion (up 57% year-over-year) [8][20] AI Investments and Market Sentiment - Microsoft and Nvidia are investing billions in Anthropic as part of a $30 billion AI spending deal, but this has not positively impacted tech stocks as expected [5][20] - Investors are questioning when companies will start generating real profits from AI investments, indicating that significant returns may not materialize in the near term [5][20] Home Depot Earnings - Home Depot shares declined after the company missed earnings expectations and lowered its full-year outlook [7][20] Meta Antitrust Case - Meta won an antitrust trial against the Federal Trade Commission, with the court ruling that the FTC failed to prove Meta currently holds monopoly power [9][10][20] Market Trends - 18 S&P 500 stocks reached new 52-week lows, while five stocks hit all-time highs [11][19][20] - The Russell 2000 index rose by 0.8%, contrasting with a 0.2% decline in the S&P 500, although it remains down more than 1% for the week [15][20]