Did Stocks Just Stage a 'Mini Panic'—or Something Worse? What Experts Are Saying

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were saying they expect the rally will regain its footing, with some pointing to Nvidia's earnings report next Wednesday as a possible catalyst.Tech stocks have at times appeared unstoppable this year. Now they're in a rut.The tech-heavy Nasdaq Composite soared nearly 60% between April 8, when tariff uncertainty was at its highest, and Oct. 29, the index’s most recent record high. Those gains were driven mostly by the AI trade, which encompasses a variety of stocks across the technology, utilities, and industrials sectors, all of which are seen as beneficiaries of Big Tech’s behemoth AI investments.Lately, some investors have become concerned about the size of those investments, as well as when and how handsomely they’ll pay off, though not everybody is convinced that AI stocks are in a bubble. Skeptics of that narrative list Big Tech’s hugely profitable businesses, the Fed’s recent rate cuts, and the efficiency gains AI is expected to deliver as reasons to remain optimistic.AI optimism has been the driving force behind most of the stock market's gains over the past three years. Tech stocks have soared and come to account for a sizable portion of major stock indexes, making their performance vital to that of the broader market.Nonetheless, the debate has chipped away at the overwhelmingly bullish sentiment that prevailed most of this year. Here's what a selection of experts have to say about the slump and what it means for markets looking toward the end of the year.Reading between the lines, many market watchers believe there's still life in the rally -- though many offer degrees of caution, citing among other things a need to be choosy with tech stocks; the likelihood of more profit taking with stocks near highs; and the need to continue to keep an eye on earnings.Dan Ives, Managing Director and Senior Equity Research Analyst at Wedbush Securities: “In a nutshell, we view this as a short lived mini panic moment for tech stocks.... We believe Nvidia's earnings next week will be another major validation moment for the AI Revolution and be a positive catalyst for tech stocks into year-end as investors continue to underestimate the scale and scope of AI spend.”Jamie Cox, Managing Partner for Harris Financial Group: “For the vast majority of big-cap tech, the conditions for a 1990s-style tech bubble are not yet present. Markets need a Global Crossing moment, where the major private AI players hit the IPO markets, before we can start talking about equity market bubbles. For me, this is a good way to pick up the highest quality tech names on the cheap.”Terms and Privacy PolicyPrivacy & Cookie SettingsMore InfoS&P 5006,734.11 -3.38 (-0.05%)Dow 3047,147.48 -309.72 (-0.65%)Nasdaq22,900.59 +30.19 (+0.13%)Russell 20002,388.23 +5.25 (+0.22%)VIX19.83 -0.17 (-0.85%)Gold4,094.20 -100.30 (-2.39%)PortfolioSign in to access your portfolioSign inTop gainersCDTX Cidara Therapeutics, Inc. 217.71 +111.72 (+105.41%)SRRK Scholar Rock Holding Corporation 37.41 +7.34 (+24.41%)AVDL Avadel Pharmaceuticals plc 23.56 +4.32 (+22.45%)LGN Legence Corp. 40.27 +6.95 (+20.86%)CSIQ Canadian Solar Inc. 33.58 +4.96 (+17.33%)Top losersDGNX Diginex Limited 10.53 -2.97 (-22.00%)STUB StubHub Holdings, Inc. 14.87 -3.95 (-20.99%)HTFL Heartflow, Inc. 27.98 -2.96 (-9.57%)EOSE Eos Energy Enterprises, Inc. 13.80 -1.40 (-9.24%)CLSK CleanSpark, Inc. 10.96 -1.02 (-8.51%)Most activeNVDA NVIDIA Corporation 190.17 +3.31 (+1.77%)ONDS Ondas Holdings Inc. 7.18 +0.62 (+9.45%)OPEN Opendoor Technologies Inc. 8.12 -0.44 (-5.14%)TSLA Tesla, Inc. 404.35 +2.36 (+0.59%)PFE Pfizer Inc. 25.06 -0.73 (-2.83%)Earnings eventsMy earnings eventsEarnings eventsTrending tickersBTC-USD Bitcoin USD 95,740.89 -550.13 (-0.57%)ETH-USD Ethereum USD 3,196.42 +22.02 (+0.69%)XRP-USD XRP USD 2.25 -0.05 (-2.02%)SOL-USD Solana USD 141.13 -1.67 (-1.17%)BTC-CAD Bitcoin CAD 134,357.98 -772.03 (-0.57%)Top economic events