Nvidia Drops 12% in November as Wall Street Bets $8,000 S&P 500 on AI Profit Wave
Nvidia fell 12% in November 2026 while Alphabet surged 13%, ending the Nasdaq's seven-month win streak as investors questioned AI monetization timelines. Five major banks—Goldman Sachs, Morgan Stanley, Deutsche Bank, JPMorgan, and Wells Fargo—maintain bullish 2026 targets with Deutsche calling for S&P 500 at 8,000, citing AI-driven earnings growth despite strong January jobs data narrowing Fed rate-cut prospects to near zero under Powell.
ViaNews Editorial Team (Markets)•