AI bubble concerns impact US stock market performance, putting pressure on Nvidia's profits.

According to ChainCatcher, citing Jinshi, analyst Adam Button stated that today's US stock market performance did not meet bullish expectations, with many stocks leaving ugly candlestick patterns on their charts. He pointed out that Nvidia is in a bubble, further validated by the performance of Google's Gemini 3, indicating that other companies can also manufacture large language models without Nvidia chips, which could reduce Nvidia's profits. Nvidia accounts for 8% of the S&P 500 index, and halving its value would directly reduce it by 4 percentage points. Furthermore, the Federal Reserve's stance also influenced the market; Powell opposed a December rate cut, and market expectations for a rate cut have fallen to 36%.