Tech stocks took a hit yesterday amidst concerns about inflated valuations for AI-related companies. The S&P 500 has been on a downward trend for four days in a row, marking its longest losing streak since August. Cryptocurrency market sentiment remains fragile following Bitcoin’s plunge below $90,000 before recovering to $92,279 by the deadline. While overall crypto market capitalization saw a slight increase (1.76%), investor confidence has been significantly shaken as Bitcoin breached key support levels and average ETF costs remain high at $89,600. With Nvidia’s Q3 earnings release approaching on Wednesday, its stock has plummeted more than 10% this month. This comes amidst a surge in tech company bond issuances, raising concerns about overvalued stocks and the potential stability of AI advancements. Analysts see the AI-driven market rally leading to a period of increased investments but believe a long time will pass before profits materialize.