Linea Mercati Interview 11/14/25
November 17, 2025Linea Mercati Interview 11/17/25
November 18, 202517 nov. 2025, 10:07 UTC−53 min read
After opening in the red, the New York Stock Exchange was trading higher on Monday, at the dawn of a week marked by the results of chip giant Nvidia in a context of growing concerns around the skyrocketing valuations of the artificial intelligence (AI) sector.
By 15:00 GMT, the Nasdaq index was up 0.62% and the broader S&P 500 index was up 0.27%. The Dow Jones was at equilibrium (-0.01%).
“All eyes are on Nvidia’s results, due on Wednesday,” Peter Cardillo of Spartan Capital Securities told AFP.
As the world’s largest capitalization and the leader of the AI race, “it will be up to the group to reverse or not reverse the negative trend that has taken hold around the sector,” the analyst added.
The US market has shown signs of concern in recent weeks, as specialists increasingly fear that some valuations have gone too fast, too high.
And the fierce competition for the development of generative AI has led the giants of the sector to multiply their capital spending, to the tune of tens or even hundreds of billions of dollars.
The market is “in a phase where technology stocks are volatile and investors are worried about a speculative bubble around AI,” said Daniel Ives of Wedbush Securities.
Nvidia was down 1.23% to $187.82 on Monday.
At the same time, the market will have to digest a series of macroeconomic indicators this week, the publication of which was delayed by the shutdown of public services from October 1 to November 12.
The September jobs report in the United States will be particularly scrutinized by investors, as it will be able to provide information on the direction favored by the U.S. central bank (Fed) at its next meeting.
Boston Fed President Susan Collins, who is voting on key rates this year, said last week that “the bar is pretty high” to consider a further easing of short-term rates, adding that she would first like to ensure that inflation decelerates “sustainably”.
Market participants are now divided on the possibility of seeing a rate cut at the institution’s next meeting in December. They were almost unanimous a month earlier.
On the bond market, the yield on ten-year US government bonds was around 4.14% compared to 4.15% at the close on Friday.
On the stock chart, Alphabet (Google’s parent company) was in demand (+5.51% to $291.65) after the announcement on Friday of a stake of about $4 billion by the conglomerate Berkshire Hathaway.
Computer and server manufacturer Dell (-4.91%) and its competitor HP (-2.96%) suffered from a poor rating from investment bank Morgan Stanley.
The streaming platform Netflix was trading in the green (+0.28% to $111.53) after an adjustment in its share price, divided by ten. For one Netflix share, investors now own ten at a discount.
Investors are awaiting the financial performance of US hypermarket giant Walmart (+0.19% to $102.68) on Thursday, which can give an idea of the level of US household consumption.
