Analysis of Seeking Alpha's 'No Market Bubble' Claim & Impact on AI Stocks (Nov 2025)

On November 21, 2025, Seeking Alpha published an article titled ‘8 Reasons We’re Definitely NOT In A Bubble’ arguing current market conditions do not constitute a bubble, citing AI’s real-world applications, currency debasement, and fundamental drivers over speculation [1].

Nov21 saw partial recovery from Nov20’s sharp declines: S&P500 (+0.72%), NASDAQ (+0.50%), Dow Jones (+0.95%). However, the Tech sector (central to the article’s AI focus) underperformed with a +0.14% gain, ranking 9th out of 11 sectors [0].

Index	Nov20 Change	Nov21 Change
S&P500	-2.96%	+0.72%
NASDAQ	-4.25%	+0.50%
[0]

Ticker	1-Day Change	ROE	P/E Ratio
NVDA	-0.97%	1.04%	43.87x
MSFT	-1.32%	31.53%	33.45x
GOOGL	+3.53%	35.00%	29.15x
[2]

• Directly Impacted: NVDA, MSFT, GOOGL
• Broader Indices: S&P500, NASDAQ
• Sectors: Tech (underperforming), Healthcare (top performer as safe haven)

1. No macroeconomic data available to verify the article’s currency debasement claim.
2. Post-publication impact (Nov22 data) not yet available.

1. NVDA’s Low ROE
   : NVDA’s 1.04% ROE despite 53.01% net margin indicates potential operational inefficiencies [2].
2. High Valuations
   : AI stocks have elevated P/E ratios above historical averages, risking corrections if growth slows [2].
3. MSFT’s Recent Decline
   : MSFT’s 1-month performance (-8.80%) suggests short-term negative sentiment [2].

: This analysis provides factual context and is not investment advice.