David Bahnsen's Overvaluation Claim & November 2025 Market Dip Analysis

On November 28, 2025, David Bahnsen (Bahnsen Group) stated in a CNBC interview that stocks with the largest November dips were “grotesquely over-valued” [1]. This aligns with market data showing tech-heavy indices like NASDAQ down 3.08% (Nov 3-26) [0], and the tech sector declining 4.8% in November [2]. Key stocks affected include Super Micro (SMCI: -36.8%), MicroStrategy (MSTR: -34.8%), Zscaler (ZS: -23.9%), DoorDash (DASH: -23.0%), Oracle (ORCL: -22.0%) [2].

The correction in high-growth tech stocks suggests a market re-evaluation of valuations, particularly for AI-related companies. Bahnsen’s claim highlights growing investor concern over stretched valuations in sectors that had seen significant prior gains [3].

: Overvaluation in tech/AI stocks may lead to further corrections if fundamentals do not meet elevated expectations [2]. Competitive pressures (e.g., Arista Networks’ decelerating growth) add to sector risks [2].
: The correction could present value opportunities for long-term investors if stocks stabilize at more reasonable valuations, though this requires careful analysis of underlying fundamentals [0].

• November 2025 market indices: NASDAQ (-3.08%), S&P500 (-1.01%), Dow (-0.57%) [0].
• Tech sector decline: 4.8% [2].
• Top dipping stocks: SMCI (-36.8%), MSTR (-34.8%), ZS (-23.9%), DASH (-23.0%), ORCL (-22.0%) [2].
• Bahnsen’s comment underscores overvaluation concerns in high-growth tech stocks [1].