Snowflake, PagerDuty, monday.com, Oracle, and HubSpot Stocks Trade Down, What You Need To Know
Update: 2025-11-04
Description
November 4th marked a significant shift in the tech market as major stocks, including Palantir Technologies, Snowflake, PagerDuty, monday dot com, Oracle, and HubSpot, experienced a downturn. This was driven by investor caution over high company valuations, particularly in AI-related stocks. Despite Palantir's record quarterly results, its shares fell, indicating a broader change in investor sentiment. The Nasdaq, heavy with tech companies, dropped by 1.4%, reflecting a wave of market concern. Bank leaders also hinted at a potential market correction in the next couple of years, viewing the current cooling-off period as a necessary part of a strong, long-term market.
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