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Tech Stocks Plummet Amidst AI-Driven Rally
ByAinvest
Tuesday, Nov 4, 2025 3:55 pm ET1min read
Asana, Elastic, Bandwidth, Domo, and 8x8 shares plummeted due to investor caution about high valuations after an AI-driven rally. The Nasdaq fell 1.4%, with stocks such as Palantir dropping despite record quarterly results. Goldman Sachs and Morgan Stanley predict a correction in the equity markets over the next two years. Among the impacted stocks, Domo's shares are highly volatile, with 32 moves greater than 5% over the last year, and the latest move indicates a change in market perception.
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