Banks Warn of Bubble as AI Darling Palantir Plunges from Record High
Market Rally Hits a Wall of Warnings After a red-hot October rally in U.S. stocks, November kicked off with a stark reality check. Last week, Wall Street’s major indexes were at all-time highs, buoyed by Big Tech earnings and surging investments in artificial intelligence reuters.com. But now top bankers are urging caution. Morgan Stanley CEO Ted Pick and Goldman Sachs chief David Solomon both warned the market may be due for a pullback, citing frothy tech valuations reuters.com. “Technology multiples are full,” Solomon observed, suggesting parts of the market have grown too exuberant. This sentiment echoes JPMorgan’s Jamie Dimon, who