Earn Your Leisure – Investor Daily: Are Tech Stocks Overvalued? & Why is Everything Falling...

Release Date: November 18, 2025
Hosts: Rashad Bilal & Troy Millings
Podcast: Earn Your Leisure (iHeartPodcasts)

Overview

In this episode, Rashad Bilal, Troy Millings, and their guest market experts dive deep into a pressing question: Are tech stocks overvalued, and why are markets seeing a pullback? Drawing parallels to the dot-com boom-and-bust era, the conversation explores crucial issues impacting the market such as overvaluation—especially in tech and AI sectors—profit taking, and the outsized influence of companies like Nvidia. The hosts also examine the implications of market concentration, lessons from past bubbles, and what recent trends mean for the future.

Key Discussion Points & Insights

1. Market Correction & Overvaluation

• Markets Returning to Reality

  • Guest points out the market is "falling because they're coming back to the prices where they should be."

    “This is going to be the third year that we had more than 20% return in the market three years in a row…The last time that happened was in the dot-com era, ’98, ’99, 2000.” (Market Expert, 03:19)

  • Comparison to the dot-com bubble; investors are now expecting a correction, leading to profit-taking ahead of a predicted downturn.

• Current Tech Stock Valuations

  • Overvaluation especially acute in companies like Nvidia, Oracle, Palantir, etc., which have seen prices run up dramatically, sometimes beyond actual earnings performance.

    “People are panicking because they bought at levels where they shouldn’t be buying…When the front running ends, people begin to take profits.” (Market Expert, 04:30)

  • Highlighted that some investors treat Apple and Google as "the new bonds" for their stability and return profiles in a turbulent market.

2. Earnings vs. Valuations

• Sustainability of Growth

  • Hosts question whether high earnings can continue to justify stretched valuations.

    “At some point that has to decelerate…When the market is priced to perfection, perfection won’t be good enough.” (Financial Analyst, 05:35)

• Potential Pitfalls

  • Even strong reports from megacap firms might not satisfy expectations, and could trigger further re-pricing of risk.

3. Market Concentration & Systemic Risk

• Nvidia’s Outsized Role

  • The conversation often turns to Nvidia as a linchpin—success or disappointment there could ripple throughout not just tech, but the broader market.

    “If Nvidia sneezes, some companies will have pneumonia. Y’all will have covid 2.0, covid 20, right.” (Financial Analyst & Market Expert, 06:39–06:49)

  • The hosts worry about the market's reliance on a single company to drive growth, much as Apple was positioned in the past.

    “The entire US economy and stock market cannot be relying upon one company to deliver blockbuster returns to move up the GDP and defeat China.” (Market Expert, 13:06)

• Historical Parallels

  • Comparison to intense scrutiny Apple previously faced to “beat earnings and be dominant," now shifting to Nvidia.

    “This is how we used to talk about Apple…And even if it’s great, it’s not great enough. Now it’s Nvidia.” (Financial Analyst, 11:54)

4. The Broader AI & Tech Landscape

• Market Leadership Rotation
  • Rotation from Apple to Nvidia reflects ongoing changes in megacap tech leadership, but with similar concerns over overdependence and inflated expectations.

    “Even when Teal says that he’s selling out his positions…he said we’re gonna park it in two other Max Sevens.” (Financial Analyst, 12:22)

• Quantitative & Emerging Tech Weaknesses
  • Not all technology sectors are thriving; quantum computing stocks and smaller tech names have pulled back 20–46%, a sign not all boats are lifted by AI hype.

5. Looking Forward

• Critical Upcoming Earnings

  • All eyes are set on upcoming Nvidia results. The market wants to see how the company guides for the first half of 2026.

    “You’re not just talking about AI, you’re talking about infrastructure, you’re talking about cloud…What that future guidance looks like into Q1, Q2 of ’26 will be very, very important.” (Financial Analyst, 10:25)

• Perspective on Market Cycles

  • While a major crash isn’t predicted, the consensus is that “valuations have gone up pretty” and that corrections and sectoral shifts are not only natural but healthy.

Notable Quotes and Memorable Moments

• On Overvaluation and Panic

  • “People are panicking because they bought at levels where they shouldn’t be buying.”
    — Market Expert (04:30)

• On Rotation of Tech Market Leadership

  • “This is how we used to talk about Apple…And even if it’s great, it’s not great enough. Now it’s Nvidia.”
    — Financial Analyst (11:54)

• On Systemic Risk

  • “The entire US economy and stock market cannot be relying upon one company to deliver blockbuster returns…”
    — Market Expert (13:06)

• On Market Correction and Future Outlook

  • “When the market is priced to perfection, perfection won’t be good enough.”
    — Financial Analyst (05:35)

• Humorous/Relatable Analogy

  • “If Nvidia sneezes, some companies will have pneumonia. Y’all will have covid 2.0, covid 20, right.”
    — Financial Analyst & Market Expert (06:39–06:49)

Timestamps for Important Segments

• [03:19] – The setup: Why markets are falling and context from dot-com era.
• [04:30] – Are tech stocks overvalued? Specifics on Apple, Google, Nvidia, Palantir; emphasis on front-running.
• [05:35] – Earnings, valuation sustainability, and the hazard of perfection.
• [06:39] – “If Nvidia sneezes…” — systemic risk explained with humor.
• [10:25] – Anticipation for Nvidia’s upcoming earnings and future guidance.
• [11:54] – Shift from Apple to Nvidia as the market’s “savior” company.
• [13:06] – Danger of relying too heavily on a single tech company.
• [14:27] – The reality: Not all tech sectors are winning; notable pullbacks in quantum and emerging tech.

Conclusion

Summary Takeaway:
The market is recalibrating after a significant run, with tech stocks—especially in AI—showing signs of overvaluation. The hosts express concern over the market’s dependence on a handful of key players (notably Nvidia) and draw lessons from history to advise caution. While a crash isn’t imminent, selective profit-taking and a reassessment of risk are encouraged. The next phase—particularly Nvidia’s guidance for 2026—will set the tone for the sector and broader market.

For listeners who want a nuanced, insightful perspective on today’s markets, this episode offers both expert analysis and real-world analogies, underscoring how vital it is to understand not just what you invest in, but the context of market cycles and sentiment.