The Maley Report

The Maley Report

Before the Open

Is the Current Decline in the Stock Market Really a Revaluation of the AI Industry???

Nov 21, 2025
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  • There was a lot of talk yesterday about the level of “artificial selling” in the marketplace. However, there was a lot of “artificial buying” on the way up over the past several months as well. Therefore, investors need to at least consider that this “artificial selling” is merely reversing the “artificial buying”…and thus we might not get a big rebound once this selling subsides. Maybe, just maybe, investors will want to reassess what they’re willing to pay for the future growth in the AI industry…and that will mean that a period of multiple contraction is ahead of us.

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