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S&P 500 shows signs of bottoming with strong dip buying despite AI fears and earnings pressure.

10 Nov 2026, 18:41 WIB
Seeking Alpha
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Neutral
S&P 500 shows signs of bottoming with strong dip buying despite AI fears and earnings pressure.

The S&P 500 is signaling a market bottom as dip buying remains strong at key support levels following the midterm elections. Despite media-driven concerns about Nvidia and AI data center investments, market price action remains constructive, indicating bearish scenarios are unlikely unless earnings collapse. Forward earnings for the S&P 500 have dropped to three-year lows, attracting buyers who see potential for a year-end rally. Although AI capital expenditures may be delayed, a steadier investment pace could support free cash flow and earnings multiples for major tech companies in the coming years.

Nvidia shares trade at USD 166.55 on Pluang as of Nov 11, 2026 00:03 WIB, down 6.78% in one day. Despite the drop, buy orders slightly exceed sells at 55%. The stock remains near its 52-week low of USD 165.17, reflecting cautious investor sentiment amid market uncertainties.

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