Is the AI Bubble Already Popping? NVDA Looks Overpriced, and Google’s Just Proved It

Alright, let’s be real here.today’s price action in the market is exactly what bulls *didn't* want to see. On what seemed like a high-volume day, a lot of stocks left behind some ugly candlesticks on the charts.

I’ve been saying for a while now that NVIDIA (NVDA) has a bubble, and Google’s Gemini 3 just gave more fuel to that fire. Why? Well, Google showed that it can create impressive LLMs (large language models) without NVIDIA chips. If other companies can follow suit, it means less reliance on NVDA, and that directly impacts their profits.

Let’s not forget, NVIDIA is 8% of the S&P 500, and if that stock gets cut in half, that’s a 4% drop off the index. We’re talking about some serious ripple effects. With all the AI bubbles floating around, I’m starting to wonder if this market’s about to get a nice little cleaning.

Another factor: The Fed. Powell came out swinging, saying he’s against a rate cut in December. The market was pricing in a nearly certain cut just weeks ago, and now it’s dropped to just 36%. A less dovish Fed is *never* good news for the market,it’s a drag on everything.

So yeah, I’m not too worried about the Fed, but AI? That’s always a fine line between bull market and bubble pop. Thoughts? Anyone else eyeing puts on NVDA or considering shorting AI stocks?