AI Valuations Face a Reset as NVDA Earnings Put the Market to the Test

Patrick Mueller says elevated AI and tech valuations could drive more market volatility, with Nvidia (NVDA) earnings serving as a key test for the broader market. He sees the pullback as more of a valuation reset than an earnings problem and favors companies producing strong profits over speculative names. Mueller also discusses Fed policy, mounting consumer and private-credit debt risks, and remains bullish on income-generating investments and energy over the long term.

Trading 360

09 Nov 2026

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