Trillion-Dollar Valuations of Tech Companies Under Scrutiny

The long-awaited SpaceX initial public offering has tested the limits of modern capital markets, and it is expected to be followed by OpenAI and Anthropic. According to investor Steve Rattner, the scale of the valuations and fundraising operations is unprecedented. This situation reflects optimism about artificial intelligence on one hand, while revealing the belief that technology can transform the economy on the other. These IPOs also raise broader questions about concentration in the technology sector and whether individual investors can participate in this process. In particular, the sustainability of massive valuations and the future growth potential of these companies are being closely monitored by market participants. This is not investment advice.

📊 SPX — Piyasa Yorumu

▼ down · 60%

The headline points to growing scrutiny of high valuations in technology companies. This could create selling pressure on tech stocks, which have recently led the index's rally. Technically, while the RSI at 58 is in neutral territory, the MACD being above its signal line may be interpreted as a short-term weakening signal. The price trading above the 20-day SMA but near the 50-day SMA suggests limited upward momentum. Therefore, a short-term pullback in the index is highly probable.

RSI 14

58.0

MACD

11.54

24h Δ

0.92%

📊 NDX — Piyasa Yorumu

▼ down · 60%

The news headline points to growing scrutiny over high valuations of technology companies. This could create short-term selling pressure for a tech-heavy index like NDX. Technical indicators are sending mixed signals: RSI is neutral at 60, while MACD is positive but approaching overbought territory. Although the price remains above the 20- and 50-day moving averages, the negative sentiment from the news and potential profit-taking make a downward move more likely. Caution is advised in the short term, and support levels should be monitored.

RSI 14

60.2

MACD

123.91

24h Δ

2.43%

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