Edward Meir's Week in Review for AMU: Nov. 9, 2025

US equity markets were rattled this past week on a valuation “reassessment” setting in with respect to the massive AI spending taking place so far this year. The Wall Street Journal reported over the weekend that “Silicon Valley’s largest companies are planning to spend $400 billion on AI this year and even more next year.” It raises legitimate questions about whether the field is getting too crowded, whether valuations are too stretched, and whether revenues can keep pace with enormous spending.

In addition, exotic forms of debt (mostly unregulated) are springing up in pockets of the credit markets to finance this expansion. Some are betting that things have gone too far. Investor Michael Burry (of “The Big Short Fame”) has been buying puts on recent high flyers like Nvidia and Palantir. Both fell sharply last week. A number of other Wall Street analysts, including those at Goldman Sachs and JP Morgan, also warned of more selling to come.

Edward Meir

Edward brings more than a decade of hands-on experience in physical trading across aluminum, tin and scrap, paired with a deep fundamental market analysis background. His unique perspective strengthens AMU’s mission to deliver sharper insight, clearer context, and actionable intelligence for professionals across the aluminum value chain.