Nov 21 AI valuations continue their reset as $LLY hits $1 Trillion in market cap

$INTU $MELI $WMT

Market

“Eli Lilly $LLY ( ▲ 1.57% ) became the first healthcare Trillion $ company as the valuation topped $1T. The company’s stock has moved up 36% on the year, on the back of its weight-loss drug Zepbound😊 😋

Indices staged a recovery, but AI stocks are still losing ground

Oracle $ORCL ( ▼ 5.66% ) , $AMD ( ▼ 1.09% ) and $PLTR ( ▼ 0.58% ) among others are still on a move much lower, with some down nearly 50% from their highs. The market valuation for some of these AI companies is getting a hard reset before the end of the year.

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