Nvidia, Palantir, Super Micro Computer: 고공 행진하는 주식들은 곧 멈출 수 있습니다

Despite the market’s recent volatility, Wall Street has managed to maintain its gains, with the S&P 500 Index remaining relatively stable. Investors are currently grappling with several significant issues, including the potential for a U.S. government shutdown, ongoing tensions in the Middle East, trade disputes involving the U.S., China, and India, and the impact of artificial intelligence on corporate profitability.

While many stocks have stalled because of these uncertainties, a few, especially in the technology sector, have outperformed the broader market.

A market priced to perfection

At first glance, the U.S. stock market looks strong and is trading close to record highs. Still, some analysts, including David Jaffee, founder of BestStockStrategy, warn that the market is priced for perfection. Jaffee points out that the recent rally has mostly come from a handful of AI and semiconductor stocks, which has pushed their valuations to what he calls euphoric and unsustainable levels.

Because of this trend, some professional money managers are asking if today’s top stocks could end up underperforming in the future.

Joseph M. Favorito, managing partner at Landmark Wealth Management, LLC, points out that the top five companies—Nvidia, Microsoft, Apple, Alphabet, and Amazon—now make up almost 30% of the S&P 500. This is a very high level of market concentration. Still, this does not mean these big companies are sure to crash. Favorito says markets can act irrationally for long periods, so these stocks could keep rising for a while.ring valuation, skeptical analysts

Because the market is unpredictable, it is hard to spot which top-performing stocks might fall next. Still, there are signs that some high-flying stocks could soon reverse course, and three stand out as examples.

Palantir Technologies

Palantir Technologies, a software company from Denver, Colorado, gained about 150% in 2025. Still, many market analysts doubt it can keep up this pace. Christian Harris, head analyst at Investing.co.uk, says Palantir is trading at a very high valuation—over 200 times earnings. This jump is not backed by matching earnings growth, so if the excitement around AI fades or profits drop, Palantir could be one of the first to fall.

Super Micro Computer

Super Micro Computer, another company boosted by AI demand, has also seen its stock price jump. Even with this growth, Harris calls Super Micro Computer an overrated growth star, pointing out that its profit margins are shrinking and inventory is piling up. If demand drops or costs stay high, the stock could stall or fall quickly. Jaffee agrees, adding that while Super Micro Computer is a real company with real earnings, its current price assumes it will perform perfectly for many years.