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Nasdaq Dips 2.2% Amid AI Woes; Eli Lilly Hits $1T

11/23/2025

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Summary

Story summary

The Nasdaq 100 fell 2.2% on November 20, its worst day in over a month as tech stocks slid.
Concerns about inflated AI valuations and a mixed jobs report added to uncertainty.
Bitcoin fell to nearly $80,000, down over 35% from last month’s highs.
Eli Lilly and Company became the first pharmaceutical company to surpass a $1 trillion valuation, buoyed by demand for its diabetes and obesity drugs.

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Story summary

The Nasdaq 100 fell 2.2% on November 20, its worst day in over a month as tech stocks slid.
Concerns about inflated AI valuations and a mixed jobs report added to uncertainty.
Bitcoin fell to nearly $80,000, down over 35% from last month’s highs.
Eli Lilly and Company became the first pharmaceutical company to surpass a $1 trillion valuation, buoyed by demand for its diabetes and obesity drugs.