Stocks Sell Off As More AI, Tech Fears Roil Investors; Cursor CEO on New Valuation 11/13/25

Closing Bell

CNBC

Business, News

4.8 • 118 Ratings

🗓️ 13 November 2025

⏱️ 43 minutes

🔗️ Recording | iTunes | RSS

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Summary

Stocks sold off today, especially in tech. More fears around the valuations in the AI trade hitting some high-momentum names. One bright spot: health care. Bernstein analyst Lance Wilkes breaks down his top picks. Cursor CEO Michael Truell on the company’s latest fundraise and valuation, nearly tripling in just five months. Plus, our Melissa Lee on some popular insurance schemes that offer huge savings on medications – but could put patient lives in danger.

Transcript

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0:00.0	That Belmoxi end of regulation, Bautch and Laugham, we're in the closing belt, the New York Stock Exchange,
0:04.3	women's Entrepreneurship Day organization doing the honors at the NASDAQ and stocks selling off today.
0:11.5	The Dow down more than 800, well, right about 800 points after closing at an all-time high yesterday, S&P 500,
0:19.3	down 1.5%.
0:21.1	The NASDAQ losing about 2%.
0:24.0	The Russell 2000 off by almost three.
0:26.5	Tech and consumer discretionary,
0:27.6	the worst performing sectors,
0:28.7	Nvidia and Tesla, the big driver is there.
0:31.0	Communication services also down big.
0:33.3	Disney, a big drag on the Dow following its earnings this morning.
0:36.7	More on that name coming up.
0:38.5	Oil rebounding after a big drop yesterday, and that's helping energy stocks, energy the best
0:43.5	performing group today.
0:44.8	And crypto getting crushed.
0:46.3	Bitcoin once again falling below 100,000 hitting the lowest level since May.
0:52.3	That's your scorecard on Wall Street, but winter stay late.
0:54.6	Welcome to closing about overtime. I'm John Fort. Morgan Brennan is off today.
0:58.4	Ahead applied materials earnings are due. The stock is taking a hit today along with the rest of
1:03.8	semiconductors, but it's still up 35% so far this year. Plus, health care is a bright spot on this down day,
1:09.9	and this isn't a recent development.
1:12.1	The sector's up 15% in three months. So have you missed out on this group's rebound? And
	...

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