There is a “crisis of confidence” gripping the technology sector, according to a Mizuho analyst. For that reason, investors may want to focus their attention on stocks backed by strong fundamentals.
What started as concerns about the threat of new artificial-intelligence features to traditional software companies ballooned into a selloff that hit the broader tech sector for most of the week. And while stocks bounced on Friday, Mizuho trading-desk analyst Jordan Klein noted that “former leaders” Nvidia
NVDA and Broadcom AVGO had been stagnant recently.
Tech stocks have been shaky, but these 20 companies could still see rocketing sales growth
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There is a “crisis of confidence” gripping the technology sector, according to a Mizuho analyst. For that reason, investors may want to focus their attention on stocks backed by strong fundamentals.
What started as concerns about the threat of new artificial-intelligence features to traditional software companies ballooned into a selloff that hit the broader tech sector for most of the week. And while stocks bounced on Friday, Mizuho trading-desk analyst Jordan Klein noted that “former leaders” Nvidia
NVDA and Broadcom AVGO had been stagnant recently.
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