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Be Careful, Tech Isn’t as Resilient as it Looks

Be Careful, Tech Isn't as Resilient as it Looks

(San Francisco)

Many investors may have noticed that despite the big selloffs of the last two weeks, tech stocks have actually held up quite well. The sector is up 2.8% on the year versus an S&P 500 gain of just 0.2%. However, beware, as that number is largely an illusion. The reason why is that the vast majority of that performance comes down to Microsoft and Nvidia, which are up 5% and 20% this year.

FINSUM : The performance of tech during the recent downturn is largely an illusion, so investors need to be careful taking refuge in the sector.

  • stocks
  • tech
  • S&P 500
  • microsoft
  • resilience

    The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


    The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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