The selloff in tech stocks is shifting into overdrive

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• Tech Sell-Off: 2 Growth Stocks Investors Might Wish They'd Bought on the Dip

  The author notes many AI stocks are pulling back, with the Nasdaq-100 down 5.5% in the last week alone, and argues that broad market sell-offs have historically been followed by recoveries to new highs. Duolingo (DUOL) trades 73% below its record high, with 58.7 million daily active users (up 23%) and a target of 100 million by 2028; its price-to-sales ratio is about 6 versus a five-year average of 14.4, and its P/E is about 16.6. SentinelOne (S) reported record annual recurring revenue of $1.2 billion, up 22%, with ARR from its AI products almost tripling, and its P/S of about 6.7 compares with 10.2 to 43.3 for CrowdStrike, Palo Alto Networks and Zscaler. The author considers both companies potentially worth a long-term look if the tech sell-off intensifies.

  Yahoo Finance·23/10, 12:29▼ NVDA▼ QQQQQQNVDAartificial intelligence
• Will AI stocks rebound? A closer look at last week's tech sell-off

  Adam Johnson, portfolio manager of Bullseye American Ingenuity Fund, discussed last week's tech sell-off on The 8:30, noting that Alphabet lost nearly $500 billion in value and Intel posted its worst decline since 1982. Citing Yahoo Finance research, Johnson said a basket of the biggest AI and chip stocks has lost about $5 trillion since October 6. Over the past week, the information technology sector fell 1.8% and communication services fell 8.5%, while nine of the 11 S&P 500 sectors were in the green. Johnson said the key question is when companies will show returns on heavy AI capital spending, which is adding pressure on cash and debt. He also said he owns Applied Digital and CoreWeave and bought more of both last week.

  Yahoo Finance·02/11, 14:22• NVDA• QQQNVDAQQQartificial intelligence
• Tech stocks have made big V-shaped rebounds five times in 30 months — and now Deutsche Bank forecasts another bounce

  Equity investors' positioning in tech stocks is consistent with much slower earnings growth than the sector is actually achieving. Deutsche Bank says it is time to return to an overweight stance on the sector, as its risk-reward profile favors a group that has suddenly fallen out of favor.

  MarketWatch·02/11, 09:47▲ QQQ▲ NVDA▲ AAPL▲ GOOGLtech stocksNVDAAAPL
• Asian stocks mixed as tech sector struggles to rebound from selloffYahoo Finance·02/11, 02:42▼ QQQ▼ MSFT▼ NVDAAsiatech stocksNVDA
• Wall Street tech rout deepens on doubts over AI spending

  US tech giants' shares were battered on Friday after a week of earnings that left Wall Street questioning whether the AI spending boom is sustainable. Microsoft, Alphabet, Amazon and Meta are on track to spend more than $700 billion on capital investment this year, much of it on AI infrastructure, according to analyst estimates. Intel shares sank as much as 30 percent after a weaker-than-expected fourth-quarter revenue forecast, citing weak PC demand and manufacturing bottlenecks. Amazon shares fell after it missed third-quarter expectations, while Alphabet dropped 12 percent on Thursday, its worst day since the 2004 IPO, as search advertising weakened and one analyst called the returns on its AI investments 'not very good'. Steve Sosnick of Interactive Brokers said the tech stocks had been priced for perfection, so anything less than perfect could hurt them.

  Yahoo Finance·30/10, 14:56▼ NVDA▼ MSFT▼ QQQ▼ AAPLNVDAQQQMSFT
• Most Magnificent Seven Stocks Are in Correction or Bear Market TerritoryYahoo Finance·30/10, 14:42▼ AAPL▼ NVDA▼ QQQ▼ AMZNMagnificent SevenQQQNVDA

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  Yahoo Finance·02/11, 20:41• METAMETAsocial medialawsuits
• MercadoLibre's Next Earnings Report Could Send the Stock Soaring

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  Yahoo Finance·02/11, 20:35earningse-commerceMercadoLibre
• Nvidia, Microsoft, and JPMorgan object to OKXICE tokenized stocks

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  Yahoo Finance·02/11, 20:30• JPM• MSFT• NVDAcryptotokenized stocksNvidia
• Chip stocks are suffering from a ‘crisis of confidence’ — but things aren’t as gloomy as they seem

  Investors are concerned about whether demand for chips will be sustained over time. However, one analyst points out that large technology companies are still spending heavily.

  MarketWatch·02/11, 20:30▼ NVDAsemiconductorsNVDAAI investment
• Apple could owe iPhone owners up to $95. Here's how to claim it.

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  Yahoo Finance·02/11, 20:28Appleartificial intelligenceclass actions
• Why McGrath RentCorp Stock Was Bumping Higher Today

  McGrath RentCorp (MGRC) rose nearly 10% in late trading Monday after S&P Dow Jones Indices announced it would join the S&P SmallCap 600. The changes follow Kimberly-Clark's planned acquisition of Kenvue: Okta (OKTA) will replace Kenvue in the S&P 500, Glaukos (GKOS) will replace Okta in the S&P MidCap 400, and McGrath RentCorp will replace Glaukos in the SmallCap 600. All changes take effect before market open on Wednesday, Nov. 4. The article notes that index inclusion has little operational impact but tends to lift trading volume through index funds, and that this "index effect" is typically short-lived, so it is not enough reason on its own to trade the stock.

  Yahoo Finance·02/11, 20:27S&P 500mergers and acquisitions