Sellers Show Up as Tech Reaches Overbought
Are we due for some volatility? You betcha. Tech momentum seems to have hit a wall, with sellers beginning to take profits.
Are we due for some volatility? You betcha. Tech momentum seems to have hit a wall, with sellers beginning to take profits.
As tech gets long in the tooth and traders get tired of those same old extended names, are they taking advantage of other market segments?
Is our team bullish, bearish, neutralish? Well, it’s complex. So, let’s dig in and see.
By my calculus, there is three times or more downside potential than upside presently.
Tech-stock gains have pushed TSMC, Samsung and Hynix into the $1 trillion club, while SoftBank is the largest Tokyo listing by market cap.
The stock has been moving sideways since earnings. That’s not a bad thing.
I’m upping the defense as I don’t like what I see.
We missed making some money in Marvell over 2026, so here’s how I’d handle the name now, and in the longer term.
We’re being opportunistic today, but we still like the company’s long-term prospects.
Nvidia’s RTX Spark AI-focused chip will power computers using Microsoft Windows.