Stock prices have plunged around the world, with the tech sector particularly badly affected. What should those working in the industry think?
Global markets have been a sea of red following vast selloffs of high-value tech stocks and a weakening US economy that appears to have triggered a massive economic course correction this week.
Chipmaker Nvidia’s stock price has dropped nearly 20% in the last month, while Microsoft’s has tumbled nearly 15%. Amazon is down by a fifth in the last month, while Apple has dropped by nearly 10%.
“We are getting inbounds from investors around the world asking us if this tech bull market and historic run for tech stocks is over,” says Dan Ives, managing director and senior equity research analyst at Wedbush Securities.
