written by reader What happened to Tech on Friday

by backoffice | June 12, 2017 12:13 am

$AMD, $STM, $NVDA, $SHOP all took a hit?

Source URL: https://sgumdev.stockgumshoe.com/2017/06/microblog-what-happened-to-tech-on-friday/


guest

12345

This site uses Akismet to reduce spam. Learn how your comment data is processed.

3 Comments
Inline Feedbacks
View all comments
Upendra
Upendra
5 years ago

is STM the company which promises to be the next “A Technology Projected to Surge $19 Trillion” according to Eagle Financial Report…?

👍 1
Travis Johnson, Stock Gumshoe
Admin
Reply to  Upendra

Haven’t seen that from Eagle Financial specifically, but $19 trillion is a number that’s often thrown around for the “Internet of Things” market potential.

👍 15112
Travis Johnson, Stock Gumshoe
Admin

It was a snowball effect of “caution” statements from a bunch of investment banks and analysts, as far as I can tell — mostly analysts and strategists saying that the big tech stocks had become a “crowded trade” and reminding people that Amazon, Alphabet, Apple, etc. have moved too far, too fast. There were also a few individual company analysts saying cautious things, though not a lot of actual downgrades — and Andrew Left called a top in NVDA and said it was headed back to $130 (which is a boldly precise call, the stock was below $130 just a month ago), among other punditry jumping aboard the “tech is expensive” bandwagon.

Add a Topic
3741
Add a Topic
34
Add a Topic
4341
👍 15112