News Formal

BofA sees 'trouble' ahead for tech stocks despite big inflows

  • 📰 YahooFinanceCA
  • ⏱ Reading Time:
  • 12 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 8%
  • Publisher: 63%

Business News News

Business Business Latest News,Business Business Headlines

Strategists at BofA Global Research see second-half 'trouble' for technology stocks even as the sector took in its largest inflow in 10 weeks, the firm said in a note on Friday. The tech-heavy Nasdaq Composite has gained 28% this year, fueled by megacap stocks and excitement over the business potential of artificial intelligence. BofA pointed to the correlation between a surge in central bank liquidity and the Nasdaq over the past 15 years.

Soaring EV Stock Chanos Calls ‘Insane’ Is a Dangerous Short

-- VinFast Auto Ltd.’s head-scratching surge has given the money-losing electric car startup a bigger market capitalization than Citigroup Inc., with famed short seller Jim Chanos calling the stock’s valuation “insane.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 47. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

AI Won’t Save Tech Stocks From Trouble, BofA’s Hartnett SaysTechnology stocks are in trouble, with the buzz around artificial intelligence set to be overshadowed by the effects of higher-for-longer interest rates, according to Bank of America Corp. strategists.
Source: BNNBloomberg - 🏆 83. / 50 Read more »

Nasdaq rises as Nvidia sparks tech rally: Stock market news todayThe Nasdaq popped after Nvidia's earnings smashed Wall Street's expectations.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Nasdaq futures rally 1% as Nvidia's blowout results lift AI stocks(Reuters) - Futures tracking the Nasdaq 100 index jumped in the early hours of Thursday after record results from Nvidia, the world's most valuable ...
Source: SaltWire Network - 🏆 45. / 63 Read more »