Slump for tech stocks could open the door for tactical trades in fourth quarter, investors say

The tech trade lost some of its steam over the summer, and that could create opportunities for tactical trading in the fourth quarter, several investors told CNBC. The Nasdaq Composite rose 2.6% during the third quarter, lagging behind both the broader S & P 500 's gain of 5.5% and the small Russell 2000's jump of 8.9%. Nvidia and Microsoft , two stalwarts of the artificial intelligence trade, were down over the three-month period.

mountain Shares of Nvidia fell in the third quarter even as the broader market moved higher. Still, many investors are cautious of abandoning the tech trade completely even after a few bumpy months. "In the third quarter we definitely saw that rotation and some of the tech leaders lagging. In the month of September alone, though, it kind of reversed a bit. ...

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