Magnificent seven stocks take a pounding as investors rotate into cheaper companies

  • 📰 IrishTimesBiz
  • ⏱ Reading Time:
  • 61 sec. here
  • 13 min. at publisher
  • 📊 Quality Score:
  • News: 63%
  • Publisher: 77%

Nvidia أخبار

Apple,Google,Alphabet

Nvidia alone lost over $200bn in market value on Wednesday

Investor jitters over potential chip policy changes played a part, with Nvidia alone losing more than $200 billion in market value on Wednesday.

Policy aside, a sell-off has been coming, with investors needing little reason to rotate out of expensive tech stocks and into cheaper names. Bank of America’s latest monthly fund manager survey shows 71 per cent believe the magnificent seven is the most crowded trade in global markets. This has been the case for 16 consecutive months, but the latest reading is the most extreme since October 2020. A rising number think

EY Entrepreneur of the Year profiles: From treating hair loss in men to providing e-scooters across Europe, here are some of this year’s nomineesValuation concerns had become acute. Creative Planning strategist Charlie Bilello notes the ratio of growth stocks to value stocks in the US recently hit its highest level since March 2000, the peak of the dot-com bubble.

A rotation was overdue. Thus, even as big tech stocks were tanking, US small-cap stocks were soaring, with the Russell 2000 index gaining 11.5 per cent in five sessions, resulting in it outperforming the S&P 500 by a record amount. This year has been extraordinary, a year characterised by most stocks going nowhere fast while a small number of mega-cap tech stocks – particularly Nvidia – went skyward.

لقد قمنا بتلخيص هذا الخبر حتى تتمكن من قراءته بسرعة. إذا كنت مهتمًا بالأخبار، يمكنك قراءة النص الكامل هنا. اقرأ أكثر:

 /  🏆 6. in EG
 

شكرًا لك على تعليقك. سيتم نشر تعليقك بعد مراجعته.

مصر أحدث الأخبار, مصر عناوين

Similar News:يمكنك أيضًا قراءة قصص إخبارية مشابهة لهذه التي قمنا بجمعها من مصادر إخبارية أخرى.

Nvidia is the new king of the stock marketFive years ago it wasn’t even in the top 60 stocks in the S&P 500 but the launch of ChatGPT has changed everything
مصدر: IrishTimes - 🏆 3. / 98 اقرأ أكثر »