Hedge fund manager Dan Niles sees this week's tech sell-off as confirmation the trade is in significant trouble. Niles sees the market's response to Google parent Alphabet 's quarterly results as evidence investors are getting impatient. Shares tumbled 5% on Wednesday.
"Now, I'm actually wondering if we do get a down sequential quarter at some point next year because these big, massive tech companies are admitting they're probably overbuilding right now." Niles, a former Wall Street semiconductor and computer hardware analyst, also see risks stemming from frothiness in China.
हमने इस समाचार को संक्षेप में प्रस्तुत किया है ताकि आप इसे तुरंत पढ़ सकें। यदि आप समाचार में रुचि रखते हैं, तो आप पूरा पाठ यहां पढ़ सकते हैं। और पढो: