Tech investor Paul Meeks said he's looking to buy into the weakness surrounding tech stocks — once the correction has run its course. The S & P 500 has rallied hard for most of this year on the strength of tech stocks. But in August, the Wall Street index fell 1.8%, snapping a five-month winning streak. The tech-heavy Nasdaq Composite fell more than 2%. It's uncertain if September, a historically weak month, will be any better. But Meeks is prepared to buy the dip.
He also named some smaller-cap stocks he called "contrarian": Super Micro Computer , Harmonic and Extreme Networks . Here's what he told CNBC's " Street Signs Asia " on Friday about some of those stocks. Nvidia: Meek says the chipmaker, which has rocketed this year on the AI buzz, is "not cheap, but it's actually reasonable.
Malaysia Malaysia Latest News, Malaysia Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: CNBC - 🏆 12. / 72 Read more »