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Expect more choppy action from Big Tech stocks: Analyst

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Angelo Zino Nyheter

Market Volatility,Technology Sector

Equity markets (^DJI, ^IXIC, ^GSPC) are rebounding, with the technology sector (XLK) at the forefront. CFRA Research Senior Equity Analyst Angelo Zino joins ...

) at the forefront. CFRA Research Senior Equity Analyst Angelo Zino joins Catalysts to share his outlook on the tech market.

So Angelo today with standing talk to me about the kind of rebound that we have seen in tech stocks over the course of the last week following that sell off.So when we kind of look, you know, from the August lows, obviously, uh tech has really kind of led the way here. So with NVIDIA kind of leading the way up here, our view is we're gonna see more choppy action kind of following this kind of, um big, you know, kind of surge back up here.

And the other one is the iphone 16 cycle that those are the kind of the two product launches where we, I think you could potentially see more upside to those cons consensus estimates as far as NVIDIA, as you know, with everyone kind of eyeing the August 28th date with their earnings release.But, um, given the run up we've seen here.

 

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