Here's Why Tech Stocks Are Selling Off
Technology stocks are dropping harshly, and one analyst has a laundry list of reasons why.
The Nasdaq Composite is down 2.3% Thursday, after gaining more than 23% for the year. While tech companies are still growing profits aggressively because of their artificial intelligence capabilities, tech investors are just taking their profits.
Profit-taking, though, must be taken in context. There are risks causing people to sell.