3 High-Flying Tech Stocks Facing Valuation Concerns
Adobe(ADBE) Investor Place·2024-07-26 13:22
It’s been a hot summer for much of the country, but it’s getting frosty if you’re in the technology sector. Traders are starting to rotate out of overvalued tech stocks as they believe that lower interest rates may make some other sectors more attractive. Does that mean the tech trade is over? It wouldn’t seem so, but earnings season will be critical as traders pick winners and losers. Tesla (NASDAQ:TSLA) and Alphabet (NASDAQ:GOOG, NASDAQ:GOOGL) took down the entire tech sector even though, in the case of ...