Tech Stocks Tumble, These Stocks Present Buying Opportunity
AMDAMD(AMD) MarketBeat·2024-07-26 20:24

As earnings season unfolds and several mega-cap tech stocks, including members of the "Magnificent Seven," have reported, the overall market and tech sector have seen significant declines in recent weeks. The XLK technology sector ETF has dropped nearly 6% this month and is now down over 10% from its recent 52-week highs. Similarly, the broader market, represented by the SPY ETF, is down nearly 5% from its 52-week high and over 2.5% this week.Several well-known tech stocks have experienced sharp declines in ...