Feb. 27 was a brutal day for tech stocks. Nvidia topped estimates in its fourth-quarter earnings report, but the results weren’t quite enough to overcome broader fears about a slowdown in the AI sector or weakening consumer demand due to issues like tariffs, government budget cuts, and inflation. At that level, the Nasdaq is down more than 8% from its peak closing value of 20,173.89 on Dec. 16, meaning that the index is on the verge of a correction, typically defined as a drop of 10% or more from a recent closing peak.Read More
3 Tech Stocks I’m Buying if the Nasdaq Enters a Correction
