Software stocks like Salesforce, Adobe, Workday, Atlassian, and Snowflake dropped to their lowest this year despite AI optimism.
Software stocks including Salesforce, Adobe, Workday, Atlassian, and Snowflake have dropped to their lowest levels this year, despite AI optimism. The sell-off in tech sector software application and infrastructure companies may be a surprise given the strength of the semiconductor industry. A simple ETF to consider for buying the dip in the space is the Fidelity MSCI Information Technology ETF (FTEC).
June 01, 2024
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