In August, tech stocks like Super Micro, Moderna, and Intel faced volatility due to economic data, Japan's rate hike, and weak results.
In August, tech stocks faced volatility, influenced by disappointing economic data and a surprise rate hike in Japan. The worst performers in the Nasdaq-100 were Super Micro Computer, Moderna, and Intel. Super Micro struggled with profit and margin issues; Moderna cut sales guidance amid stiff competition; Intel reported weak results and eliminated its dividend. While investing in these stocks carries risks, potential breakthroughs could offer future opportunities.
September 07, 2024
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