Key insights
- Big Tech stocks are experiencing a significant sell-off, with MSFT, GOOG, META, and AMZN all down, contributing to a broader market decline. Only AAPL is holding up. The sell off may be due to the software slump. This could signal further weakness in the tech sector and broader market.
Big tech is taking a significant hair cut with a lot of stocks selling off today. At the time of writing this Microsoft is down 1.5%. Google is down 3.3%. Meta is down 7.7%. Amazon is down 1.7%. A lot of these stocks too are down significantly ytd as well. The only one holding up right now is Apple. Broader market is also selling off today too.
Is anybody picking up any companies today? I have seen a lot of Reddit talk about Microsoft recently which makes sense since Microsoft has been part of the Software Slump this year as a result has taken a significant hit ytd. Any deals people are looking at?