Tech sell-off creates opportunities to buy cheaper, HSBC Wealth CIO says
The sharp sell-off in tech stocks has created opportunities to buy into profitable companies at a cheaper price, the chief investment officer of HSBC’s private bank said on Tuesday.
The tech-focused U.S. Nasdaq 100 index (.NDX), opens new tab dropped 3% on Monday, as investors fretted about the U.S. economy. It has slid 12% from a record high in July, with some investors also worried that artificial intelligence has been overhyped.
Source: REUTER