Tech Traders Hit Refresh as Cheap Stocks Replace High Fliers
- Best performers in first half of year trade lower since June 9
- Data processors and video-game stocks climb to front of pack
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Take a look at the U.S. tech sector today and the trauma of this month’s selloff is still visible. Peer in closer and you can detect a more subtle consequence.
It’s a shift in investor preferences within the group away from the best-known megacaps. While the year’s first-half winners continue to nurse their wounds, out of the rubble of the June 9-12 rout has risen a new vanguard of leaders.