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Big-Tech Stocks Lose $400 Billion — And They’re Still Expensive

  • Microsoft and Amazon forecasts signal profit estimates to fall
  • Apple is the lone big tech gainer this week after good results
Updated on

This week’s $370 billion big tech selloff amid a broader rally in the market did nothing to change the view that the stocks are still too expensive.

No big-name Wall Street types are out there declaring them cheap, and investors have actually come to see them as more dangerous rather than more attractive after the rout, irrespective of Friday’s rebound.