Big tech is gearing up for earnings season after the Nasdaq 100โs steepest drop in three months. Investors are now eyeing underperforming sectors and small-cap stocks. All eyes are on Alphabet and Tesla to see if they can sustain growth amid economic pressures. ๐
Cathie Wood of Ark Invest has made waves by selling Tesla shares, signaling a strategic shift. Despite her bullish stance on AI and robotics, this move reflects caution as Arkโs performance lags behind the broader market.
With high valuations for stocks like Nvidia and Meta, the tech sector faces pressure to exceed market expectations. The upcoming earnings reports will be crucial in shaping investor sentiment. ๐