Technology stocks have taken a

2022-08-01

Technology stocks have taken a beating this year. Many individual investors have used it as an opportunity to double down.

The Nasdaq Composite Index—home to the big tech stocks that propelled the market’s decadelong rally—has fallen 21% in 2022.

Yet many of those stocks remain the most popular among individual investors who say they are confident in a rebound and expect the companies to continue powering the economy.

In late July, purchases by individual investors of a basket of popular tech stocks hit the highest level since at least 2014, according to data from Vanda Research. The basket includes the FAANG stocks—Facebook parent Meta Platforms Inc., Amazon, Apple Inc., Netflix Inc, Alphabet Inc.. Tesla Inc., Microsoft Corp..

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

luckyone
2022-08-01
luckyone
time to buy or wait longer?...
SiFu
2022-08-01
SiFu
thanks for the update
TAN PS
2022-08-01
TAN PS
ok
Tenten
2022-08-01
Tenten
Hmm
_J_R_
2022-08-01
_J_R_
K
GXZ
2022-08-01
GXZ
k

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