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Tech Stocks Face Pressure Amid Sector Rotation, But Analysts Remain Bullish on AI Long-Term
Tech Stocks Face Pressure Amid Sector Rotation, But Analysts Remain Bullish on AI Long-Term
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BTCCSquare news:
Tech stocks extended their recent slump as investors rotated away from sector leaders. The Nasdaq fell nearly 1%, dragged down by declines in all Magnificent Seven components including Amazon, Apple and Nvidia. Market caution prevails ahead of Fed Chair Powell's speech and uncertainty around potential TRUMP administration policy changes.
Despite near-term volatility, UBS advises against becoming overly defensive. "We remain confident in the broader AI sector's long-term growth," analysts wrote, recommending balanced exposure across infrastructure, semiconductors and applications. Wedbush echoed this sentiment, characterizing sell-offs as buying opportunities for the resilient tech sector.
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