"This is (not) the beginning of the end of the tech dominance, it'll turn out to be a buying opportunity,"
"A big reason for that is the top tech names, excluding Tesla, do not have challenging valuations given their growth rate, the moat around their business and their financial strength, which is unparalleled."
Major U.S. indexes opened softer as heavyweight technology and AI-linked stocks retreated, weighing on the S&P 500. Nvidia fell 1.8%, Broadcom 1%, and Palantir 1.4%, while Tesla declined 1.8% after a record high. Materials slipped about 1% as precious metal miners and silver dropped, and gold eased following recent records. Energy led gains, up roughly 1.2% alongside a near 2% rise in oil. By midmorning the Dow was down about 0.45% at 48,493.83, the S&P off about 0.42% at 6,901.26, and the Nasdaq down about 0.63% at 23,443.07. All three indexes remained on track for solid monthly gains, with the Dow and S&P poised for an eighth consecutive monthly advance and the ongoing bull market intact since October 2022.
Read at Fast Company
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