Analysis:Slumping US tech stocks tempt some buyers to brave rocky market

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Analysis:Slumping US tech stocks tempt some buyers to brave rocky market - Channel News Asia

Quick Summary:

NEW YORK : Investors are tiptoeing back into shares of U.S.tech stocks following a sharp tumble, even as some still-elevated valuations threaten to punish dip buyers if markets stumble again.

He has started adding to some tech positions in recent days after paring holdings in companies including Nvidia, Broadcom and Amazon.com at the start of July.

Global hedge funds went on their largest one-day buying spree in five months on Monday, in the midst of a sell-off in which the S&P 500 fell by as much as 4.25 per cent, Goldman Sachs said in a note to clients earlier this week.