Why are tech stocks falling
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- Srouce: From Robinhood snacks
- Tech stocks is moving into “correction” territory which means that it is falling between 10% to 20%
- If it falls below 20% then it is considered a bear market
- Some investors think that tech sector is overvalued. Raising interest rates can also be part of the reason
- Corrections are normal part of stock market, usually they are followed by growth
- Global chip shortage is hurting the car industry
- Semiconductor shortage is causing can manufacturers to slow down on the production of vehicles
- WFH is creating a high demand for electronics