Expect a 75% Technology Stocks Wipeout, Warns Strategist
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Expect a 75% technology stocks wipeout, warns strategist
Technology stocks could face a decline of as much as 75% from their peaks, according to a new warning from veteran market strategist Gareth Soloway. According to Soloway, the ongoing weakness in semiconductor and memory stocks may be an early sign of a broader correction across the sector, he said in an interview with David Lin published on July 17. The strategist said markets are beginning to look beyond the current boom in artificial intellig…
Shares of AI company SK Hynix plummeted, marking a broad sell-off in technology and AI stocks. Shares of South Korean company SK Hynix plunged more than 15% on Monday, July 13, 2026, their worst daily performance ever, following the company's listing on the Nasdaq stock exchange. This came after a 13% surge in its first trading session on Wall Street on Friday, July 10. The losses came as investors engaged in profit-taking, weighing the demand f…
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