Agencies say U.S. tech stocks are forming a "mild bubble"

Sina Financial News Asset management giant Capital Group Cos. adjusts its Holdings in U.S. technology stocks. Andy Budden, director of equity investments, said the company cut its Holdings in outperforming stocks that are creating a "mild bubble" and added to some large semiconductor stocks in addition to chip manufacturing star Nvidia. The rebalancing underscores investors' growing skepticism about whether the tech Big Seven can replicate last year's performance. Capital Group has sold its TSL stake for five consecutive quarters and increased its holdings in Microsoft, Meta and U.S.-listed TSMC shares in the two quarters to December.

View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)