Tech stock sell-off does not mean the end of the bull market. Wall Street strategist: fundamentals remain strong, and a pullback may be a buying opportunity.
Zhitong Finance APP has learned that the U.S. technology sector has recently continued to face selling pressure, with artificial intelligence (AI)-related stocks especially under strain. However, Matt Orton, Chief Market Strategist at Raymond James Investment Management, believes that this round of adjustment is more like a process in which investors are re-examining technology stock valuations and growth expectations, rather than a signal that the market is about to experience a full-scale crash. Although technology stocks face short-term pressure, the industry's fundamentals remain strong, and a stock price pullback may instead create buying opportunities for investors.
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