Business
The biggest threat to tech shares – Motley Fool Australia
Technology stocks have carried markets this year – but this single event will kill them, according to one fund manager.
Technology shares have carried the share market out of COVID-19 misery both in Australia and the US.
Investor darlings include Australia’s Afterpay Ltd(ASX: APT), which has rocketed more than 750% since March, and Tesla Inc(NASDAQ: TSLA), which surged 400% before a correction the last few days.
The Nasdaq Composite Index (NASDAQ: .IXIC) itself rose 75% since the COVID-19 trough before settling down a bit this month.
So naturally the big question on everyone’s mind is: When will the rally stop…
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