Tech stocks continued to sell off this week, as investors dumped more megacap tech names on Thursday.
The tech-heavy Nasdaq Composite lost 0.7% Thursday after suffering its worst session since 2022 the day before.
Chip stocks drove much of the volatility, moving lower Wednesday on reports of tougher export restrictions from the U.S. Investor-favorites Nvidia and U.S.-listed shares of Taiwan Semiconductor sank more than 6% and nearly 8% during the session, respectively.
Fears of growing geopolitical tensions following comments by former U.S. President Donald Trump added to concerns.
It was also a big week for earnings, with Netflix reported earnings after the bell Thursday that beat estimates. Its shares dipped less than 1% in after hours trading.
In case you missed it, here’s a round-up of all the top analyst calls on tech stocks from CNBC Pro this week:
