Why Many Tech Stocks Tumbled on Thursday
Thursday wasn't a banner day for tech stocks, with many of them tumbling along with the general dynamic of the market. Among the tumblers were some famous names and several up-and-comers.
Both listed stocks of Google parent (NASDAQ: GOOG)(NASDAQ: GOOGL) lost nearly 2% of their value, while social media giant Meta Platforms (NASDAQ: META) declined by 1.5%. Hardware specialist Super Micro Computer (NASDAQ: SMCI) and leading artificial intelligence (AI) developer C3.ai (NYSE: AI) also fell, by 4.9% and 3.6%, respectively.
There was little news specific to any of these companies -- or to publicly traded businesses throughout the tech sector, broadly speaking -- to push their share prices down.
Source Fool.com
Alphabet Inc. A Stock
€160.96
1.540%
The stock is an absolute favorite of our community with 82 Buy predictions and no Sell predictions.
As a result the target price of 164 € shows a slightly positive potential of 1.89% compared to the current price of 160.96 € for Alphabet Inc. A.
