• Ace@feddit.uk
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    1 month ago

    “tech stocks dramatically plunge”

    clickbait nonsense, as expected from yahoo news. Some are up a bit, some are down a bit, but there’s no “dramatic plunge”. Except for oracle and maybe tesla, but that’s a story specific to them.

    Always question the source… why would a financial trading page want you to think stocks are about to plummet?

    • Photonic@lemmy.world
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      1 month ago

      Don’t forget SpaceX. I’d say $123 down from the peak of $211 is a pretty dramatic plunge

        • Blue_Morpho@lemmy.world
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          1 month ago

          The weird one with IBM is that their stock dropped after they announced they didn’t jump on the AI hype train.

          • wewbull@feddit.uk
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            1 month ago

            I’d heard it was more that they said the AI business had taken the oxygen out of the room for them. Software was getting ignored. I think everyone knew IBM wasn’t an AI player, but them saying AI had a knock on effect for them scared some.

            It’s since recovered, but it was one hell of a reaction.

          • wewbull@feddit.uk
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            1 month ago

            Yeah, they bounced and flattened out to where they were before. I think it just shows that the markets are on a hair trigger right now.