The Technology Selloff Is Getting To Be Somewhat Material

Alex Wilhelm, TechCrunch
Fri, 03/05/2021 - 9:22am

Tech stocks are getting hammered today, with previously high-flying shares of software companies taking even more damage. For a sector that has enjoyed a year in the sun, recent trading sessions have punctured a period of market adoration. It is too soon to say that the market is repricing tech stocks, but the selloff has reached the point of materiality and is therefore something we need to note. As we write, the tech-heavy Nasdaq Composite is off another 1.2% today after previous declines.

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The Technology Selloff Is Getting To Be Somewhat Material

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