10 Assets Surprisingly 10% or More Below Their 52-Week Highs
Some formerly hot assets are getting punched out as the market goes through a rough patch, with sell-offs becoming very pronounced among companies like Amazon, Alphabet, Microsoft, Nvidia, and Tesla. The average decline for this cohort relative to its 52-week high is 19.5%, according to data crunched by Yahoo Finance. The plunges in the tech sector are being driven by concerns about global demand, economic outlooks, and the impact of tariffs.
- This sell-off highlights the increasing volatility in the markets as investors reassess their portfolios and become more risk-averse.
- How will the ongoing market uncertainty impact the growth prospects of these companies, particularly in the short to medium term?