Big Tech stocks the likes of Apple (AAPL), Amazon (AMZN), and Nvidia (NVDA) could be overdue for a correction after continuous growth in the S&P 500. Federated Hermes Chief Equity Strategist Phil Orlando joins Yahoo Finance Live to share his outlook on tech valuations obstructing growth in other sectors. 'Nvidia is sort of the poster child of this imbalance,' Orlando explains, adding: 'The stock has gone up by a multiple of five times [since October]. From a valuation perspective. they're trading at something like 40 times forward revenues and 130 times forward earnings. That, in our view, is excessive, and it's reminiscent of what the tech stocks did in that fourth quarter of 1999 as we were going into the Y2K calendar changeover.' Orlando notes valuation shifts could open up opportunities for value and small-cap stocks.
Check out these funny Subway photos that will put a smile on your face and make you want to get out that family photo album.If you'd bought $10,000 worth of Shopify Inc stock at its IPO date and held to today, you'd have $250,000. The post 1 Magnificent Stock That Turned $10,000 Into $250,000 appeared first on The Motley Fool Canada. -- Apple Inc.
shares fell almost 3% Thursday, wiping out nearly $200 billion of market value in just two days, as China plans to expand a ban on the use of iPhones to government-backed agencies and state companies.
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