David Kassir, Managing Director of Manna Wealth Management, an SEC-registered fiduciary wealth management firm, was quoted in TechRound in “Experts Comment: Was Last Week’s Tech Stock Crash a Warning Sign for Investors”, an expert roundup on the sharp sell-off in AI and Big Tech shares. David’s point was that the drop should not have come as a surprise: expectations had been baked into share prices, so any disappointment around future growth, capital spending returns or interest rates could lead investors to rethink their positions. He noted that the mega-cap companies’ balance sheets and earnings have been excellent, so the sell-off is not a sign that investor faith is crumbling, though some stocks may be overvalued. His advice to long-term investors: quality over hype, do not chase stocks, consider rebalancing, avoid being overly concentrated in one stock, sector or asset class, and keep some dry powder for the opportunities volatility creates. Read the full article on TechRound: https://techround.co.uk/artificial-intelligence/experts-comment-was-last-weeks-tech-stock-crash-a-warning-sign-for-investors/
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