follow up post
There are signs of tech stabilization. Maybe more good news can follow.
This is a follow up post to https://www.stockideashq.com/posts/IuPbHZui/this-place-might-be-a-good-long-term-entry-for-tech-stocks/
Tech finally showed signs of stabilization. many stocks has bounced quite a bit since the last time I made this post. no one knows what's gonna happen to those companies in a few years but it appeared that the valuations of those companies dropped another 5-10% this quarter.
It's foreseeable that we can see more software team adoption of $crwd, $snow, $mdb, $dog, $net. also something to look into are $zs, $brze, $pd, $panw, $frog, $mndy, $gtlb, $hcp. companies use them for a lot of reasons and what I learned in the past is switching a tool is easy for a startup but not for a big company since the stack is too high there. So maybe that's why we don't have companies are ditching x for y kind of stories.
Same thing for ai stocks in the short term. Chatgpt is saying there would be a lot of demand for generative ai kind of stuff in the future. This makes companies like $nvda, $amd very valuable because they give you access to ai playground. $pltr, $snow and many are applications in the ai space and they might have a good story in the short to medium term too.
snow dropped 16% yesterday but we can see all the metrics are saying this is a growing company. If you're lucky and maybe when it drops another 10-15% it would be a good opportunity to get a little bit.
Jpow has told us they might be pausing real soon. Cramer has also suggest that you should get out of tech. Maybe this is a good time to start looking into tech opportunities. e.g. $nvda.
good luck investing.
