Earlier this month, we asked The Information’s readers how they felt conditions for tech companies would change over the next six months. The results surprised us: Equal numbers of people thought conditions would improve and worsen. That sentiment was less optimistic than we’d seen during the summer and broke a trend of progressively sunnier outlooks since March. We wondered: What gives?
The results are less surprising when compared with the recent performance of technology stocks. The Nasdaq-100 Technology Sector Index (NDXT), which tracks a basket of almost 40 companies including Apple, Adobe, Meta Platforms and Nvidia, peaked on Sept. 5 and has been declining this month, after having risen most of the year.
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