Big Tech stocks just suffered a sharp sell-off that has pushed the Nasdaq 100 into correction territory, down 11% from its October peak amid AI spending concerns and geopolitical tensions from the escalating conflict in Iran.

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	Forwarded this email? Subscribe here for more Big Tech stocks rout flashing clear turnaround signals as Nasdaq 100 enters correction MacDailyNews Mar 30   READ IN APP   Big Tech stocks just suffered a sharp sell-off that has pushed the Nasdaq 100 into correction territory, down 11% from its October peak amid AI spending concerns and geopolitical tensions from the escalating conflict in Iran. However, the brutal decline is now flashing classic oversold signals and valuation compression that historically have marked major buying opportunities for the sector. Alexandra Semenova for Bloomberg News: ‎ After an 11% slide from its last record in October, the tech-focused gauge now trades at 21 times projected 12-month earnings, just 1.7 points above that of the S&P 500 Index. A gap that narrow has appeared only a quarter of the time during the aftermath of the dot-com bust at the turn of the century, data compiled by Bloomberg show. The last time the index’s valuation premium to the broader market was this low, the Nasdaq 100 proceeded to outperform the S&P 500 by the most in a year. Of course, the economic uncertainty created by the Iran war is threatening to render mute many trusted market signals of the past, and only time will tell if that’s the case with this one. Still, Big Tech’s time-honored history of leading the market and being its profit engine has many Wall Street strategists studying the oversold signals piling up and recommending the sector as the best place to be. “The correction in tech is a positive and will create a buying opportunity within the group,” said Michael O’Rourke, chief market strategist at Jonestrading Institutional Services LLC. “Investors should use it to be selective stock pickers in the companies where they have greater confidence.” A number of other Wall Street pros have been circling beaten-down tech stocks for bargains, including Christopher Harvey at CIBC Capital Markets. He pointed to tech behemoths including Alphabet Inc., Apple Inc., Nvidia Corp. and Palantir Technologies Inc. Wells Fargo Securities LLC’s Ohsung Kwon expects imminent outperformance for the Nasdaq 100 and mega-cap tech shares. ‎ MacDailyNews Take: Dare we hope for sub-$240? Anything in the $250s (or, dare we, below, pretty please?) is an absolute gift! – MacDailyNews, March 6, 2026 ‎ Please help support MacDailyNews — and enjoy subscriber-only articles, comments, chat, and more — by subscribing to our Substack: macdailynews.substack.com. Thank you! Support MacDailyNews at no extra cost to you by using this link to shop at Amazon. The post Big Tech stocks rout flashing clear turnaround signals as Nasdaq 100 enters correction appeared first on MacDailyNews. You're currently a free subscriber to MacDailyNews. For the full experience, upgrade your subscription. Upgrade to paid   Like Comment Restack   © 2026 MacDailyNews 548 Market Street PMB 72296, San Francisco, CA 94104 Unsubscribe