Agencies say U.S. tech stocks are forming a "mild bubble"

WendyCS

2024-02-28 03:24:21

COS-5,71%

Sina Financial News Asset management giant Capital Group Cos. adjusts its Holdings in U.S. technology stocks. Andy Budden, director of equity investments, said the company cut its Holdings in outperforming stocks that are creating a “mild bubble” and added to some large semiconductor stocks in addition to chip manufacturing star Nvidia. The rebalancing underscores investors’ growing skepticism about whether the tech Big Seven can replicate last year’s performance. Capital Group has sold its TSL stake for five consecutive quarters and increased its holdings in Microsoft, Meta and U.S.-listed TSMC shares in the two quarters to December.

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