SpaceX, Tesla, and Alphabet All Fall in a Broad Tech Rout. Should You Rebalance Your Portfolio?
Key takeaways
- James Brumley, The Motley Fool Mon, June 29, 2026 at 1:05 AM GMT+7 5 min read GOOGL SPCX MU AMZN TSLA It's been a rough past few days for many of the market's most popular tech stocks.
- Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) shares are down more than 10% from their mid-May peak.
- In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia.
James Brumley, The Motley Fool Mon, June 29, 2026 at 1:05 AM GMT+7 5 min read GOOGL SPCX MU AMZN TSLA It's been a rough past few days for many of the market's most popular tech stocks.
Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) shares are down more than 10% from their mid-May peak. Amazon (NASDAQ: AMZN) and Tesla (NASDAQ: TSLA), too. While Micron Technology (NASDAQ: MU) shot higher in response to its blowout third-quarter earnings, that red-hot move may or may not last. Even the bullishness surrounding Space Exploration Technologies' (NASDAQ: SPCX) initial public offering appears to be fading, weighing on the broad market as well. There may be more marketwide downside in store, too, now that so many artificial intelligence (AI) stocks have revealed their vulnerability.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »