UBS downgrades big 6 tech stocks from 'overweight' to 'neutral'
Edited By WION Video Desk
Published: Apr 23, 2024, 05:50 IST | Updated: Apr 23, 2024, 05:50 IST
The earnings momentum that fueled the big six tech stocks – Apple, Amazon, Alphabet, Meta, Microsoft, and Nvidia – appears to be losing steam. That’s what the analysts at UBS predict - a significant slowdown in their earnings per share (EPS) growth. This slowdown has prompted UBS to downgrade their recommendation on these stocks from "overweight" to "neutral."
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