The market things that tech spending is going to get hurt this year. Wall St. can see it in the stock prices of Dell (DELL), AMD (AMD), Intel (INTC), and other "big cap" techs.
Now, it is hitting the highest of the high flyers in the sector VMWare (VMW), the virtualization IPO that cause the investing world by storm. Shares are off well over 6% today and have traded down as far as $71.66. The stock was over $125 the last day of October. Almost $15 billion in market cap has disappeared since then.
VMWare makes many machines in server farms run more efficiently. But, if big business is not buying servers, it hardly matters.
Douglas A. McIntyre
“The Next NVIDIA” Could Change Your Life
If you missed out on NVIDIA’s historic run, your chance to see life-changing profits from AI isn’t over.
The 24/7 Wall Street Analyst who first called NVIDIA’s AI-fueled rise in 2009 just published a brand-new research report named “The Next NVIDIA.”
Click here to download your FREE copy.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
