Big Tech Traders Brace for More Swings as Selloff Turns Violent.

Investors are facing a dilemma of whether to buy technology giants at high prices or wait for a cheaper entry point. The recent selloff in the Nasdaq 100 Index has provided an opportunity for some investors to buy shares at a discount, but many are still waiting for a better opportunity. Concerns over a US recession and heavy spending on artificial intelligence have contributed to the cautious sentiment. The next positive driver for the market remains unclear, as several tech companies have already reported earnings and the next Federal Reserve meeting is not until September. While earnings results have been mixed, the majority of companies in the S&P 500 tech index have beaten earnings expectations. The Nasdaq 100 finished Monday's session down 3%, with Nvidia and Apple experiencing significant declines. Valuations have come down but are still relatively high, and investors are becoming more skeptical about heavy spending on AI infrastructure. Despite the selloff, there were some positive performers, such as Advanced Micro Devices and chip equipment makers. The market remains volatile, but some investors are hopeful that certain factors will improve and bring investors back into the market. [Extracted from the article]