Tech Stocks Left Out of Rally Ease Fears a Bubble Is Building
- Money-losing tech companies that surged in 2020 fall this year
- Shows investor focus on profits in shift from previous booms
Stock market information at the Nasdaq MarketSite in New York.
Photographer: Michael Nagle/BloombergTo the bubble hunters, signs of excess aren’t hard to find, with cryptocurrencies roaring back and Nvidia Corp. surging nearly 80% since the year began.
But if there’s some irrational exuberance sweeping across Wall Street, it hasn’t trickled down to one of the most speculative corners of the US stock market: unprofitable technology companies.