Tech stocks, once seen as safe havens, are declining due to rising Treasury yields, industry-specific issues, and legal challenges.
The S&P 500's tech sector has dropped nearly 8% since the conflict in Iran began a month ago. Megacap firms like Meta Platforms and Alphabet have seen significant losses.
Despite the downturn, analysts note tech’s rosy profit outlook and falling valuations could attract investors in a low-growth market. Tech names still carry heavy weight in major indexes, influencing the broader market's direction.