1 High-Tech ETF Down 25% You Can Buy Right Now
Thanks to a combination of factors, such as weak economic data, tariff concerns, higher-than-expected inflation, and fears about AI capital expenditures, the stock market has been beaten down in recent months. And while the overall market has taken a hit, the tech-heavy Nasdaq has been the worst performer of the major indices, with the Nasdaq Composite nearly 15% below its recent high.Financial technology, or fintech, has been beaten down even worse. In addition to the general market factors mentioned above, there are some that have weighed heavily on fintech stocks, such as fears of slower consumer spending and worries about profit margins for certain types of fintech businesses.Just to name a few, leading e-commerce platform Shopify (NYSE: SHOP) is down 26% since mid-February. Payment disruptor Block (NYSE: XYZ) is down by 42% from its 2025 peak after a weaker-than-expected earnings report. And online-based bank SoFi (NASDAQ: SOFI) has fallen 35% since its January high. I could go on, but you get the idea.Continue reading
Thanks to a combination of factors, such as weak economic data, tariff concerns, higher-than-expected inflation, and fears about AI capital expenditures, the stock market has been beaten down in recent months. And while the overall market has taken a hit, the tech-heavy Nasdaq has been the worst performer of the major indices, with the Nasdaq Composite nearly 15% below its recent high.
Financial technology, or fintech, has been beaten down even worse. In addition to the general market factors mentioned above, there are some that have weighed heavily on fintech stocks, such as fears of slower consumer spending and worries about profit margins for certain types of fintech businesses.
Just to name a few, leading e-commerce platform Shopify (NYSE: SHOP) is down 26% since mid-February. Payment disruptor Block (NYSE: XYZ) is down by 42% from its 2025 peak after a weaker-than-expected earnings report. And online-based bank SoFi (NASDAQ: SOFI) has fallen 35% since its January high. I could go on, but you get the idea.
