As Stock Markets Tank Near Double-Digits, Tech Stocks Tank With Them
Stock markets around the world are experiencing a spectacular crash riding on COVID-19 investor fears, wiping out trillions of Dollars in investor wealth worldwide. Prominent indices around the world report some of the highest intra-day falls since the 2008 financial crisis. Tech stocks are hardly immune, with AMD reporting a 14.64% fall in share price settling down at 39.01 (it was over 48 right after the company's 2020 Financial Analyst Day just last week). NVIDIA is another big loser at the markets, with a 12.24% fall and 216.31 share price. Intel is right behind, with a 11.85% fall down to 45.54, and Micron Technology down 11.23% at 38.81.