[Source article]( https://finance.yahoo.com/video/tech-stocks-lose-over-1-132958166.html)
> techs mega caps have shed more than $1 trillion in value over just three trading sessions since the Fed announced its rate hike last Wednesday. Apple, Microsoft, Tesla, Amazon, Alphabet, Nvidia, and Meta all lost billions in value over the past three trading days, with Apple the biggest loser at $225 billion.
More room to fall. Sell in May and go away is just starting.
> JULIE HYMAN: You know-- and there are buyers in this market. They're just buying at lower prices.
> BRIAN SOZZI: I can't see them. I can't find them. If you're buying tech, please send us a tweet.
Some here might be buying tech at this time....plenty here have bad timing and others like to bag hold or just throw money away.
> BRIAN SOZZI: You know what terrifies me? If you look at Netflix, down, what, 70% year-to-date or so. Has it priced in a recession yet? Because-- are they going-- is it going to get cut in half again? It's unclear. I mean, what if we do get a recession in this country? Do you certainly now-- do you now see Netflix trading at a single-digit price-to-earnings multiple? It's about market multiples.
