My question is, when the crypto market corrects, will it spark a broader tech pullback? The big four will be fine, but lots of unprofitable tech companies will be vulnerable.
Yeah, just like the last Dot com bubble when it bursted some traditional companies didn't follow, e.g those components of Berkshire Hathaway.
My guess is AAPL, AMZN, INTC, GOOG, MSFT should all be pretty safe. Can't be said for Snap, FB, NFLX, TSLA, NVDA. I would love to see TSLA succeed though but it has lots of debts.
I'm guessing the argument is that some significant portion of the demand for NVDA parts is due to crypto mining (I don't know how significant). If you imagine that demand dying down then NVDA doesn't look as good I suppose. Their products are still good though and there was plenty of demand for them before crypto mining and speculation became a factor.
Take a look at the markets, many cryptocurrencies have corrected hard in the past couple of months. Many trade 50% below their peak price (ratio to BTC not USD) right now. Cryptocurrency markets are ruthlessly efficient
My guess is AAPL, AMZN, INTC, GOOG, MSFT should all be pretty safe. Can't be said for Snap, FB, NFLX, TSLA, NVDA. I would love to see TSLA succeed though but it has lots of debts.