Clouded Visions: 3 Tech Stocks That Might Not Live Up to Their Promises | Markets

Skull Technology Hardware Tech Stocks 1600.jpg


Amidst the relative calm on Wall Street, including the S&P 500 inching forward, the potential bubble in tech stocks poses a challenge for investors. The cooler-than-expected jobs report and a retreating bond market indicate that the Fed’s hawkish stance may soften. Hence, it becomes imperative for savvy investors to look at tech stocks to sell to optimize their portfolios.

Therefore, before the market writes its next chapter, a discerning look at your tech holdings could prove to be imperative. Hence, in this nuanced shift in market dynamics, let’s explore three tech stocks to offload from your portfolio.

Wipro (WIT)

Source: Sarah Holmlund /

Wipro (NYSE:WIT) straddles a relatively fine line in the tech sphere, boasting AI offerings and a powerful strategic base in India’s growing economy. The company’s forte lies in staffing IT talent adept in the programming of AI language models.

However, the swift pace of AI evolution threatens to outmode Wipro’s services. Though the firm exhibits stable sales and earnings, actual growth in these realms is stagnant.

Wipro’s latest financials hardly exude any confidence, with its Q2 GAAP EPS of six cents falling short by a penny. Furthermore, the company’s top-line declined in value to $2.71 billion, missing by $40 million estimates, painting a somber picture. Forward-looking into the third quarter, Wipro projects a downturn. The IT Services business segment revenue may potentially dip by 1.5% to 3.5% in constant currency terms.

Coinbase Global (COIN)

Source: Sergei Elagin /

Coinbase Global’s (NASDAQ:COIN) recent performance, with a sharp uptick surpassing 151% year to date (YTD), has many on Wall Street taking notice. However, the glow of its rapid bump in…

read more

FTC: We use income earning affiliate links. More on Sposored links.
Terms of use and third-party services. More here.

“The adventure of life is to learn. The purpose of life is to grow. The nature of life is to change. The challenge of life is to overcome. The essence of life is to care. The opportunity of like is to serve. The secret of life is to dare. The spice of life is to befriend. The beauty of life is to give.” —William Arthur Ward

Related Posts