Jun. 26 at 10:46 PM
Most people do not realize how many tech giants are already deep bear market territory.
Tech Stocks From Record Highs:
14. Alphabet,
$GOOGL: -17%
15. CrowdStrike,
$CRWD: -15%
16. Apple,
$AAPL: -14%
17. Taiwan Semiconductor,
$TSM: -12%
The S&P 500 won't tell you this.
From a drawdown perspective, these core tech names look more like cyclical digestion rather than structural breakdowns.
GOOGL continues to evolve its AI-driven search and advertising model. CRWD reflects the long-term structural demand for cybersecurity. AAPL is in a mature phase but maintains strong cash flow through its ecosystem and services. TSM remains the backbone of global semiconductor manufacturing, benefiting directly from AI chip demand.
While indexes appear stable, significant internal rotation is happening—high-quality assets are being repriced for future growth.
The key is not “how much they are down,” but “who can continue to expand their ceiling.”
Looking ahead to the next AI cycle, do you prefer GOOGL’s AI platform evolution or TSM’s manufacturing moat?
