Jun. 26 at 10:18 PM
Most people do not realize how many tech giants are already deep bear market territory.
Tech Stocks From Record Highs:
1. Coinbase,
$COIN: -69%
2. Oracle,
$ORCL: -57%
3. Salesforce,
$CRM: -57%
4. ServiceNow,
$NOW: -56%
5. Netflix,
$NFLX: -48%
The S&P 500 won't tell you this.
From peak levels, many “tech giants” have already gone through significant valuation resets—but their fundamental stories are still evolving.
COIN reflects high beta exposure to crypto cycles. ORCL is regaining growth momentum through cloud and AI infrastructure. CRM and NOW remain core enterprise software and automation platforms. NFLX continues to strengthen its dual engine of content and advertising.
Index-level data often hides major divergence: within the same sector, some companies are in recovery mode while others are entering new growth phases.
The key is not how much they are down—but whether they can re-accelerate growth.
If you had to hold just one long-term, which would you choose?
