BTIG says tech stocks are still broken, watch for Friday’s low to be taken out

BTIG sees some bad news ahead for investors. If history is any guide, the investment bank says last Friday's stock market rout is likely to be repeated. A violent sell-off in the chip sector last Friday drove down the Nasdaq Composite by 4.18%, the largest single-day decline for the technology-dominated index since April 2025. The exact catalyst for the pullback was hazy, although some investors pointed to disappointment in Broadcom 's failure to raise its AI chip outlook last week. …