Alphabet’s record plunge, Intel’s 30% collapse: tech’s brutal week of reckoning

[Abstract Urban Financial Display with Vibrant Digital Market Trends] A broad selloff in technology stocks gathered pace this week, with chipmakers, cloud computing groups, cybersecurity companies and software providers all sharply lower. Several of the sector’s biggest names lost billions of dollars in market value after reporting earnings or issuing forecasts that disappointed investors The iShares Expanded Tech-Software Sector ETF (IGV [https://seekingalpha.com/symbol/IGV]) fell 5.52% for the week, while the Dow Jones U.S. Software Index lost more than 3%. The Nasdaq Composite declined 1.95%, as of mid-day Friday.