More than $10 billion enters Nasdaq 100 and semiconductor ETFs as tech falls, George Noble notes

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15 min ago

More than $10 billion enters Nasdaq 100 and semiconductor ETFs as tech falls, George Noble notes — ETF inflows continue despite tech selloff

More than $10 billion was invested in Nasdaq 100 and semiconductor exchange-traded funds (ETFs) in a single week, even as the technology market declined.

George Noble described this continued buying activity as contrary to typical market bottom signals, arguing that bottoms usually form when people give up, but noted that buyers remain active.

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Noble previously highlighted sharp declines in CoreWeave, Astera Labs, and Oracle shares following his February comments on technology and AI stocks, as reported in a past article. He has also described Elon Musk as the biggest loser in elections, stating it was time to add to short positions in SPCX and TSLA in a separate report. These calls reflect his ongoing bearish stance on high-profile tech names.

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