TheStreet warned in April that pricey cloud stocks would fall to earth, and it's happened. But they may have lower still to go as investors turn away from pricey high-growth tech names.
Intuitive Surgical's instruments and accessories and systems units led the way, both posting year-over-year growth of well more than 20% during the third quarter.
The tech sector has been the victim of the recent "on again, off again" rotation. That may really just mean that the group has been victimized by its own success.
