BlackBerry CEO Shares His Thoughts on the Tech Stock Rout
Tech stocks have been routed this month on fears of regulation and trade wars. Blackberry CEO John Chen shares his thoughts on the selloff.
Big tech stocks such as Amazon (AMZN) - Get Report and Facebook (FB) - Get Report have been routed this month on fears of regulation and trade wars descending on the red-hot space.
Following a better than expected quarter on Wednesday, BlackBerry (BB) - Get Report CEO John Chen weighed in on the tech selloff.
"Given the fact the market has been in a bull market for so long, and the high-fliers have seen a really big return, I think what we are seeing is a quick knee-jerk reaction to many things going on," Chen told TheStreet. He added that the action in the stocks reflected more profit-taking than gloom on the future of tech.
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