YOU WONT BELIEVE: Will tech stocks bounce back or should you sell them instead - You Need To See This

The broad-based S&P 500 Index ($SPX) is hovering near record highs, and the 30-share Dow Jones Industrial Average Index ($DOWI) closed above 50,000 for the first time earlier this week. However, tech stocks, particularly the Magnificent 7, that pretty much led the rally from the front since the March 2020 lows, tell a different tale.

Apple (AAPL) has been somewhat of an outlier, down only about 5% from its all-time highs—but it also never really participated in the artificial intelligence (AI) rally, so it's not surprising to see it sit pretty amid the selloff. Alphabet (GOOG) (GOOGL), which was the best-performing of the lot last year, has fared the second-best and is down 9% from its record highs. All the other Magnificent 7 constituents are down double digits from their peaks, with Microsoft (MSFT) leading the pack with a 25% drawdown. Let's explore what's pulling down tech stocks and whether they can rebound from the lows.