Tech stocks have gotten off to a rough start this year. For instance, the tech-heavy Nasdaq Composite index is down 5% so far. If this continues into full-blown correction territory, widely considered a 10% decline, investors can pick up certain tech stocks at good valuations.
If you had invested in any one of the FAANG stocks 10 years ago, you'd be pleased. On average, FAANG stocks have returned an astounding 1782% over the last 10 years versus the market's 325%.
A Moscow court on Monday said it had ordered Alphabet's Google to pay 4 million roubles ($52,526) for not removing access to content banned in Russia, the latest in a string of fines for the U.S. tech giant. Russia upped the ante late last year in its efforts to increase pressure on Big Tech, handing massive, revenue-based fines to Google and Meta Platforms for repeatedly failing to remove content Moscow deems illegal. Google declined to comment.