SaaS and high-growth platforms are collectively under pressure:
Shopify fell nearly 6%. E-commerce SaaS valuations were already high, and the market has low tolerance for slowing growth.
Arista Networks fell nearly 3%. Networking equipment is following the overall sentiment of AI infrastructure.
Celestica fell over 2.5%. Supply chain pressures for electronic manufacturing services persist.
HP fell nearly 1.5%. PCs and printers are moving slowly.
Oscar Health is almost flat. Health insurance tech valuations are still being digested.😪
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