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Benzinga
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Top 2 Tech Stocks That Could Sink Your Portfolio In June

1. Arqit Quantum's stock surged 54% on acquisition announcement. 2. Silicon Motion's analyst rating upgraded, target price raised to $90. 3. Both stocks show overbought signs with high RSI values. 4. Overbought momentum may pose risks for short-term investors. 5. Technology sector's momentum could influence broader S&P 500 performance.

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FAQ

Why Neutral?

While both stocks boosted investor sentiment momentarily, overbought conditions suggest potential corrections.

How important is it?

Fluctuations in tech stocks can directly impact S&P 500, given its tech weight.

Why Short Term?

Short-term volatility from overbought indicators often leads to price corrections, affecting index components.

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