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Benzinga
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Top 2 Tech Stocks That May Keep You Up At Night This Month

1. Wolfspeed exits Chapter 11, aiming for strategic growth. 2. Nebius secures $19.4 billion contract with Microsoft. 3. Both stocks show signs of being overbought based on RSI. 4. Wolfspeed's stock remains down despite court approval. 5. Nebius's stock surged significantly over the past six months.

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FAQ

Why Bearish?

Overbought signals might lead to profit-taking, impacting the S&P 500 negatively, similar to past corrections caused by overvaluation.

How important is it?

The presence of two significant players with contrasting movements can sway investor sentiment in the tech sector, which is vital to the S&P 500.

Why Short Term?

Overbought conditions suggest immediate selloffs could occur, affecting market sentiment quickly.

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