TECH - Despite Microsoft Google's 'Spectacular Quarters' Billionaire 'Bond King' Bill Gross Warns Against Tech Advocates For Value Stocks | Benzinga
Billionaire investor Bill Gross has advised investors to steer clear of tech stocks despite Microsoft Corporation (NASDAQ:MSFT) and Alphabet Inc.’s (NASDAQ:GOOG) (NASDAQ:GOOGL) “spectacular quarters.”
What Happened: Gross, known as the “bond king,” has cautioned investors to be wary of the tech sector. Earlier this week, he took to X, formerly Twitter, and said, “Stick to value stocks, avoid tech for now,” disclosing that he holds stock in Western Midstream Partners and energy infrastructure firm MPLX.
He went on to suggest that if investors must venture into tech, Microsoft is the only viable option, stating, “MSFT best in tech if you must.”
He also expressed doubts about holding bonds, especially with the 10-year yield surpassing 4.7% on Thursday following the GDP report. “10-year Treasury moving to 4.75%. Why own bonds? T bills yield 5.25%.”
"The day the music died."