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SE - 2 Supercharged Tech Stocks to Buy Without Any Hesitation
Sea Limited American Depositary Shares each representing one Class A
2023-09-21 06:45:00 ET
While the tech-focused Nasdaq Composite index inched higher over the last three months, lithography leader ASML (NASDAQ: ASML) and Singapore-based e-commerce and fintech business Sea Limited (NYSE: SE) moved in the opposite direction.
With the market worrying over ASML's slower growth amid a down cycle in the semiconductor market and Sea Limited facing a prolonged slowdown in sales growth, the once-hypergrowth stocks declined 18% and 39% in the last three months.