Dan Niles Discusses Big Tech Earnings Outlook

Dan Niles, founder and portfolio manager at Niles Investment Management, shared insights on CNBC’s ‘Money Movers’ regarding anticipated Big Tech earnings this week. He highlighted the potential for significant market corrections, projecting a 30% to 40% decline in stock valuations.

Qualcomm Stock Surge

During the discussion, Niles also addressed the recent rise in Qualcomm stock, attributing it to various market factors. His analysis reflects broader trends in the tech sector, suggesting potential volatility ahead as companies report earnings.