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  • There's 'more pain to come' for the tech sector as companies face difficult paths to profitability, says billionaire investor Orlando Bravo

    10 days ago - By Business Insider

    A year-to-date chart of the S&P 500's performance in 2022 through mid-June. Markets Insider
    There's "more pain to come" for the technology sector, billionaire investor Orlando Bravo told CNBC on Thursday.
    He said most software companies are unprofitable, and investors are questioning what they are paying for.
    The S&P 500's tech sector has dropped about 27% in 2022.
    Technology stocks are vulnerable to further losses, with companies likely to disappoint investors about their profitability prospects in a difficult macroeconomic environment, private equity investor Orlando Bravo told CNBC on...
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