Tech stocks will be 'more scrutinized' in Q4, portfolio manager says

STORY: While Big Tech companies have led market gains, some of those highly valued stocks have started to tumble.One of those is Palantir, which trades at nearly 250 times its 12-month forward earnings estimates."There's a reason why Palantir is down 15% in the last five days," Lynch said. "Coreweave is down 22% in the last five days, and Alphabet's actually flat. Alphabet's delivering tremendous free cash flow growth. It's growing. It beat its earnings estimates by 26%. Even if the AI kind of supercycle abates a bit, they've got a lot of non-AI kind of platform revenue opportunities in the next five years - whether that's search, whether that's cloud computing, whether that's Waymo, whether that's YouTube, et cetera."

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