The Nasdaq-100 Technology Sector index turned in impressive gains, appreciating 20% so far in 2023. These come thanks to favorable signals such as cooling inflation and a resilient jobs market that kept the economy from sliding into a potential recession.

The tech stock rally rubbed off positively on shares of Airbnb (NASDAQ: ABNB). The stock is up by double-digit percentages so far this year. But its latest quarterly report led investors to press the panic button, and shares of Airbnb fell 17% over the past week as a result.

Let's look at what happened and whether this could be a buying opportunity for savvy investors.

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Source Fool.com