Why Are Investors Dumping Their Tech Stocks? 4 Reasons the Technology Sector Is Getting Hammered.

The tech sector is often volatile, and not always in an investor-friendly way.

Wall Street took a beating in recent weeks, with the S 500 (SNPINDEX: ^GSPC) index falling 8.5% from July 16 to Aug. 5. Over the same period, the tech-heavy Nasdaq 100 index recorded a 12.3% price drop. And the Vanguard Information Technology ETF (NYSEMKT: VGT), which focuses on stocks in the tech sector, posted a 14.8% drop.

The plunge was led by some true heavyweights. Artificial intelligence (AI) chip designer Nvidia (NASDAQ: NVDA) posted a 20.5% price drop in that three-week period, for example. AI systems builder Super Micro Computer (NASDAQ: SMCI) -- also known as Supermicro -- took a 30.6% hit over the same period, and chipmaking veteran (NASDAQ: INTC) suffered a 41.4% crash.

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Source Fool.com