# HSBC Says Technology Stock Pullback Has Become Excessive By Enna Lee Canonical URL: https://www.tokenpost.com/news/investing/53231 Published: 2026-11-10T17:02:38.000Z Updated: 2026-11-10T17:02:38.000Z Section: Investing > The bank said current valuations reflect much of the downside risk and recommended adding exposure during the selloff. HSBC described a recent drop in technology stocks as excessive, saying current valuations already reflect much of the downside risk. In a recent investor note, the bank recommended that investors add exposure during the weakness. A [technology selloff sent the Nasdaq 100 down 6.4% and erased $2.3 trillion in value](). ## Links in this article - [technology selloff sent the Nasdaq 100 down 6.4% and erased $2.3 trillion in value](https://www.tokenpost.com/news/investing/49564)