Over 25% of the Stocks in the S&P 500 Are Down 40% or More. 4 Bargain Tech Stocks to Buy Now

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S&P 500 Tech Sell-Off Creates Selective Opportunities for SA Investors

Several beaten-up US tech stocks look cheap today, but only a few have clear takeaways for South African investors.

With over a quarter of S&P 500 stocks down 40% or more, tech names are getting slammed. Netflix stands out given its resilient streaming business and growing ad revenue—this model holds up even if the global economy slows. Oracle’s massive cloud backlog signals ongoing demand, despite balance sheet concerns. ServiceNow appears well-positioned as AI integration grows, making its software platform a potential leader. AppLovin’s valuation is intriguing for high-growth investors but is less relevant locally. For South African investors, these global moves translate partly through the rand and our Financials sector. Oracle and ServiceNow’s cloud angle indirectly supports local banks like Standard Bank and FirstRand, which rely increasingly on tech for efficiency and risk management. Meanwhile, the rand (USD/ZAR) tends to rally on stronger US tech earnings, but watch out for the inverse if global growth fears resurface. If you’re local, focus on stocks linked to resilient earnings and tech adoption, rather than chasing headline bargains offshore. this is just our opinion and not financial advice