What initially seemed like a cause for celebration after Jerome Powell hinted that a September interest rate cut “could be on the table” quickly turned into another selloff for tech stocks the day after the July Federal Open Market Committee meeting. Investors reevaluated their positions in tech giants in light of disappointing economic data released Thursday and the latest earnings reports, shifting toward a more risk-averse approach. The Nasdaq 100, as tracked by the Invesco QQQ Trust (NASDAQ:QQQ), tumbled 2.7% after a 3% rally on Wednesday. The Magnificent Seven tech stocks, monitored through the Roundhill Magnificent Seven ETF (NASDAQ:MAGS), declined by 1.9%. Chipmakers faced another significant blow, with the iShares Semiconductor ETF (NYSE:SOXX) plummeting over 7%, wiping out the gains made on Wednesday. Some investors, relying on fundamentals, see potential entry opportunities during this selloff. Ed Yardeni’s Insights On Tech Stock Prospects Veteran Wall Street investor Ed Yardeni, chief investment strategist and president at Yardeni Research, ...