Name: Crypto selloff shakes tech, but panel sees selective buying opportunities
Uploaded: 2026-02-06T15:15:37+00:00
Duration: 370 s

Speakers

Matt Maley — Co-Chief Market Strategist, Miller Tabak

Barbara Doran — CEO and Chief Investment Officer, BD8 Capital Partners

Viraj Patel — Global Macro Strategist at Vanda Research

Summary

The panel discusses a sharp crypto and tech selloff. Matt Maley says crypto margin-call forced selling has pressured tech stocks and could set up a near-term bounce if crypto stabilizes. Barbara Duran calls the selloff an overreaction and a buying opportunity in big tech and hyperscalers, including Amazon. Viraj Patel highlights selective retail dip-buying, especially in Alphabet, while Matt Maley warns that recent semiconductor weakness could drag the broader market if it continues.

Crypto decline triggered forced selling that pressured tech stocks.
Matt Maley sees a potential near-term tech bounce if crypto stabilizes.
Barbara Duran views the big tech and hyperscaler selloff as a buying opportunity.
Amazon is discussed as an AI play through AWS with elevated capex.
Viraj Patel says retail dip-buying is selective, with notable Alphabet purchases.
Matt Maley warns semiconductor weakness could drag down the Nasdaq 100 and broader market.
Panelists describe the selloff as an overreaction, not a systemic crisis.

Ideas

Matt Maley Co-Chief Market Strategist, Miller Tabak 0:42

Crypto illiquidity forces cross-asset margin selling.

The sharp decline in Bitcoin and the broader crypto market has triggered forced selling because crypto is not liquid enough for investors to raise enough money to meet margin calls. This creates cross-asset pressure that needs crypto to settle down before it eases.

Matt Maley Co-Chief Market Strategist, Miller Tabak 1:09

Tech stocks bounce if crypto settles.

Bitcoin-related forced selling has thrown tech stocks out with the bathwater near term. If Bitcoin and other cryptos settle down, tech stocks should bounce back, although he questions whether they can hold any bounce.

Matt Maley Co-Chief Market Strategist, Miller Tabak 1:20

Amazon spending outpaces revenue, risk revaluation.

Amazon's growth spending is bigger than its revenue growth, raising concerns about how much more debt it may take on and what happens to cash and free cash flow. That could lead to further revaluation in the stock at some point.

Barbara Doran CEO and Chief Investment Officer, BD8 Capital Partners 2:24

Big tech selloff is buying opportunity.

The selloff across risk assets and big tech is a big overreaction, particularly because high-growth hyperscalers are being thrown out. This is not a systemic crisis like 2008 and there are no broad credit issues, so these types of selloffs have typically proved to be buying opportunities.

Viraj Patel Global Macro Strategist at Vanda Research 3:35

Retail dip-buying supports Alphabet shares.

Retail investors are being selective and opportunistic rather than fully abandoning the market. After Google earnings, retail buying in Alphabet hit its biggest day since May last year, suggesting retail sees value in parts of the selloff.

Barbara Doran CEO and Chief Investment Officer, BD8 Capital Partners 4:13

Amazon's AI capex spending is justified.

Amazon is an AI play through AWS, and its increased capex spending is a positive because it reflects real demand. Margins and earnings may be dinged a little near term, but the spending sets up the future, making these hyperscalers buying opportunities when hit on capex concerns.

Matt Maley Co-Chief Market Strategist, Miller Tabak 5:32

Semis weakness risks broader tech market.

Chip stocks have been leading, but recent weakness in semiconductors means the entire tech sector is getting hit. If semis and tech continue lower, their heavy index weights, especially with technology making up 62% of the Nasdaq 100, could drag the broader market down, and retail investors may rotate into cash rather than other groups.

Crypto selloff shakes tech, but panel sees selective buying opportunities

Summary

Ideas

Up Next