In the News: Managing Through the Tech Selloff
Joe Tigay’s recent commentary in CNN Business, Bloomberg, AP News, Benzinga and Stocktwits
With technology stocks selling off and investors questioning the next stage of the AI trade, the media has been turning to me for a portfolio manager’s perspective on what is changing and how to approach the uncertainty.
For me, those questions connect directly to managing positions: Where do we still see opportunity? What expectations are already priced in? How do we maintain exposure to growth while managing the risk of further declines?
My recent comments appeared in CNN Business, Bloomberg, AP News, Benzinga and Stocktwits. One observation carried across the coverage:
“We’re moving out of the hopes and dreams phase of the AI trade and into the ‘show me’ phase.”
The opportunity in AI remains substantial. But investors are demanding more evidence that companies can turn spending and demand into earnings and cash flow.
CNN Business: Turning Demand Into Earnings
October 30, 2026 | John Towfighi and Lucy Bayly
CNN Business quoted my perspective in its coverage of the technology selloff and growing scrutiny of AI spending. Alongside my comments about the “show me” phase, CNN included the practical test I’m applying:
“Full order books are great, but investors want to see who can actually deliver, turn that demand into earnings and generate cash.”
An order book represents opportunity. Delivering on it profitably is what supports the business and its valuation. That distinction becomes especially important when expectations are high.
Read: “Nasdaq suffers worst month in over a year as AI nerves roil markets” — CNN Business, via KESQ
Bloomberg: The “Show Me” Phase Takes Center Stage
October 30, 2026 | David Fox
Bloomberg’s Evening Briefing Americas included my assessment of the AI trade, with the “show me” theme also appearing in its headline.
Companies face a difficult balancing act. They need to keep investing to remain competitive, while shareholders want to know when that investment will produce returns. As a portfolio manager, I’m watching both the growth opportunity and the cost of financing it.
Read: “Tech Stocks Plunge as Wall Street Enters ‘Show Me’ Phase” — Bloomberg
AP News: Expectations Meet Market Reality
October 30, 2026 | Stan Choe
AP News also quoted my assessment that the AI trade is moving into its “show me” phase. Its coverage examined the technology selloff and concerns surrounding the enormous investment in AI infrastructure.
A promising long-term business can still experience a sharp stock decline when results fall short of the expectations embedded in its price. That is why conviction and position sizing need to work together.
Stocktwits: Bringing the Perspective to Individual Investors
October 30, 2026 | Shashank Nayar
Stocktwits carried my comments about the “show me” phase and the importance of companies delivering on full order books in its market recap.
For investors navigating these swings, the challenge is to keep reassessing the business without letting every move in the stock dictate the investment decision.
Benzinga: The Role of Leverage and Financial Risk
November 1, 2026 | Stjepan Kalinic
Benzinga picked up my comments from CNN in an article examining the technology selloff alongside margin debt and financing risks.
That context matters. When expectations change, leverage can amplify the market’s response. Understanding an investment means understanding both its potential and the risks surrounding it.
Read: “$600B Tech Wipeout Meets $1.48T Margin Debt” — Benzinga
How I’m Approaching This Market
My background as an options and VIX market maker shapes how I manage through these periods. I want exposure to the growth equities can deliver, with risk management built into the portfolio.
Our long-equity, long-volatility approach reflects that philosophy. We can remain invested in long-term opportunities while preparing for the uncertainty that comes with owning stocks.
I continue to see opportunity in the AI buildout. But I’m focused on who can deliver, who can finance the next stage, and who can translate investment into sustainable earnings. A strong theme still requires discipline in how we own it.
Joe Tigay is a portfolio manager at Equity Armor Investments. Media coverage does not constitute an endorsement of the firm or its strategies.