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MarketBeat
MarketBeat
Business
Leo Miller

AppLovin vs. HPE: Which Tech Stock Can Bounce Back Faster?

It is absolutely no secret that the technology sector has been crushed recently. As of the Mar. 12 close, the Technology Select Sector SPDR Fund (NYSEARCA: XLK) is down nearly 13% from its Feb. 19 close.

Many stocks that had performed well and reached new highs in early 2025 have sold off extensively. This includes ad-tech company AppLovin (NASDAQ: APP) and legacy tech company Hewlett Packard Enterprise (NYSE: HPE).  AppLovin is down 48% from its Feb. 13 high, while HPE has retreated 39% from its Jan. 22 high.

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