Big Tech now trying to turn a corner after the worst month so far this year

but some analysts are now saying that's a buying opportunity that's the focus of

today's tech check with dear Durbosa. Morning day.

So on a price to earnings basis

mega cap tech it's arguably cheap again Apple Amazon Google and video the rest of

the Magnificent 7 they have been hit by rising yields over the last month or

so along with the rest of the market,

but their profit ratios have fallen harder.

Now, if you exclude those seven mega caps, the remaining S&P's 493 companies has seen its price to earnings ratio fall from 18 to 16.

Now if you look at the biggest names combined they've seen that metric fall far more steeply

from 34 to 27 times. Goldman Sachs uses this chart to put all

of that in historical perspective. The mega caps PEG ratio has fallen below that

orange line on the screen.

Its median since 2013,

and also the lowest versus the broader market

since early 2020, a discount that Golden says

has only been reached five times over the last decade.

Now, the main reason for that is fundamentals.

Higher yields make future earnings worth less,

but that should have more impact on high growth

unprofitable tech.

The mega caps are right now they're widely profitable

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