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Technology stocks hammered, Networks only growth area in Riot 50

The past month has definitely not been kind to the companies in the Riot 50. Even a few weeks ago, we were confident that they could close out the year ahead of the indexes, but those gains have been slashed. For these companies, who are influential in the IoT world, global trends have pummeled them, and that shows no immediate sign of lifting. When viewed in the individual sectors and measured in raw dollar totals, the Networks segment is the only one that has collectively grown to date – up 11.78% since May. Every other segment is down, although Cloud & Platforms is only down by 0.2%. Automotive has been hit worst, down some 33.65%, while Wireless Modules is down…

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