Anyone know why NEA is struggling of late.The story is that tech...

Anyone know why NEA is struggling of late.

The story is that tech was overbought during the initial stages of the pandemic as it was a sector that could continue operating more or less normally during a pandemic, as well as one that should benefit from increased demand.
So there was a decent enough boom in tech stocks which was followed by a correction. NEA's share price has correlated well with the general movement of the tech sector. APX is another tech stock I bought back in March that has done the exact same thing. But overall, the performance of both - and tech stocks generally - has nevertheless been good in the post pandemic stages. I expect that performance for the sector will continue to be good, albeit back to a more normal pace of SP growth from today's base.

NEA revenue growing at around 25% YoY, SP should appreciate at a slightly higher rate than that as NEA approaches profitability in the US.