As earnings seasons winds down, major tech names like, Microsoft, and Alphabet have proven remarkably resilient in a tough macroeconomic environment. But not every tech company is unscathed by the tough environment.
The stock just isn't a fit for the billionaire investor's portfolio, and it's not for the reasons you might think.
A couple of stocks that did exceptionally well and beat the markets by a wide margin include 1Life Healthcare (NASDAQ: ONEM) and Rivian Automotive (NASDAQ: RIVN). Up until July, it wasn't a good year for 1Life Healthcare, which also goes by the name of One Medical. A lack of profitability has also made it a riskier buy than other growth stocks.