‘Unstoppable until they aren’t’: are tech market losses signs of a bust?

This kind of growth cannot be predicted, nor can it be maintained forever, said Raj Shah, analyst at digital transformation consultancy“Revenues are down, costs are up, and tech companies are going to do what every other company in this situation would do – cut costs through freezing hiring, get rid of costs like unused real estate, push for higher productivity and re-examine investments,” he said.Pandemic recovery is not the only component slowing tech companies’ runaway growth, experts say.

“There’s an overwhelming sense of fear and concern a lot of decision makers have around all things economic right now,” he said. “The war certainly catalyzed a lot of it, but inflation and supply chain issues were already a problem.” “A major concern is that many retail traders have invested in bitcoin and cryptos in an effort to receive higher returns in a low interest rate environment,” he said. “Now, as price pressures mount and the cost of living continues to soar, fears [have raised] that a systemic shock may occur if large institutions continue to withdraw funds from their crypto portfolios.”

I'm guessing Microsoft is going to save Apple again 🧐

Colombia Últimas Noticias, Colombia Titulares

Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.

‘Unstoppable until they aren’t’: are tech market losses signs of a bust?Apple is no longer the most valuable company, Meta took a $230bn hit, Amazon reported its first loss since 2015, but a slump ‘is a big question mark’
Fuente: GuardianAus - 🏆 1. / 98 Leer más »

Tech stocks are in a bear market, but they aren’t cheapAmazon still trades at 49 times forward earnings, and Tesla trades at 61 times - and that’s despite shares in both companies falling more than a third.
Fuente: FinancialReview - 🏆 2. / 90 Leer más »