Tech stocks have been crushed. What's next for the FAANGs? | CNN Business

The great bull run for tech stocks may finally be over. It has been a brutal year for the leading companies of Silicon Valley. Apple’s\n \n stock is down about 16% in 2022 — and that makes it the “best” performer of the so-called FAANGs of Big Tech. Facebook owner Meta, Amazon\n \n , Netflix\n \n and Google parent Alphabet\n \n have all done far worse, with Meta plunging 66% this year.

Todd Sohn, director and technical strategist at Strategas, noted in a report late last week that when tech stocks imploded in 2000 as the dot-com bubble burst, it wasn’t until after the 2008 financial crisis before tech resumed a role as a market leader. Sohn said tech could be in for another long winter ahead, noting that it’s “reasonable to expect that tech could take a backseat over the next couple of years, while energy, industrials, etc.

It’s been a brutal year for EVERYONE

Everyone of these companies is associated with the deep state

Thank you apple I appreciate you lol

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