2022 was a brutal start of the year for tech giants. Netflix is down 70%, Nvidia dropped 44%, and Facebook declined 43%.
Although most technology stocks took a pummelling, a few companies weathered the storm and showed growth. These include telecom operators, T-Mobile and AT&T.Bloomberg Intelligence analyst John Butler said T-Mobile’s early lead in rolling out 5G would help the operator outperform its competitors and increase sales.
Locally, Vodacom was the best performing share this year, rising 5% year-to-date. MTN declined by 4%, and Telkom was down 16%. This debate gained momentum following the crash in tech shares in 2022, which caused pain among investors heavily invested in US tech giants.
Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer: