Tech stocks may pull out of their nosedive, but the sector won't return to its pandemic-era highs even when the Fed eases rate hikes
Tech stocks may pull out of their nosedive, but the sector won't return to its pandemic-era highs even when the Fed eases rate hikes
- December 11, 2022
- Bill Maurer, anthropology and law, Markets Insider, Dec. 11, 2022
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Bill Maurer, anthropologist and a technology and finance expert at UC Irvine, noted that speculation in the market may have caused complacency among tech firms themselves. While the pandemic's stay-at-home orders supercharged consumers' demand for tech, recent product releases haven't been very exciting. … Tech stocks have been wounded partly from that waning enthusiasm, and the complacency in innovation needs to change in order for the industry to keep advancing and draw investors, according to Maurer.
For the full story, please visit https://markets.businessinsider.com/news/stocks/tech-stock-outlook-bubble-nasdaq-highs-inflation-fed-interest-rates-2022-12.
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