comment on this article

Boom and now bust?

Amazon posted some impressive financial results last week with turnover hitting $96bn for the last quarter and net income topping $6bn. AWS recorded turnover up by almost a third at $11.6bn.

These impressive results coincided with technology stock prices recovering from a period of turbulent trading, with most leading stocks posting solid gains.

Apple, Facebook and Google-parent Alphabet added a collective $230bn to their market value, despite fears of a global surge in coronavirus cases and worries about the global economy.

To date, despite the ups and downs of the market, the tech giants who were worth $5trn in January are now worth an incredible $7trn.

While the tech sector appears to have benefitted from changing consumer habits during the pandemic, a number of leading investors are now warning that technology stocks are in an “enormous” bubble and some believe that the bubble has already popped.

If those analysts are proved correct its going to be an interesting few months - if not, just how much further can the tech sector go?

Author
Neil Tyler

Comment on this article


This material is protected by MA Business copyright See Terms and Conditions. One-off usage is permitted but bulk copying is not. For multiple copies contact the sales team.

What you think about this article:


Add your comments

Name
 
Email
 
Comments
 

Your comments/feedback may be edited prior to publishing. Not all entries will be published.
Please view our Terms and Conditions before leaving a comment.

Related Articles

Worrying times

News that UK companies might be shut out of the Galileo programme raises ...

Software and security

Last month Embedded World once again demonstrated why it’s described as the ...

Close to the edge

“We are entering a new era where artificial intelligence systems are helping to ...

A green revolution

On the face of it the government’s green industrial revolution looks like a ...

Getting real with VR

Professor Robert Stone has been involved in the world of virtual, augmented and ...