Froth and volatility in big tech
Prices have been on a charge, despite a deteriorating macroeconomic backdrop and higher interest rates
31 August 2023 - 08:00
The dust has settled on another quarter of big tech results in the US.
The term FAANG is outdated now, not least of all because two of the companies in the acronym have changed their names. More importantly, it leaves out Microsoft and Nvidia, companies that have been on incredible growth paths. The “magnificent seven” seem to be getting some airtime on Twitter — or rather X. See? Names change quickly. ..
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