For years I’ve found reasons to avoid certain big tech stocks – but the market has largely been right. I might be clever, but the market is smarter. What’s the future likely to look like?
Markets have been far more positive than expected in 2023 – thus far. There is still much uncertainty out there, but what is the market missing? I have two particular under-played threats to watch – corporate debt and social unrest.
China and the West are diverging into different economic camps. It stings both ways – Western companies trying to build new but more costly secure supply chains, while the Chinese economy struggles with lost orders. Can there be an accommodation? China and the West are diverging into different economic camps. It stings both ways – Western companies trying to build new but more costly secure supply chains, while the Chinese economy struggles with lost orders. Can there be an accommodation?
Joe 90 was there 55 years ago. Apple spent a fortune on developing the mega-hyped VisionPro mixed reality headset – and it comes with a battery pack??? WTF! It won’t sink the company, but may remind us its mortal.
“If you want assistance with how our technical support is ruining your life, please press three..” "I'm sorry, we are experiencing a very high volume of calls, but your custom is very important to us..."
Microsoft would rather do business in Europe than the UK when it comes to global gaming. Name me a famous European game? BIG TECH is turning stale. Bring on the next new, new thing.
The failure of Virgin Orbit to achieve the first successful satellite launch from the UK is disappointing. It puts the opportunities for space business under the spotlight. There is money to be made, but how, and by whom?
Big Tech is so yesterday. Prices peaked last year, but there are limited reasons to expect they will ever become so dominant again. They are too big, under the regulatory cosh, and increasingly under competitive pressure. They are heading the same way as the dinosaurs.
Markets love drama… from the next corupto-coin exchange to collapse, rising interest rate threats, and riots in China in the face of a Covid meltdown. But drama and reality seldom coincide – events are more prosaic!
Big Tech “growth” stocks suffered a price-check this week as economic reality bit, but they face much more pressure than just short-term cost and sales problems. Long-Term, new businesses and opportunities are evolving to eat their lunch, and leave them behind.