The Big Tech Rebound Is Underway | PRO Insight

Available to WrapPRO members

A moderating Fed, better cost management and low expectations presage a resurgence from the bottom for the industry

A rocket lifting off from a laptop
A rocket lifting off from a laptop (Dall-E)

Big Tech’s disaster scenario just played out, and now the bounce back is beginning. Inflation is moderating, the Federal Reserve is relaxing, cost discipline is back and expectations are so low they’re getting easy to beat. Suddenly, the tech giants have momentum again.

Already this year, Meta stock is up 52%, Amazon is up 22%, Alphabet is up 18%, Apple is up 24% and Microsoft is up 8%. Most are healthily beating the S&P 500 — Microsoft was until a recent drop — even with some muted earnings reports this week. As tech analyst Dan Ives put it in a DM Thursday, “Huge rebound underway.

Comments