Mark Zuckerberg’s apparent willingness to stomach such losses is a sign of his faith in the metaverse. Investors aren’t as confident.
Author: Ryan Vlastelica
Investors are facing a make or break week for some of Wall Street’s most influential technology stocks.
It’s only six months since Nvidia was being hailed as Wall Street’s next $1-trillion technology stock. The memory now seems distant.
Microsoft, a stalwart of the technology industry, is having a tough time keeping up with the recent rebound in the biggest US megacap stocks.
Facebook parent Meta Platforms has repeatedly demonstrated an ability to rebound after earnings disappointments. Not this time.
Big Tech powered US stocks to a third straight winning year in 2021, as giants such as Apple and Microsoft continued to see strong demand.