Crypto Comeback Pro Trading Robot

Tech Companies Experience Huge Downfalls in their Share Prices since Dot-Com Bust

It has been an entire week since the selloff for the tech company stocks has continued. According to the stock market analysts and major investors, it is the first time since 2001 that the tech sector has experienced such a huge crash. Back in 2001, it was due to the dot-com bubble the entire tech market experienced the dip.

The overall value of NASDAQ has dipped by 3.8% in the running week. It is the seventh week in a row NASDAQ has continued observing a downtrend. The exchange analysis shows that it is the longest streak of stock price loss that has been recorded in a 21-year period.

Major Factors Affecting the Tech Sector

There are several factors that have added up to a strong negative trend affecting the stock prices of all major tech companies. It is due to factors such as the Ukraine-Russia war, the surge in interest rates, and inflation rates that the stock prices of tech companies have surged tremendously.

Then comes the COVID situation in China that has literally crippled the entire tech industry in China. The impact of the lockdowns of the tech hub in China is not confined to the Chinese State. Their impact has expanded throughout the world and the situation still hasn’t recovered.

Due to these factors, investors from all over the world are badly impacted. Now, the investors seem to be losing all the profits and gains they had made since early 2021 when the tech sector boomed. The recent dips have ended up brushing out all the rallies formed in favor of the tech sector.

Losses Experienced by Major Tech Exchanges

It was on November 19, 2021, when NASDAQ had hit its peak and as of now, it has lost 29% of its peak position.

Then it is the S&P 500 exchange that hasn’t experienced much of a dip but it has still experienced a tumble. S&P 500 has also lost 20% of its peak position.

Cisco

Compared to all the tech companies, Cisco is the top loser, having lost 13% of its overall stock price value. Apart from the mentioned factors, Cisco also faced a dip after sharing its earnings for the recent week.

Dell

For an entire week, the tech companies have continued experiencing huge losses in their stock prices. On a day-to-day basis, the stock prices of all major tech giants have been sloping in a downward direction. On Thursday, it was reported that the overall tumble Dell shares experienced was more than 11%.

Other Major Losers

Apart from the above losers, there are companies such as Shopify, Workday, Okta, Twitter, Tesla, Apple, and Alphabet. These companies experienced 11%, 9%, 9%, 6%, 12%%, 6.5%, and 6%.

Previous Article
Next Article

Leave a Reply

Your email address will not be published.

Name Price24H (%)
Bitcoin (BTC)
$24,405.00
-0.19%
Ethereum (ETH)
$1,952.00
-1.93%
Tether (USDT)
$1.00
0.12%
XRP (XRP)
$0.380496
-0.48%
Litecoin (LTC)
$63.68
-1.31%

Start Trading

Best VPN Deal Of The Year

VPN

Recent Comments

    Disclaimer

    This website may have financial affiliations with some (not all) of the brands and companies mentioned on this website. The content you are viewing may be sponsored content. Information found on this website does not represent opinions on whether to buy, sell, or hold any investment assets or sign up with any of the services mentioned. Any disputes you may have with brands or companies mentioned on our blog will need to be taken care of directly with the specific brands and companies. The responsibility of our readers who may click links in our content and ultimately sign up for that product or service is their own. Investors must do their own research before investing their money and only do so at their own risk.

    Don't Miss Crypto Comeback Pro!

    #1 Cryptocurrency Price Prediction Software and Trading Robot
    Sign Up

    Try Crypto Engine With a Trusted Broker