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Saturday, June 3, 2023

Why Microsoft's Warning Could be Good News

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Just a number of months in the past, being a tech firm meant one thing very particular and introduced a sure cachet to most market watchers.

After driving the ebbs and flows of the Great Recession, weathering the pandemic and discovering itself extra fashionable than ever as bored customers on lockdown binged its merchandise, tech was driving excessive.

That was notably true for the FAANG firms — Facebook (now Meta  (FB) – Get Meta Platforms Inc. Class A Report), Amazon  (AMZN) – Get Amazon.com, Inc. Report, Apple  (AAPL) – Get Apple Inc. Report, Netflix  (NFLX) – Get Netflix, Inc. Report and Google (now Alphabet  (GOOGL) – Get Alphabet Inc. Class A Report)  — which appeared at one level to be virtually bullet-proof in a market whipsawed by volatility and topic to the whims of skittish traders and anxious institutional gamers.

Source: www.thestreet.com

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