Wall Street Is Turning Its Back On Big Tech As Oil Stocks Rally

Once upon a time, Big Tech stocks were all the rage on Wall Street, with investors bidding them up to crazy heights. To wit, the famous quintuple of Facebook (now Meta), Amazon, Apple, Netflix, and Google (now Alphabet) at one point made up nearly a fifth of the S&P 500–a staggering figure considering the S&P 500 is generally viewed as a proxy for the United States economy as a whole. In sharp contrast, investors gave the oil and gas sector a wide berth thanks to years of poor shareholder returns, mounting debt, and dwindling profits.…      



Author: AliensFaith
HighTech FinTech researcher, university lecturer & Scholar. He is studying his second doctoral degree at the Hague International University. Studying different fields of Sciences gave him a broad understanding of various aspects of life. His recent researches covered AI, Machine-learning & Automation concepts. The Information Technology Skills & Knowledge gave his company a higher position over other regional high-tech consultancy services. The other qualities and activities which can describe him are a Hobbyist Programmer, Achiever, Strategic Thinker, Futuristic person, and Frequent Traveler.
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