Following the stock market crash in March, the tech-heavy Nasdaq stock exchange in the US is back at the same high levels as before Corona. No wonder considering it houses tech winners in the crisis like Apple (up 58% since the March 23 bottom), Amazon (+ 39%), Google (+ 39%) and Netflix (+ 21%). At the same time as unemployment and bankruptcies have taken off in the rest of the economy. Is this a new tech bubble we're seeing?
- I definitely don't think it's a bubble. It may hover a bit in the short-term perspective, but never before has so much of our time and money been spent on tech companies, notes Nicklas Andersson, share profile at Avanza.
- The long-term winners are those who have the ability to adopt new technologies. The big tech giants are good at it. On the one hand, they have their own innovation and so they buy companies, says investor Sophia Bendz, partner at Atomico, which is one of Europe's largest national capital companies with a focus on tech.
- Definitely not a bubble like the one we saw at the turn of the millennium. Then there are other risks with the big tech companies, that they are considered to be too powerful and may be forced by authorities to cut up into smaller parts and be exposed. Then they are exposed to more competition and also become less valuable, says investor Christer Gardell at Cevian Capital.
See tonight's Economy Bureau (SVT2 at 22.10 and SVT Play from 19.00).