As far as Wall Street is concerned, Big Tech is most definitely back. Investors who decided in 2022 that the long party in tech stocks was over have come around with remarkable speed this year to an appreciation of the more resilient qualities of the sector’s strongest companies.
There is a touch of the glass-half-full about this: the short-term picture has not changed and the five biggest consumer technology and cloud computing companies — Alphabet, Amazon, Apple, Meta and Microsoft — will struggle to report much growth at all this year.
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