Chart of the Day: Big Tech Stocks Lost Nearly $4 Trillion in Market Value in 2022

Contact Your Elected Officials

In 2020 and 2021, one of the best places for stock investors to have their money was in mega-cap technology stocks. In 2022, it was one of the worst.

Tech has been one of the worst-performing sectors of the year, essentially pulled down by the poor performance of software companies. As of Dec. 9, the Morningstar US Technology Index was down 28.7% for the year, underperforming the Morningstar US Market Index, which is down 18.7%.

But the collapse of so-called Big Tech has attracted attention, as recession fears and macroeconomic pressures battered their shares as the year unfolded. Among the large technology stocks that had been big winners in recent years, Meta Platforms (META), the parent company of Facebook, has lost 65.5% this year, semiconductor manufacturer Nvidia (NVDA) lost 42.1%, and Microsoft (MSFT) fell 26.3%. Even Apple (AAPL), which has remained relatively buoyant, is still on track to finish the year with worse losses than the overall market.

See this in the chart below and learn more here.

Looking at the longer-term performance of stocks, the broad index of the DOW has done quite well since the crash of 2008. See this in the chart below.

However, when looking at the broader index of the DOW and comparing them to big tech stocks, the performance of big tech has been outstanding. See this in the chart below.

In terms of market capitalization, the rise and fall of big tech has been breathtaking and exemplifies the nearly $4 trillion in big tech market capitalization losses. See this in the chart below.

The bottom line is that though the broader stock indexes have not had a crash, big tech has. Big tech being the engine of growth in America via their “innovation,” what could be the future of stocks – especially the engines of growth?

For employment, the future is clear – big tech simply will not have the endless cash as before to hire and pay employees as before, and layoffs could continue well into 2023. See the current status of big tech layoffs in the chart below and learn more here.

Big tech is not going away, but recently it has clearly been in a bubble. When considering the future of big tech, one can look historically at what happens to any asset class that gets into bubbles. Learn here what the phases of asset bubbles are, and see a summary in the chart below.

Big tech stock prices are somewhere between the capitulation phase and despair. Once big tech stocks find their bottom, they will return to the mean. The point is that the return to the heights of the big tech bubble will not return quickly.

Right Wire Report
Right Wire Reporthttps://rightwirereport.com/
Right Wire Report was a group of concerned citizens who took action to promote traditional values and work for a better America.

America is facing what could be described as “disorganized troubles,” born of a feeling of powerlessness.

The US is seeing a pattern of consistent, politically motivated lone-wolf attacks, evident in events like the murder of Charlie Kirk on a campus in Utah.

A Bullet Is No Argument

Charlie Kirk’s sharp intellect and joyful debate style dismantled challengers’ arguments, making him a target for those opposed to truth and goodness.

24 Years Later and NEW 9/11 Information is Still Coming Out

New info from journalist Catherine Herridge reveals the 9/11 plot traces back to 1998, following the first failed terrorist mission in 1993.

The Reported Russian Drone Incursions Into Poland Might Have Been Due To NATO Jamming

Poland says it shot down Russian drones entering its airspace amid NATO drills, sparking debate over provocation, botched recon, or NATO jamming.

Charlie Kirk Assassin Spotted Before Shooting!

Charlie Kirk incident mirrors Trump attempt: shooter spotted on rooftop beforehand, echoing July attack’s circumstances.

FBI Releases Images of ‘Person of Interest’ in Charlie Kirk Assassination

Conservative influencer Charlie Kirk was shot during an event in Utah on Sept. 10, and he has died.

Chris Pratt, Jason Aldean Among Celebrities Paying Tribute to Charlie Kirk

Actor Chris Pratt and singer Jason Aldean join many celebrities posting online tributes mourning the death of Turning Point USA founder Charlie Kirk.

Police Respond to Bomb Threat at DNC Headquarters

Law enforcement officers rushed to the DNC headquarters after learning of a potential bomb threat, a U.S. Capitol Police spokesperson said in an email.

Conservative Influencers Mourn the Loss of Charlie Kirk

One day after the assassination of conservative influencer Charlie Kirk, tributes and condolences are pouring in from his colleagues on social media.

Trump Signs Memo Targeting Direct-to-Consumer Pharmaceutical Advertising

President Trump signed a memo to ensure drug ads give fair, balanced, and complete information to protect and inform American consumers.

Trump Runs out of Patience With China, Sharpens His Words

President Donald Trump’s recent remarks targeting China and its allies mark a noticeable shift in tone.

Trump Signs Order Renaming Department of Defense as Department of War

President Donald Trump on Sept. 5 signed an executive order renaming the Department of Defense as the Department of War.

Trump Signs Executive Order Targeting Countries That Unlawfully Detain Americans

President Trump signed an EO on targeting the unlawful detention of American citizens around the world and to facilitate the release of hostages.
spot_img

Related Articles

Popular Categories

MAGA Business Central