Big Tech companies play a key role in global influence and the economy. Their resilience to market fluctuations and investor opportunities remain in focus.
Big Tech's Influence on the Global Stage
Big Tech companies such as Alphabet, Amazon, and Microsoft have significant influence on the global market, thanks to their innovative technologies and strategic importance to the economy. They provide a base for the global network of influence and narrative control, enabling them to maintain a dominant position in their markets.
Performance of the 'Magnificent Seven'
Big Tech traditionally includes five companies: Alphabet, Amazon, Apple, Meta, and Microsoft. In recent years, Nvidia and Tesla have joined them, forming the 'Magnificent Seven'. In 2023, Bank of America assessed their performance: Alphabet and Tesla showed the largest declines year-to-date, while Nvidia and Tesla showed more than 30% growth over a year. At the same time, Microsoft stands out for not having growth in both periods.
Prospects for Tesla and Alphabet
Tesla and Alphabet remain of interest for long-term investments. Tesla, under Elon Musk's leadership, continues to strive to become a multi-functional company. At the same time, Alphabet is rapidly developing its AI technologies, helping to strengthen its dominance in the internet services market.
Big Tech companies continue to demonstrate resilience to market fluctuations, thanks to their innovations and strategic importance. Their stocks remain relevant for investors despite the current economic uncertainty.
