Apple and Big Tech Stocks Broke Record

Apple and Big Tech Stocks Broke Record

Stocks of the 5 giants of technology are on the rise. Apple (AAPL), Amazon.com (AMZN) and Alphabet (GOOGL) reached record highs at the closing of Monday. With the rise of Microsoft (MSFT) and Facebook (FB), the total market value of the 5 technology giants reached $ 6.75 trillion. When Netflix was included, this figure went over $ 7 trillion. Covid-19 Causes Increased Demand for Technology Companies The introduction of the isolation process with the Covid-19 outbreak has increased the interest in technology companies. Thanks to users turning to e-commerce and online platforms, these companies came out by benefiting from the global recession. There is no doubt that the stocks of technology companies will lose value. In the coming days, it is predicted that there will be an upward shift in the US yield curve and an expansion in strong dollar and credit margins. Very tight correlations and excessive purchase conditions between mega-cap technology shares leave little room for error. In the period 1999-2000, four stocks dominated the market similarly - Microsoft (MSFT), Cisco Systems (CSCO), Dell and Oracle (ORCL). Given the similarities between the mentioned period and the current period, FAANG shares are also expected to form a trajectory similar to the previous movements.