Big Tech Stocks are On Fire as Other Industries Struggle

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Big Tech Stocks are On Fire as Other Industries Struggle

Some stocks are actually thriving amid the current economic climate, namely big tech superstocks known as FAANG. During a time of mass unemployment, new bankruptcy announcements daily and a GDP collapse, these stocks are the reason we’re seeing an overall V-shaped recovery on Wall Street. What this tells us is that the pandemic has only forced us to become more reliant on technology, and investors are banking on that trend to continue.

Image via Unsplash/Fabian Ursara

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