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Published 1 year ago

“Recession resistance” where US cloud stocks fall and fluctuate, cold water on the market

Summary by Nikkei
Stock prices of cloud-related stocks, which form one corner of US high-tech stocks, are sluggish. Earnings forecasts by analysts have been lowered one after another, and exchange-traded funds (ETFs) incorporating software companies will sink to 40% lower compared to the end of 2021. They were bought in anticipation of stable earnings, but when they came here, the effects of the economic slowdown began to be seen on the performance of excellent c…

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