Fighting above their weight

Investor perception and forecast far exceed reality for the big tech players.

June 27, 2023

Andy Patrizio

Numbers don’t lie but they can lack context. Case in point: Wall Street investor valuations don’t always reflect reality. Or for that matter, logic.It’s 1999–2000 all over again on Wall Street as tech stocks run a ridiculous, overinflated valuations with no bearing in reality and no long-term sustainability.Apple became the first company with a valuation of greater than $1 trillion in 2018. Since then, it has broken the $2 billion mark and is on the verge of $3 billion based on its June 25 valuation ($2.91 billion). In the five years since, Apple has been joined by four more firms

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Fighting above their weight

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