The Fed’s now hawkish outlook and surging market volatility caused tech stocks to sell-off earlier this month. However, the impressive financials of several tech companies in the last quarter have rekindled investors’ hope for the sector.
Furthermore, burgeoning metaverse development is fomenting a new frenzy among the tech giants. Increasing numbers of companies are gearing up to set foot in the space, with Apple Inc.’s (AAPL) CEO Tim Cook also recently hinting at the company’s possible entry into the metaverse. As innovations in the AI and ML world keep coming, the meta-world is looking ahead to the long-term. According to a Globe News Wire report, the metaverse’s market size is expected to grow at a 43.8% CAGR through 2028.
