Driven by the onslaught of inflation, aggressive interest rate hikes, and layoffs, tech stocks have witnessed significant losses this year. The tech industry lost a massive $7.40 trillion in a year.
However, U.S. tech executives remain optimistic, and the industry might rebound in the near term. According to an Ernst & Young tech leaders' poll, 74% of business leaders see opportunities for their organizations despite recessionary concerns.
