Supply chain disruptions and input price inflation are restraining the tech industry’s growth. Furthermore, the sector is reeling under poor investor sentiment due to an expectation of aggressive central bank interest rate hikes this year. Ongoing geopolitical tensions have also fueled declines in the tech-heavy Nasdaq Composite.
Though big tech giants are largely unaffected by the weak market sentiment due to their dominating market positions and robust financials, ultra-popular tech stocks possessing weak fundamentals have been hit hard.
