Impressive collaboration with leading companies over the years, increasing investments, and growing dependence on technology solutions have allowed big tech companies to advance their portfolios and gain wide market reach worldwide. Moreover, the continued digitization at a rapid pace since the onset of the pandemic helped big tech companies profit significantly and attract investor attention. Although the broader tech industry has witnessed a massive sell-off lately on concerns over the rising interest rates and deepening supply chain issues, the largest tech companies should not see as much of an impact on their growth given their wide moat.
Oracle Corporation (ORCL) and Alphabet Inc. (GOOGL) are two of the prominent leaders in the technology industry. ORCL provides products and services that address all aspects of corporate IT environments, including application, platform, and infrastructure worldwide. The company operates through cloud services and license support; cloud license and on-premises license; hardware; and services segments. It sells its solutions directly to businesses in various industries, government agencies, educational institutions, and indirect channels. GOOGL provides web-based search, maps, software applications, mobile OS, consumer content, enterprise solutions, commerce, and hardware products worldwide. The company operates through Google Services; Google Cloud; and Other Bets. It also provides performance and brand advertising services.
