The Fed’s year-long rate hikes to curb inflation constrain the tech industry’s growth. Moreover, the recent banking crisis poses significant challenges to the tech industry. Therefore, I think Akoustis Technologies, Inc. (AKTS), Mynaric AG (MYNA), and Ondas Holdings Inc. (ONDS) might be best avoided now, given their weak fundamentals.
The recent failure of Silicon Valley Bank, a crucial source of funding for tech startups, has forced companies to quickly assess their financial risk and ability to operate in an already difficult economic climate. This has caused additional stress for tech businesses struggling with limited capital access.
