Market believes that interest rates would possibly find a way to go lower, which bodes well for technology companies.

US Technology stocks had a dream run over the last decade (during 2013-2023, NASDAQ, a good representation of the Technology sector, went up by 280%) and more so post-COVID, during which the same index went up by more than 100%.
When everything was hunky dory, 2022 happened, in which inflation soared for multiple reasons, and US Fed hiked interest rates aggressively. Many of the famed and investor-favorite stocks from technology had a great fall that, ranges between 20%-70%.
Here comes the conundrum: is it the right time for investors to relook at investing in US tech stocks?
First of all, it looks evident that the aggressive interest rate hikes done by US Fed in the last 15 months or so have reached a plateau, and the possibility of further rate hikes is very minimal.
Since rising interest rates work like gravity on stock prices, a pause or peaking in interest rates has given markets some relief which shows in stock prices of many US Tech stocks that have now recovered substantially from their lows in the last 1 year.
The way recessionary pressures are building in the US along with a lot of debt that is coming due for repayment for the US government, a section of the market believes that interest rates would possibly find a way to go lower, which bodes well for technology companies.
Many of these companies have been focused on creating value for their shareholders by expanding their offerings in terms of products & services. In the aftermath of the Silicon Valley Bank crisis, Apple announced a savings account in partnership with Goldman Sachs, effectively transforming itself into a Fintech, and it was able to attract almost 1bn$ of deposits in a few days from launch.
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