We're 10-plus years into these exponential growth industries, and formidable competitors are catching up.
| Luke Lango Editor, Hypergrowth Investing |
PODCAST Big Tech Is Dead! â In this week's episode, Aaron and I return to the "scandalous" claim I made a few months back -- perhaps the biggest of my career. That's saying a lot, because I make bold claims all the time. But among my biggest, boldest, wildest of all time is that Big Tech is dead. At the time, folks thought I was a bit nuts. But this year, we're seeing this come to fruition. Over the past few weeks, there have been some massive declines across Big Tech stocks. One of the most massive was a 71% drop in Netflix (NFLX) stock. Many think my rationale for believing Big Tech is dead hinges on government regulation or consumers boycotting platforms over censorship. But my rationale is neither of those. Rather, it's much more fundamental in nature. Big Tech is dead because of competition. We're 10-plus years into these exponential growth industries, and formidable competitors are catching up. The playing fields in the industries that Big Tech have dominated are evening out. As they are, Big Tech is losing its edge. Bottom line: There's a changing of the guard taking place, and it's time to jump into small-cap tech stocks. Click here to listen and watch now! Sincerely, | | Luke Lango Editor, Hypergrowth Investing On the date of publication, Luke Lango did not have (either directly or indirectly) any positions in the securities mentioned in this article. | |
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