And if we add a company Tesla To the list of the five losers, the degree of losses will deepen to exceed $ 6 trillion until the last trading day of 2022, so that attention will now turn to 2023 to see if the new year will increase the suffering of the technology sector, or if the situation will change for the better.
Retreat up to 60 percent
Amin Al-Tajer, CEO of InfiniteWare, an artificial intelligence software company, said in an interview with MEE "Sky News Arabia economy"The percentage of decline in the shares of the 5 largest technology companies, Apple, Microsoft, Amazon, Alphabet and Meta, ranged between 25 and 60 percent in 2022, as it was Microsoft shares The lowest decline, by more than 25 percent, while it was Meta shares the most declining by more than 60 percent.
The trader adds that these large numbers reveal that the year 2022 was very difficult, although its beginning was excellent, but the situation turned for the worse with the change of facts, indicating that the world’s exit from the mantle of Covid-19 and the return of people to their work and the path of lifting Benefit in a America Add to inflationAll of which put pressure on me technology companiesAnd contributed to the shift of investors towards other investments, most notably US Treasury bonds.
According to the merchant, 2023 will not be an easy year for him technology companieswhich will most likely face many challenges, the first of which is the difficult economic situation in the world, which portends recession, expressing his belief that there has been an over-evaluation of these companies, which will await them with more problems in the new year.
For his part, the financial and economic analyst, Dr. Muhammad Abu Al-Hassan, said in an interview with the website "Sky News Arabia economy"The five major technology companies that recorded declines in 2022 are all American, and they were affected by the economic climate in their home country. inflation And interest rates grew, which weighed on the business of these companieswhich has become costly Debts which it relied on to finance its growth opportunities, and the result was a significant decline in value, due to fears that prompted investors to reshuffle the papers at the market level.
The address of the next stage
Abu Al-Hassan believes that the title of the stage for technology companies in 2023 will be cost reduction by reducing the number of employees, expenses, and even production operations, indicating that the reality does not bode well for companies to compensate for the declines that occurred, as survival will be for companies that have the ability to withstand and continue in the circumstances. The current economy, which results in a high degree of risk in repeating the 2022 scene.
Tesla is a technology company??
According to Abu Al-Hassan, in light of the division that occurred regarding the classification of Tesla as a parent technology company cars Company The fact remains that Tesla faced severe, dramatic declines in 2022, which brought it to the point of losing its share to 70 percent of its value, as the company’s president sees Elon Musk The reason for this decline is the difficult economic situation, while investors believe that Musk’s lack of focus on the company’s business contributed greatly to this decline.
“>
Although expectations indicated that 2022 would be a rosy year for the Big Five, Camel، Microsoft، Amazon، Alphabet and deadHowever, factors on the ground converged against this trend to turn the rosy year into a tragic year, which ended with the aforementioned companies losing more than $5 trillion of their value due to the decline in their shares.
And if we add a company Tesla To the list of the five losers, the degree of losses will deepen to exceed $ 6 trillion until the last trading day of 2022, so that attention will now turn to 2023 to see if the new year will increase the suffering of the technology sector, or if the situation will change for the better.
Retreat up to 60 percent
And the CEO of Infinite Ware for artificial intelligence software, Amin Al-Tajer, said in an interview with “Sky News Arabia Economy” that the percentage of decline in the shares of the 5 largest technology companies, Apple, Microsoft, Amazon, Alphabet and Meta, ranged between 25 and 60 percent in 2022, as it was Microsoft shares The lowest decline, by more than 25 percent, while it was Meta shares the most declining by more than 60 percent.
The trader adds that these large numbers reveal that the year 2022 was very difficult, although its beginning was excellent, but the situation turned for the worse with the change of facts, indicating that the world’s exit from the mantle of Covid-19 and the return of people to their work and the path of lifting Benefit in a America Add to inflationAll of which put pressure on me technology companiesAnd contributed to the shift of investors towards other investments, most notably US Treasury bonds.
According to the merchant, 2023 will not be an easy year for him technology companieswhich will most likely face many challenges, the first of which is the difficult economic situation in the world, which portends recession, expressing his belief that there has been an over-evaluation of these companies, which will await them with more problems in the new year.
For his part, the financial and economic analyst, Dr. Muhammad Abu Al-Hassan, said in an interview with “Sky News Arabia Economy” that the five major technology companies that recorded declines in 2022 are all American and were affected by the economic climate in their home country, as it rose inflation And interest rates grew, which weighed on the business of these companieswhich has become costly Debts which it relied on to finance its growth opportunities, and the result was a significant decline in value, due to fears that prompted investors to reshuffle the papers at the market level.
The address of the next stage
Abu Al-Hassan believes that the title of the stage for technology companies in 2023 will be cost reduction by reducing the number of employees, expenses, and even production operations, indicating that the reality does not bode well for companies to compensate for the declines that occurred, as survival will be for companies that have the ability to withstand and continue in the circumstances. The current economy, which results in a high degree of risk in repeating the 2022 scene.
Tesla is a technology company??
According to Abu Al-Hassan, in light of the division that occurred regarding the classification of Tesla as a parent technology company cars Company The fact remains that Tesla faced severe, dramatic declines in 2022, which brought it to the point of losing its share to 70 percent of its value, as the company’s president sees Elon Musk The reason for this decline is the difficult economic situation, while investors believe that Musk’s lack of focus on the company’s business contributed greatly to this decline.