INSUBCONTINENT EXCLUSIVE:
In an impressive financial surge, the market value of leading technology firms jumped by 4.9% in the first 24 days of 2024.Einar Rivero of
Elos Ayta Consultancy reports this increase
half a trillion dollars.Interest rate trends, especially in the United States, influenced this $489 billion increase
(Photo Internet reproduction)Microsoft, with a market value of $2.992 trillion, follows
It has a market value of $1.871 trillion, up by $116 billion in 2024.Amazon and Meta, the company behind Facebook, round out the list
They have market values of $1.621 trillion and $1.004 trillion, respectively.BackgroundThe remarkable growth in the value of tech giants
First, it boosts stock markets, showing strong investor confidence in technology firms.This rise often leads to more investments in tech
However, for non-tech shares, the scenario differs.Investors might shift focus to tech stocks, possibly leading to less attention and
investment in other sectors.This shift can affect the growth and value of non-tech companies.The increasing power of these tech giants also
They gain significant influence over markets, trends, and even consumer choices.This influence can lead to less competition as smaller
companies struggle to compete.For consumers, dealing with such powerful companies has mixed effects
On one hand, they benefit from innovative products and services.
