Investors were already worried about how artificial investment will turn into profits. That’s being compounded by fears of a broader economic slowdown.
While we always lump the magnificent seven – Apple, Alphabet, Amazon, Microsoft, Meta Platforms, Nvidia and Tesla – together as tech stocks, there’s an argument that only three of them really fit that tag.
Tesla is a car maker, Amazon is mainly a retailer, Apple is a consumer goods company, and Alphabet, which owns Google, is an advertising and media company.
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James Thomson is senior Chanticleer columnist based in Melbourne. He was the Companies editor and editor of BRW Magazine. Connect with James on Twitter. Email James at j.thomson@afr.com
