/biz/ - Business & Finance

Why are Tech stocks so pumped while more meaningful stocks are not? Anonymous Mon Jul 24 17:35:44 2023 No.55651139 [View]
File: 25 KB, 708x499, not a bubble though.png [View same] [iqdb] [saucenao] [google]

I seriously don't get it.
Apple? don't own any of those products
Google? all their services I use for free
Microsoft? I pirate most of their stuff
Graphics cards? I'm still using a GTX 1070 since games don't make the same graphical jumps as they did 10 years ago.

What I want to say with this is, that I spend even less on tech stuff than in the past, yet these stocks are skyhigh?
Meanwhile, stuff that I have to buy (need) and has gone way up like oil/gas/electricity/food etc. have not caused their relevant stocks to pump hard.
Like electricity companies, oil and gas companies, food companies have not done the same jumps as tech stocks?

Why is this?

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