Why are Tech stocks so pumped while more meaningful stocks are not?

[Anonymous No.55651139]

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?

[Anonymous No.55651155]

>>55651139

I means we are heading for a hard landing anon. Probably this fall. Great depression 2.0

[Anonymous No.55651169]

>>55651155
but a hard landing for tech stocks only? or the entire market?
Because it would then make no sense for oil companies etc to fall extremely hard when they are making more profit than ever because of le ukraine crisis

[Anonymous No.55651173]

>>55651139
Don't ask. Just buy

[Anonymous No.55651235]

>>55651139
Speculative bubble. People are trained to dump money into "high growth" tech stocks from 10+ years of QE, fueling the tech stock ponzis.

[Anonymous No.55651343]

>>55651173
Nice try schlomo, better luck next time
>>55651235
>People are trained
what do you mean? tricked by media to buy tech stocks or?

[Anonymous No.55651369]

>>55651139
it's almost like poorfags like you don't contribute anything to the economy and thus don't influence the stock market at all.

[Anonymous No.55651372]

>>55651343
>what do you mean? tricked by media to buy tech stocks or?
It was the highest performing class of equities in the normie markets for over a decade, so people are used to the idea of buying in. Yes, fueled by the media talking heads but also their financial (((advisors))).

[Anonymous No.55651400]

>>55651369
That is true, but even poor people like me need oil/food/electricity yet these companies who have made even more profit increases have not had their stocks pump this extremely hard.

[Anonymous No.55651555]

>>55651400
>oil/food/electricity
the companies producing those also mostly make their money from serving the industry, not some private households whose consumption is mostly constant and doesn't scale with a profit margin as it's the case for businesses.
compute capabilities as offered by the tech companies you mentioned are still in heavy demand worldwide. doesn't mean that shit like NVDA isn't overvalued but that's how markets work.

[Anonymous No.55651658]

>>55651139
You will be enslaved by fagman and you will be happy
https://youtu.be/UrEUzKTt7j0

[Anonymous No.55651680]

>>55651658
noooooooooo...