More than once, the technology and internet world has crashed and burned, and often for far different reasons. The massive dot-com blow-up in 2000 and 2001 was the net result of literally hundreds of companies trading at absurd multiples (if they even had a multiple) based on the premise of how many eyeballs they were capturing, and the Wall Street graveyard remains littered with many of them.
The implosion of technology in 2022 is far different, as some of the biggest losers this year were some of the biggest winners over the past 10 years. Many continue to print massive profits. A new Goldman Sachs report highlights 11 top stocks that match the company’s 10 tech trends for 2023. All are Buy rated and are top ideas for the coming year.
This post appeared first at 24/7 Wall St.