What is Tech Street?

Tech Street is a term which refers to the technology sector, which divides into subcategories such as semiconductors, software and gaming, personal computers, data storage, telecom, IT services, internet services, and a host of others. Tech Street includes companies like Meta (formerly Facebo✱ok), Google, Apple, IBM, Microsoft, and Texas Instruments.

Understanding Tech Street

Tech Street, as a term, is modeled on the metonymic uses of terms like 澳洲幸运5官方开奖结果体彩网:Wall Street, 澳洲幸运5官方开奖结果体彩网:Bay Street and Dalal Street for large stock exchanges. Whereas those refer to act🐲ual streets that house the headquarters of stock exchanges in the United States, Canada and India, respectively, Tech Street does not refer to an actuaওl location.

Financial news ꦆorganizations use the te🍎rm Tech Street in headlines to speak about movement or happenings in the technology sector.

Tech Street and the Rest of the Market

Tech Street is an crucial sector in the global market place and the financial markets. In today's world, technology helps facilitate global trade and allows investors to buy and sell securities with the click of a mouse.

Tech Street companies render important services to consumers as well as businesses. Over the years, the range of products and services represented by Tech Street has drastically expanded. Today, the technology sector is a large and diverse grab bag of industries and includes 澳洲幸运5官方开奖结果体彩网:cloud computing companies, television and home-appliance manufacturers, gaming and app companies, i෴nternet companies, and hardware manufacturers.

Four big 澳洲幸运5官方开奖结果体彩网:tech stocks are FANG, consisting of Meta (META), Amazon Inc. (AMZN), Netflix Inc. (NFLX), and Google-parent Alphabet Inc. (GOOG). Jim Cramer of "Mad Money" coined the acronym, and investors frequently compare the performance of FAN🧸G with market indexes.

Like the technology sector as a whole, the movement of FANG stocks largely determine the movement of the market. That is, when FANG goes up, the market goes up. When FANG goes down, the market goes down. FAANG is the same four stocks, with Apple I🧸nc. (AAPL) added in.

Example of How Tech Street Got Out of Hand

Many new and innovative companies are located in the technology field. This means there are plenty of 澳洲幸运5官方开奖结果体彩网:growth stocks in the space, and therefore, technology stocks tend to trade at high 澳洲幸运5官方开奖结果体彩网:price/earnings (P/E) multiples. While a high PE is one thing, it can ge🦩t out of hand.

During the 澳洲幸运5官方开奖结果体彩网:technology bubble leading into the 2000 stock market peak, many company stocks were skyrocketing, but the company had no sales, no revenue, and not even a business plan. The Nasdaq Composite rose more than 550% between mid-1995 and the 2000 peak. By late 2002 it had fallen by more than 75%.

Tech street companies are known for introducing sexy new products and innovations. In the 1990s, the allure was the internet and how it would change everything. The internet did drastically change things, but a business still needs a 澳洲幸运5官方开奖结果体彩网:business plan and growing earnings to flourish. The companies without these things ceased to exis🎐t