signaled earlier and quicker short-term interest rate increases ahead, and Wall Street strategists are predicting as many as four rate hikes this year. If the Fed does in fact raise interest rates as aggressively as anticipated, it will drive up borrowing costs, and the tighter financial conditions could cause significant volatility for stocks including tech. .
Nevertheless, despite all the macroeconomic and regulatory pressures, Alphabet, Apple and Meta remain the best long-term bets among the Big Tech giants. Meanwhile, Apple and Meta stocks are riding the metaverse wave. Meta, formerly known as Facebook, was one of the first major tech companies to announce it would be shifting its focus toward the future and the metaverse, and investors are hyped up about the prospects. Apple hasn’t announced any plans to get involved in the metaverse landscape, but analysts seem to believe the iPhone maker will join in and ultimately reap some benefits.
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