(Bloomberg) — According to the latest Bloomberg Markets Live Pulse survey, investing in the largest US tech stocks is not just a play on innovation but also a potential defense against inflation.
Gold has long been considered a safe haven, with 46% of survey participants still viewing it as the top protection against rising prices. However, nearly a third of respondents are turning to tech giants like Nvidia Corp., Amazon.com Inc., and Meta Platforms Inc. for this purpose.
This shift underscores the significant influence these companies have in the US financial markets, as they continue to expand their reach across various sectors of the economy. Their ability to consistently generate profits has fueled investor confidence in their ability to deliver strong returns.
While inflation in the US has eased from the high levels seen in 2022, it has exceeded economists’ forecasts in the first quarter of this year…
2024-05-12 19:00:20
Originally published on finance.yahoo.com