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  • viraj.catanxs

    •

    3 months

    The Unexpected Freefall

    Obi might have warned about tech stocks being overvalued—particularly the "high-flying" growth stocks in areas like cloud computing, social media, and semiconductors. He might have even predicted that a lack of new, groundbreaking products could hurt the stock prices of companies reliant on constant innovation. Perhaps he anticipated a slowdown in the pace of technological breakthroughs, especially in areas like wearables, AR/VR, or even smartphones foreseeing a disruption in the tech space driven by blockchain, cryptocurrency, and decentralized finance. Tech companies that didn’t adapt quickly enough or engage with these emerging sectors could see their stock prices fall. [Read here](https://medium.com/@shawnweru/market-meltdown-unfolds-tech-titans-tumble-as-grandmaster-obis-call-comes-true-1d03ffdf0abc) for future details
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