That’s because tech companies tend to promise future profit in exchange for present money. When rates are low, that proposition appears attractive because returns are low elsewhere. But when rates are high, those promises don’t seem as attractive as less risky returns from assets such as Treasurys.
The past two years have demolished this narrative. Tech has soared even as interest rates have been at 23-year highs, thanks to enthusiasm over artificial intelligence’s promise of new and explosive revenue streams.
Ultratech : gotta look at the undervalued stocks in the dollar range
Credible Commerce Ultratech : Can u give example
Ultratech Credible Commerce : $NASDAQ (NASDAQ.US)$