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The tech companies have faced severe selling pressure on concerns over the Fed raising rates several times this year to control multi-decade high inflation. While a rising-interest-rate environment could mar the growth of technology companies, it could be wise to consider FAANG stocks, which represent $Meta Platforms(FB.US$ , formerly known as Facebook, $Amazon(AMZN.US$ $Apple(AAPL.US$ , $Alphabet-A(GOOGL.US$ $Alphabet-C(GOOG.US$ , and ...
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$Microsoft(MSFT.US$ On Tuesday morning, local time in the United States, Microsoft issued an official statement saying that it will acquire the gaming giant Activision Blizzard for $95 per share, with a transaction value of $68.7 billion. Boosted by the news, Activision Blizzard closed up 25.88% on Tuesday, while Microsoft's shares closed down 2.43%, dragged down by the broader market sell-off in technology stocks. $Activision Blizzard(ATVI.US$