Let’s look at how well tech stocks performed in 2017.
It acted inanely.
Therefore let’s keep a record of the year’s results for our future selves.
Sure, we are aware that SaaS had a successful year and that the Nasdaq has been setting new milestones.
Yet in order to look back and remember, we must delve in and find the numbers.
Making a score
We’ll start with the standards that cause us concern:
- 2019 saw a 35% increase in the tech-heavy Nasdaq Composite.
- In 2019, the SaaS-heavy Bessemer Cloud Index increased 41%.
Here is what American technology companies most importantly offer:
- In 2019, Microsoft’s growth was roughly 55%.
- Apple saw a year-over-year growth of 86% in 2019.
- Unlikely to be overlooked, Facebook increased by 57% in 2019.
- Amazon reported personal earnings of 23% for the year 2019.
- Alphabet also managed to grow by 29%.
Let’s now go on to a couple businesses that, despite being smaller than the Big Five, cause us concern:
- Salesforce? increased by almost 19% in 2019
- In 2019, Adobe also increased by 46%, which was remarkable.
- In 2019, Intel increased by 28%, proving its success.
- Moreover, Oracle was able to grow by 17% in 2019.
The Wall Street Journal stated that U.S. funds “are poised for their biggest yearly performance in six years” due to the technology industry’s historical time of strength.
The list that was omitted
Surprisingly, several of the least fascinating public tech companies were 2019 IPOs in the sector.
Who didn’t perform well?
Uber earns a spot on this list despite being in the red both from its IPO price and its closing private valuations.
As you probably already knew, Lyft’s stock price is also declining from its IPO level, which is not good.
A few 2019 IPOs performed exceptionally well in the middle of the year but fell flat as the year came to a conclusion.
For example, Pinterest, Beyond Meat, and Zoom meet these requirements.
Although while it was frequently a party, many SaaS firms worked hard, and we believe they will eventually earn $1 billion in revenue.
The standard markets were great, and tech assets were high.
This assisted build another 100+ unicorns in the year 2019.
