The Death of Big Tech

Why we believe big tech is "dead".


Welcome to the Golden Eagle Eye - Eye on the Stock Market segment featuring macroeconomic and stock market commentary. We have Robert Zuccaro with us, Founder & CIO of Golden Eagle Strategies. He is a quant pioneer specializing in aggressive growth stock investing and author of the book "How Wall Street Reshaped America’s Destiny".

Today, we discuss the death of big tech.

I want to talk about the death of big tech. Over the past 10 years, and this is 10 years ending 2021:

- Google's sales grew by 23% annualized, in the last quarter they grew by 6%.

- Apple grew its revenues by 13% annualized for 10 years, their rate of growth has dropped 8%.

- Facebook (or renamed Meta) annualized at 15%, their sales were -4% in the last quarter.

- Amazon annualized 27%, dropping to 15%.

- Netflix annualized 26%, dropping to 6%.

- Microsoft annualized 14%, dropping to -2%.

- Tesla annualized 64%, dropping to 24%.

And you know what's very interesting in the current environment, this surprised me. In the last quarter, S&P revenues grew on average 13% versus 8% for NASDAQ companies. So that underscores a trend that big tech, and we're talking about the big tech companies, will never dominate like they have in the 10-year period ending 2021.

Technology still has a big footprint on the US economy. However, the tech companies that are going to lead the way up will be small to mid-size tech companies that will be growing very rapidly. As a result of that, once again, the NASDAQ over the next five years, over the next 10 years should outperform the S&P 500index.

To receive more information, contact us here.

This transcript was generated by software and may not accurately reflect exactly what was said.

Please note, that the thoughts expressed in this podcast are those of the presenter. This is not, nor should it be considered an offer or a solicitation of an offer for investment.

Back >>

The Death of Big Tech

Why we believe big tech is "dead".

download (PDF)
Back >>