![]() ![]() With enterprises of all sizes issuing layoff announcements, people will need to look for either employment or independent income opportunities. Moving forward, search engine demand will likely skyrocket. For all the competition that the Chinese (and the Russians to a lesser extent) throw at Google, they’ve utterly failed. As I write these words, Google owns 92.21% market share of the internet search engine sector. Still, a case exists for the underlying enterprise to be one of the top tech stock predictions for 2023.įundamentally, it comes down to an old argument: Alphabet’s Google ecosystem owns the internet. Since the beginning of this year, GOOG (Class C) shares dropped 38% in equity value. Once one of the high-flying names among the biggest innovators, Alphabet (NASDAQ: GOOG, NASDAQ: GOOGL) finds itself in unfamiliar territory. With that, Microsoft ranks among the best tech stock predictions for 2023. To be sure, one doesn’t need a standalone workplace communications investment anymore. Plus, hedge funds – or the smart money – really love MSFT, expanding their position since the first quarter of 2022. ![]() If not, the company’s other product categories can step up to the plate. Therefore, if work-from-home protocols remain permanent, Microsoft enjoys relevance. Second, the company rapidly moved into the workplace communications subsegment. In other words, if you want to succeed in business, you must be fluent in Microsoft. First, the company’s Windows brand dominates the desktop operating system industry with 75.11% market share. With MSFT shares down nearly 29% on a year-to-date basis, it’s an opportunity that market participants shouldn’t ignore.įundamentally, Microsoft really does it all within the broader business ecosystem. That’s because investors can reasonably bank on the relevant software (and hardware) giant. Nevertheless, with so much negativity baked in, intrepid investors can use the red ink to target the top tech stock predictions for 2023.Īmid the wild rumblings in the equities space, Microsoft (NASDAQ: MSFT) arguably provides the easiest case for top tech stock predictions for 2023. Unfortunately, such actions stymie the synergies necessary for upside success. Not surprisingly, the dour ecosystem led to many enterprises announcing layoffs. In addition, geopolitical flashpoints combined with struggles associated with the global supply chain crisis hurt innovation. Naturally, this disincentivized expansionary endeavors. By raising the benchmark interest rate to combat historically high inflation, the central bank also invariably increased borrowing costs. Fundamentally, the Federal Reserve imposed significant challenges on risk-on enterprises. For daring contrarians, the downfall of the equities sector throughout most of the outgoing year may translate to opportunities regarding the top tech stock predictions for 2023. ![]()
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