All the big tech companies have made a huge amount of profit during the period of this pandemic and also before it because of their uncompetitive behaviour among each other as all the companies are focused on making new products which will capture the market for them.
All the big tech company have a hold of the stock market in the last few months with Apple (AAPL stock), Microsoft (MSFT stock), Amazon (amazon stock price), Facebook (FB stock).
Almost every tech company has risen about 20% in their profit and also their shares are being sold more every day. Facebook’s share has risen over 162%, Amazon has risen over 405%, Apple has risen over 272%, and Microsoft has risen over 285% of the stock in the current year.
Should big tech companies be worried?
If Biden wins the election then he is sure to bring some changes in the policy of trading and also the companies so according to the investors and stock market personnel the big tech companies should be worried about a huge fall in stock.
due to a survey of CNN Joe Biden is currently on the lead to become the 59thy President of the US and it shows that almost 42% people have voted for Trump while 54% of people are voting for Biden to make him the new president.
It is not the matter of who wins the election but the matter is that who so ever becomes the president will have a little to take from the tech company and this loss is not measured in months but it will be available to see in the coming year after someone becomes the president.
The owner of Alphabet company which is Microsoft tells us that whoever becomes the president is not a matter as they won’t affect only just the stock of one company but will attack the stock share of every big tech company.
Whatever the impact of the election Amazons stock price might not be changing as even in the pandemic situation it has faced a loss but had instantly recovered from that loss within a time span of one or two weeks.
Amazon had closed its stock at around a profit of 17% rise in its total stock sold after the pandemic. The analysts make a prediction that whoever wins there will be a try from the other to remove him and take control but this might result in no changes as only there are 35 seats of Senator available to change which will affect the companies. If you want to invest in amazon stock, you can check its cash flow at https://www.webull.com/cash-flow/nasdaq-amzn.
Disclaimer: The analysis information is for reference only and does not constitute an investment recommendation.