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In the year There’s no doubt that 2022 was a disaster for tech stock investors. of Technology Select Sector SPDR Fund XLK It’s on track to end the year down more than 28 percent, but investors are looking ahead to 2023, hoping the new year will provide fresh incentives for tech stocks.
DataTrek Research recently compiled a list of several bold tech industry predictions that could drive the market by 2023. Here are seven important predictions for tech stock investors to consider.
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1. Apple, Inc. APL It bans the social media platform TikTok from the App Store.
A media executive has predicted that Apple will give China-owned TikTok the boot in 2023, CNBC recently reported. Florida Senator Marco Rubio recently introduced a bipartisan bill to completely ban TikTok in the US, and it would be good news for Apple to stop TikTok. Meta Platforms Inc META, Snap Inc SNAP And other social media competitors.
2. Netflix NFLX It merges with another company.
Two separate media executives have predicted that Netflix will agree to a major media merger by the end of 2023. An executive told CNBC that Netflix will merge. Paramount Global to the bAnother speculation Netflix will merge with The Walt Disney Company DIS to form a streaming video juggernaut.
3. YouTube gets rights to NFL Sunday Ticket.
As of Dec. 21, the NFL has not notified buyers of out-of-market Sunday afternoon packages for “Sunday Tickets” for the 2023-2024 season and beyond. A media executive told CNBC. Alphabet, Inc. GOOGLE GOOG Announces deal to buy Sunday Ticket rights for YouTube platform, but Amazon is also said to be in the running for Sunday Ticket.
4. Cryptocurrency and Web3 carnage continues.
The so-called crypto winter of 2022 led Bitcoin BTC/USD Prices and Ethereum ETH/USD Losing roughly two-thirds of their value this year. The crypto winter has sparked a number of high-profile Web3 losses, including FTX, Terra Luna, and Celsius, and The Verge predicts interest rates will rise and perhaps the fall of 2023 will continue the wave of Web3 startup failures.
5. Metavas plays an important role in e-commerce.
In a collection of 2023 technology trends predictions, Forbes highlights the growing role online marketing will play in 2023, including online shopping avatars and fully immersive marketing environments. If Metaverse is an integral part of the massive e-commerce market, like the Meta platform, NVIDIA Corporation NVDA And Advanced Micro Devices, Inc. AMD.
Related Link: Is Zuckerberg’s Metaverse Obsession Becoming A Problem For Investors?
6. Computer vision and deep learning technology streamline global supply chains.
Following more than a year of global supply chain issues, Amazon.com, Inc. AMZN CTO Werner Vogels predicts that technologies such as driverless fleets, autonomous warehouse technology and software simulations will help transform supply chains by 2023. Amazon leads the way in this type of supply chain optimization, but it can impact traditional retailers as well. Walmart Inc Wmt And older shipping companies like FedEx Corporation FDX.
7. AI will continue to grow and use a large amount of power.
In its 2023 technology forecasts, Gartner says artificial intelligence technology is on track to consume more energy globally than the entire workforce by 2025. That development is great news for leading tech stocks like AI, he said. Microsoft Corporation MSFTBut it could be good news for both old energy stocks Exxon Mobil Corp XOM And as an alternative energy reserves Inphase Energy Inc ENPH.
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