Shares of technology giant Google plummeted 9.51% at a time of market instability. What is happening? Is this the beginning of a bubble bursting in the technology sector?
As Christmas approaches, a traditionally positive time for the market, we observe worrying movements. Banks, like Barclays, signal cost cuts due to pressure on margins, something typical of the end of the cycle. Meanwhile, other giants, such as Citigroup and Bank of America, are also showing signs of wear.
Interestingly, Bitcoin has been going against the traditional market, presenting a different behavior and reinforcing its image as "digital gold".
Returning to the technology sector, despite exceeding profit estimates, Alphabet, Google's holding company, had a weak performance on its cloud platform, worrying investors. This year, around 12,000 employees were laid off by Alphabet, representing around 6% of its global workforce.
Interest rates in the US continue to rise, putting even more pressure on tech companies. With Christmas approaching, investors and analysts await the market's next movements. After all, which bubble will burst first? And how will Bitcoin continue to behave in the face of these uncertainties?
