If you were to describe the technology sector in 2023, a classic 1960s movie set in 19th-century Mexico would probably represent an accurate analogy. Will the rest of the tech sector catch up to the likes of Apple and Tesla, or are tougher times set to continue? Interest rate hikes also increased the cost of raising capital and weakened growth prospects, leading to these firms implementing considerable cost-cutting measures, including large-scale redundancies. The broader technology sector has not experienced a disastrous year despite massive job losses and subdued confidence. Will 2024 be better for small and mid-cap tech stocks?

Source: Daily Mail December 24, 2023 14:28 UTC