The upward movement we're seeing in prices is not transitory and big tech will suffer from it, says one financial advisor.
The metaverse is Silicon Valley's latest obsession, but it will need to come with guardrails to prevent the kind of abuses that plague social media platforms.
Three of the U.S.'s largest companies: Alphabet (NASDAQ: GOOGL) (NASDAQ: GOOG), Microsoft (NASDAQ: MSFT), and Facebook (NASDAQ: FB) reported bumper earnings. Alphabet's second quarter 2021 results were incredible. Yes, a good portion of this growth is the result of an easy year-over-year comp because Alphabet was lapping its first ever revenue decline in its core advertising business last year due to COVID.