The COVID-19 pandemic has caused turmoil in many industries, but there is one industry that has benefited. Valuations in the tech industry continue to skyrocket as many companies in the sector have also benefited from the pandemic. According to one hedge fund, valuations in the tech sector have finally gotten rich. Q3 2020 hedge fund letters, conferences and more Corona Rich tech valuations In their third-quarter newsletter, which was reviewed by ValueWalk, the First Wilshire team noted that after the first-quarter plunge and the second-quarter rebound, the third quarter was less volatile. The NASDAQ-100 was the best-performing index during the…
First Wilshire Q3 Letter: COVID-19 has been a gift for tech companies
Michelle deBoer-Jones
Michelle deBoer-Jones is editor-in-chief of Hedge Fund Alpha. She also writes comparative analyses of stocks for TipRanks and runs Providence Writing Services. Previously, she was a television news producer for eight years, producing the morning news programs for NBC affiliates in Evansville, Indiana and Huntsville, Alabama and spending a short time at the CBS affiliate in Huntsville.