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https://www.barrons.com/articles/tech-stocks-hardware-software-internet-51657817947
With second-quarter-earnings season fast approaching, Wall Street analysts are rushing to chop price targets, earnings estimates and in some cases stock ratings ahead of what could be a difficult period for technology shares.
The toxic brew of soaring inflation, higher interest rates, softening consumer demand, unfavorable currency-exchange rates, ongoing component shortages, the lingering effects of the pandemic on Chinese electronics manufacturers, and increasing concerns about an imminent recession are hitting every corner of the technology world—chips, software, hardware, and e-commerce. It is an issue for both small and large businesses, for consumer-facing companies and those that serve enterprise customers.
With second-quarter-earnings season fast approaching, Wall Street analysts are rushing to chop price targets, earnings estimates and in some cases stock ratings ahead of what could be a difficult period for technology shares.
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