52 week highs for technology stock prices

I’m getting push notifications that a bunch of large technology companies, outside the ‘Magnificent Seven’, are trading at their highest stock prices in a year’s time.

I think that is a good sign for startups and venture capital as that sends a strong signal where the new valuations after the Covid boom are. It will also likely make public companies more willing to start doing M&A again, as the shares are not ‘undervalued’.

Author: Henrik Torstensson

Partner at Alliance VC. Investing in Nordic early-stage tech startups.

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