2024-03-26 14:11:24
Over the past three months, a whole series of leaders of American technology giants, like Jeff Bezos and Mark Zuckerberg, have sold hundreds of millions of dollars worth of shares in their own companies. And this, at a level never seen in three years. Is this the end of the craze for American technology?
Although common, these sales of shares in the internet and new technologies sector give rise to much speculation. It must be said that they can mean a lot of things.
Some wonder, for example, if these operations, which are public and very supervised, do not mark the end of the craze for American technology. In this sense, these sell-offs might mean that managers are looking to recoup cash to invest elsewhere, suggesting that markets may have peaked.
The bosses do not necessarily reveal why they sell so many shares in such a short period of time, so it is open to rumors and various interpretations.
Prudence
However, Jérôme Schupp, financial analyst at Prime Partners, calls for caution, emphasizing that artificial intelligence is no longer the subject of irrational enthusiasm. He believes that the market is aware of the opportunities offered by artificial intelligence and the limits of certain companies in taking advantage of them.
“We are in a healthier situation than in 2020 or 2021,” he explains in La Matinale, a time when even companies in difficulty benefited from the rise in the market. Today, investors are really focusing on the financially strongest technology companies, he continues. “So we don’t expect a massive correction in American technology stocks.”
In conclusion, it seems that this is not the end of the party in the technology sector, where the giants continue to generate solid profits, indicating a general positive mood despite the stock sales of executives.
Frédéric Mamais/fgn
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