Innovation remains the return driver – the cloud saves the profit

Frankfurt Rising interest rates are poison for stocks. Tech stocks, which are often highly valued, hit capital market interest rates twice. Financing costs are rising and future corporate profits have to compete with higher interest rates.

That depresses the rating. On the other hand, the big tech stocks in particular have often proven to be surprisingly stable in crises. In the long run, the sector should always produce new, interesting companies. Investors who think long-term can hardly avoid tech stocks.

Matt Moberg tries not to be impressed by the current price turmoil. He has worked for the fund company Franklin Templeton for more than 20 years. Based in San Mateo in Silicon Valley, he pays particular attention to the tech scene, most of which takes place on his doorstep.

He focuses on the topic of innovation. In the long term, he is convinced, values ​​are created where technical progress takes place. These values ​​should eventually become visible in the stock price.