GAFAM Embarks on New Ventures: A Comprehensive Analysis of the Latest Moves by U.S. Big Tech!

Many U.S. stocks such as GAFAM, Tesla, and BlackRock are positive about the development of blockchain-related technologies, and there is a strong view that the country will be a driving force behind Web 3.0.

However, the U.S. is challenged by unprecedented inflation, and the policy rate is at a 22-year high of 5.25 ~5.50%. The high interest rates are a headwind for growth stocks, which need funding and are concentrated in tech companies, and stock prices are likely to fluctuate depending on economic and interest rate conditions in 2024.