The basic reason why tech stocks are doing badly with increased interest rates is simply that their profits are further out in the future; as interest rates rise, the further out in the future your cash flows are, the more heavily discounted they are.
How I Meta Your Verse
The basic reason why tech stocks are doing badly with increased interest rates is simply that their profits are further out in the future; as interest rates rise, the further out in the future your cash flows are, the more heavily discounted they are.