The COVID-19 pandemic has caused turmoil in many industries, but there is one industry that has benefited. Valuations in the tech industry continue to skyrocket as many companies in the sector have also benefited from the pandemic. According to one hedge fund, valuations in the tech sector have finally gotten rich.
Q3 2020 hedge fund letters, conferences and more
Corona
Rich tech valuations
In their third-quarter newsletter, which was reviewed by ValueWalk, the First Wilshire team noted that after the first-quarter plunge and the second-quarter rebound, the third quarter was less volatile. The NASDAQ-100 was the best-performing index during the third quarter even though it entered correction territory briefly.
The First Wilshire...
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