Not all Big Tech stocks will soar next year, said Loup Ventures founder Gene Munster.
The venture capitalist and former tech stocks analyst told CNBC on Thursday that investors need to pay close attention to individual technology companies to find out what worked in 2020, and what didn’t.
Munster also said that Amazon will do well, while Facebook and Netflix will “start to fade away as FAANG fractures in 2021.”
Calling a bubble in Big Tech stocks has been a prominent concern throughout 2020 as the technology sector soared. But Munster said investors shouldn’t label the entire tech sector “as a bubble or not a bubble.”
Instead, investors should examine individual technology companies and brace for a FAANG fracturing.
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