Ming-Chi Kuo: Tech Has Yet to Factor In Levels of Global Uncertainty

Image by TheDigitalWay from Pixabay

07 April 2022 - Encouraging as Piper Sandler’s Taking Stock with Teens survey may be, there’s more to the world than what a 16-year-old thinks will happen (no offense to 16-year-olds). TF International analyst Ming-Chi Kuo hit with a truly sobering Tweet in the wee small hours of Thursday morning. Translated to English, the message said:

At present, most consumer electronics brands’ orders cut only reflect the impact of the Russian-Ukrainian war on the market demand of these two countries. These brands still haven’t taken into account (or are still unwilling to admit) the further impact on consumer confidence and shipment forecasts of events, including global inflation, the damage to the European economy from the Russian-Ukrainian conflict, and the recent COVID-19 lockdown in China. It will be the most considerable risk for tech stocks in the following months.

Apologies, by the way. I said the Tweet was “sobering.” I was actually sober when I read it, though the Tweet did make me question why I spend so much time in that unaltered state.