Survey: Some people see Nvidia and other technology stocks as inflation hedging tools comparable to gold

Odaily News According to the latest Bloomberg Markets Live Pulse survey, some respondents said that the largest U.S. technology stocks are not only a bet on innovative industries, but also a possible hedge against inflation. 46% of respondents said that gold, which has been a safe haven for decades, is still seen as the best protection against the risk of rising prices. But nearly a third said that technology giants (stocks) are their first choice. The reaction highlights the dominant role that companies such as Nvidia, Amazon and Meta play in U.S. financial markets as they expand their influence on major areas of the U.S. economy. This allows them to generate stable profits, trigger rebounds, and convince investors that they will continue to be a source of stable income. (Bloomberg)