Long journey for ACN before recovery

29 мар. 2023 г.

ACN growth has been fueled (just like many other technology stocks) by post-COVID "digitalization hype" in combination with quantitative easing. We have entered the period of rationalization some months ago and it will take up to 3y for the stock to gain a significant momentum (unless there is a dramatic economic/political event - i.e. end of the Ukraine conflict in which case the stock would be again driven by emotions rather than organic technology market evolution).