Tech Stock Drop, My Opinion

So far tech industries have been advancing fast in technology with stock prices growing at a fast rate. Companies such as AMD, INTEL, NVIDIA, and QUALCOMM were growing at an astonishing rate. AMD went from about 11$ per share in early January 2018 to over 32$ close to the end of September and INTEL experienced similar growth from about 47$ per share January 2018 to a little over 57$ per share in early June 2018.

The other tech stocks followed a similar trend. Then towards the start of October tech stock dropped hard! It was a reported 5% down due to the Federal Reserve increasing the interest rate by 25 points to 2.25$ up from 2%. AMD dropped about 10% and INTEL close to 8% with NVIDIA being hit hard with 15%. Since the beginning of October, things have stabilized, but this begs the question of how the future economic state of the United States will be.

Yes, we have been recovering from this massive stock drop, but the fact of the matter is that the interest is going to increase quickly by the end of 2018. The United States has been experiencing a high rate of growth with a low-interest rate of under 1% since 2008, with October starting with 2.25% interest and not to mention the tariffs that have been placed by President Trump on imported goods. Chip manufactures that operate primarily in different parts of Asia are going to be hit pretty hard. I sense that a lot of tech stock or others may drop hard sometime in 2020 and will result in an increase in their prices. I mean Apple is beginning to set a trend with 999$ premium smartphone with various increments in between, up from the once normal 650$ price tag. 

TLDR; is that with all the events happening in the financial sector are a few things that shifted out of the norm from stock crashes to a shift in smartphone price patterns. It leads me to believe there will be some drastic changes in the economy in the next 1-2 years.