US Tech Stocks Poised to Rebound in 2021: Martin Sorrell

• UK ad mogul Martin Sorrell believes that US tech stocks such as Meta Platforms Inc (NASDAQ: META), Amazon.com Inc (NASDAQ: AMZN) and Alphabet Inc (NASDAQ: GOOGL) will rebound this year.
• This is despite the fact that there are still some underlying economic headwinds to overcome.
• Sorrell believes that Meta Platforms will rebound “extremely strongly this year” due to their efforts to thrive in the midst of top competition.

UK ad mogul Martin Sorrell has shared his opinion on the potential of American tech stocks in the face of global economic distress. As reported by CNBC, Sorrell sees a good year for Facebook parent company Meta Platforms Inc (NASDAQ: META), as well as retail giant Amazon.com Inc (NASDAQ: AMZN) and Alphabet Inc (NASDAQ: GOOGL).

Advertising spending has reduced over the past year, contributing to the woes of Meta Platforms. However, Sorrell believes that the easing of the crackdown from Beijing is a positive growth factor for the US tech stocks. He believes that Meta Platforms will rebound “extremely strongly this year” due to their efforts to thrive in the midst of top competition.

Sorrell noted that despite the fact that there are still some underlying economic headwinds to overcome, the easing of the restrictions from Beijing will help the US tech stocks to rebound. He also noted that Meta Platforms’ efforts to stay ahead of the competition, such as the use of Reels and Business Messenger, will be key to their success.

Sorrell believes that the US tech stocks will be able to successfully rebound this year despite the economic downturn. He noted that the US tech stocks are well-positioned to benefit from the easing of the restrictions from Beijing and the efforts of Meta Platforms to stay ahead of the competition. Sorrell concluded that investors should keep an eye on the US tech stocks as they are likely to bounce back in the near future.