Tag: trillion

A look inside Europe’s $7 trillion technology market

There’s no doubt US tech stocks have thrived in 2020, but a raft of their European counterparts have returned huge profits for investors during the first six months of this year.

Sinch, the Stockholm-based cloud telecoms firm, is up a teeth-kissing 170% year-to-date. Second-best is Dutch fintech play Adyen: its market cap grew from $223 billion to $389.4 billion, driving its stock price up by 74%.

The NASDAQ 100 (NDX) is commonly used as a benchmark for the US tech industry. 17 tech firms in Europe have outperformed the NDX this year.
The NASDAQ 100 (NDX) is commonly used as a benchmark for the US tech industry. 17 tech firms in Europe have outperformed the NDX this year.

Swedish accounting gem Fortnox just beat Germany’s TeamViewer

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