Willy Lee, a partner at venture capital firm Neostellar Capital, said; "We are in a period where people tend to sell stocks because capital expenditures are too high
Willy Lee, a partner at venture capital firm Neostellar Capital, said: "We are in a period where people tend to sell stocks because capital expenditures are too high. And Microsoft, Meta and Amazon are joining hands with Google's parent company Alphabet to spend money like crazy. As they continue to spend, we'll see the market take a hard look at all aspects of their businesses.