SVB collapse: How Google, Microsoft and Amazon see 'best week' in years - Saralmontech - Easy And Simple Tech - Simplified!

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SVB collapse: How Google, Microsoft and Amazon see 'best week' in years

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The US banking sector had a miserable week -- sparked by the collapse of Silicon Valley Bank and Signature Bank. However, the pain in the banking sector seems to have become a boon for the US' biggest technology companies that saw one of their best-ever week in years as investors rush to established names. The KBW Bank Index, which tracks 22 of the largest US lenders, sank almost 15% during the week.

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