Blackstone CEO Schwarzman says investors can buy both pricey tech and cheap stocks that haven’t yet rebounded
- Blackstone CEO Stephen Schwarzman said investors can buy both expensive technology companies right now and companies that have not yet rebounded.
- “Not all companies have recovered their valuations,” the billionaire co-founder said. “So it gives you a chance to play some technology things … and it also is possible to buy some other companies that haven’t yet rebounded to the same degree.”
- Schwarzman said that the rapidly growing “digital revolution” will continue to support technology companies.
Blackstone CEO Stephen Schwarzman said both expensive technology companies and companies that have not yet rebounded are attractive investments in a panel at the CNBC Institutional Investor Delivering Alpha Conference on Wednesday.
The billionaire co-founder said that while a lot of technology stocks are trading at “very high valuations,” they can still be good investments because the world is rapidly becoming