The 20-somethings betting big on tech stocks
Young retail investors are increasingly turning to tech stocks and AI-related assets to combat inflation and build wealth. While some have seen significant gains, analysts warn of high volatility and the risks of speculative investing.
Why it matters
Reflects a broader trend of younger generations entering the stock market due to economic pressures and the influence of social media.
Image source, Michelle Huynh Image caption, Michelle Huynh, 26, started investing in 2018
In her teens, Michelle Huynh, the eldest daughter of migrant parents in Australia, made a promise to her family that she would become a millionaire by the time she turned 30.
The 26-year-old describes it as "a somewhat silly promise" inspired by the sacrifices her non-English-speaking parents made to raise the family.
But she is trying to make that dream come true by investing her savings in the stock market.
"Times are so different and investing has become a necessity," says Huynh, who works in sales for a tech firm. "It feels like our purchasing power is shrinking. This is the only way to combat that."
This year, the technology-driven surge in stock markets has edged her closer to that goal.
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