Year 2022 will be remembered as the year that many tech companies and stocks crash down.
A brew of macro headwinds with the likes of higher interest rates and slower growth put a heavy pressure on companies to perform in this difficult environment. As a result, many companies reported slower earnings growth, and several names have to cut jobs in order to protect their operating margins.
The share price of many of these companies retreated soon after.
However, this does not dent and impact the performance of this emerging digital tech innovator – Impinj Inc. (Nasdaq: PI).
Shares of Impinj are up by about 30% this year alone in 2022.
Previously, the company’s share performance has surged by 78%, 62%, and 112% in the last 3 respective years and it is up by 415% in the past 5 years.
Still, the company is just worth at about $3b, so there will be more room to grow for this company as the world continues to evolve around digital technology...