According to Cyrus Mewawalla (head of thematic research at GlobalData and data analytics consultancy firm GlobalData), large U.S. tech stock will withstand inflation and continue rising in 2019 thanks to many emerging technologies.

Mewawalla stated Monday on CNBC that technology firms can benefit from Web 3.0, cryptocurrencies, and quantum computing if their operations are in those areas.

He stated, “If you are in that space you will benefit almost regardless of macroeconomic problems.”

On Monday, tech-rich Nasdaq 100 dropped nearly 1%. The S&P 500 and the Nasdaq Composite are coming off four straight days of losses. As interest rates continue to rise, stocks have suffered a difficult start to the new year.

The big tech companies invest billions in new technologies which have the potential for fundamentally changing the way that we live and work.

Facebook’s name was changed at the end of 2011. MetaIts focus is on the metaverse, a virtual realm where people can interact through digital avatars. These virtual reality headsets such as Oculus allow for control of virtual reality and virtual reality. Other firms include Google MicrosoftThey have also created VR headsets. AppleIt is believed that she may be in the process of creating one.

A number of tech titans are currently researching commercial applications for quantum computer technology, and Meta intends to launch the cryptocurrency Diem. Web 3.0 has been hailed by many but most have not spoken out.

Apple last week saw the completion of its valuation rise to more than $3 trillionIt is the largest tech company worldwide and it has the highest stock price in America. According to Mewawalla, the iPhone maker may see a lower share price than other Big Tech companies this year.

According to him, Apple’s valuation is likely to be the lowest and it will grow least from there. Apple has an extremely strong ecosystem that is well executed. So I see very little downside risk. However, I do see greater upside potential in large tech stocks.

When Mewawalla was asked if Apple will offer more upside surprises this year, Mewawalla replied that CEO Tim Cook had been “absolutely fantastic” in the past 10 years. This has helped to increase its market capital from $350 billion up to $3 trillion.

He said that “But, in those times, there has been virtually no innovation except for possibly the Apple Watch, which operating system operates system is an extension of iOS.” The Apple TV wasn’t really a big product, so it was somewhat of a failure. Talk of electric cars and other blockbuster products is now commonplace. This could be an autonomous vehicle. It could be smart glasses. It’s difficult to know until there is more evidence, as Apple is well-known for being secretive.

Mewawalla stated that Amazon and Alphabet, Google’s parent company, are most vulnerable in terms of regulation. He also said they have a range of problems including antitrust, copyright, and data privacy. He doesn’t think there will be anything significant in the near future, however.

On acquisitions, Mewawalla said they will become “highly restricted” in the future, adding that the U.K. and other countries are introducing new M&A laws to prevent companies from becoming too big and powerful.

“I believe acquisition strategy will have to change, and it will have to account for greater regulatory scrutiny,” said he.