The first half of 2022 has been brutal for cryptocurrencies with the market losing hundreds of billions of dollars in value following weeks of turmoil.

Private equity firms have heaps of capital at their disposal but rising financing costs now makes it increasingly difficult to close acquisitions. Software had been a particularly hot sector before the slump due to its consistent cash flows.

Waters Corporation, based in Milford, Massachusetts, is a publicly traded analytical laboratory instrument and software firm. It employs more than 7,800 people and it is present in more than 35 countries including Singapore, India, Germany, and Japan.

Cobalt, nickel, and lithium, which are all essential for the manufacturing of batteries of EVs, are leading the cost increase in the average raw material costs for EVs.

No one knows the extent to which higher rates could cool inflation and some investors are concerned that if the Fed raises rates too quickly or by too much, the economy may enter a recession.

Rising interest rates, high inflation, and economic uncertainty have all had an impact on tech valuations, but not so much in enterprise software. According to CIOs, demand is stable as firms continue to realign themselves around cloud computing and data.