We just don’t hear much about the hundreds of private tech companies that get swallowed up by Google, Cisco, Oracle, Microsoft, Apple, Salesforce and the rest of the big serial acquirers. The last behemoth takeover was when Dell bought EMC for $67 billion in late 2015. In June of last year, Microsoft shelled out a whopping $26 billion for LinkedIn, making it the priciest company the tech titan has ever bought.

In addition, while hundreds of companies use “financial engineering” techniques (issue cheap debt to buy back stock to reduce share float to shore up earnings for lack of revenue growth), the leading tech companies continue to post strong top-line growth that fuels bottom-line earnings, which also augments stock repurchase programs. Plus, tech stocks for the most part are apolitical and don’t get pushed and pulled by overarching changes in health care, tax, energy and financial regulation policies that materially can impact those sectors with high exposure.