In the tech sector, two stocks stand out for their attractive valuations and potential for long-term growth. NVIDIA has seen its shares skyrocket by 209% in the past year on the back of impressive revenue and profit growth. While trading at a premium compared to the sector average, its sustained healthy growth makes it a … Read more
Nvidia stock has increased by 200% over the past year, contributing significantly to the tech-heavy S&P 500 hitting record levels. Along with Microsoft and Apple, Nvidia represents over 20% of the S&P 500’s value. Northeastern University’s Vincent Muscolino highlights the growing dominance of large companies like Nvidia, which is reshaping the tech industry and challenging … Read more
Artificial intelligence has been a hot topic in technology investing, with companies like Nvidia, Alphabet, and Microsoft making headlines. However, there is one stock that often goes unnoticed by investors – Motorola Solutions. According to Trent Masters of Alphinity Investment Management, Motorola is a strong player in the public safety market, with about 70% of … Read more
The Technology Select Sector SPDR Fund (XLK), managed by State Street Global Advisors, is increasing its exposure to Nvidia by purchasing about $10 billion in Nvidia shares. This move comes after Nvidia surpassed Microsoft to become the world’s most valuable company. The changes in the fund’s holdings are being made to align with pending changes … Read more
Telefónica Tech and IBM have joined forces in Spain to tap into the growing interest in AI among companies. A recent IBM study shows that almost half of Spanish companies using AI have ramped up their investments in this area over the past two years. This presents a prime opportunity for Telefónica Tech and IBM … Read more
Adobe and Broadcom recently reported their quarterly financial results, which seem to be positive indicators for the rest of the technology sector. Adobe, a software company known for products like Photoshop and Acrobat, reported better-than-expected earnings and revenue for the quarter. The company saw a 47% increase in revenue compared to the same period last … Read more
Mozilla addressed a YouTube playback problem that was affecting certain Firefox users, specifically with high-resolution videos. After months of investigation, the issue was traced back to an incorrect VP9 muxed byte stream served by YouTube, which was not a regression on Firefox’s part. This led to videos playing fine in some instances but stopping abruptly … Read more
Nvidia Corp has reportedly acquired Shoreline, a software startup, for around $100 million. The acquisition, recently finalized, aims to enhance Nvidia’s capabilities in identifying and resolving computer system issues through automation. Shoreline, founded in 2019 by Anurag Gupta, specializes in software development and has received backing from investors like Dawn Capital and Knowledge Partners. Nvidia, … Read more
Venu Krishna, the head of U.S. equity strategy and global equity-linked strategies at Barclays, recently shared a list of stocks he recommends to offset market concentration in big tech stocks. He emphasized the importance of finding stocks outside of the tech sector that offer value over the long term. Through a methodology focused on fundamental … Read more
Google, a dominant tech company known for its search engine, is facing challenges in the AI race that could potentially disrupt its industry. With AI aiming to provide immediate answers to questions, companies like Microsoft and Amazon are strategically positioning themselves to take advantage of this shift. Microsoft’s Azure cloud computing services, advanced data center … Read more