RudyAsh

 10 Apr 24

tl;dr

The technology sector (XLK) returns are expected to come under pressure as generative artificial intelligence matures, according to Alexandra Wilson-Elizondo, co-chief investment officer of multi-asset solutions at Goldman Sachs. In an interview with Bloomberg, she mentioned that the firm’s Asset Ma...

The technology sector (XLK) returns are expected to come under pressure as generative artificial intelligence matures, according to Alexandra Wilson-Elizondo, co-chief investment officer of multi-asset solutions at Goldman Sachs. In an interview with Bloomberg, she mentioned that the firm’s Asset Management team is taking profits out of some tech sector names and into cheaper companies from sectors like energy (XLE) and Japanese shares (EWJ, DXJ). Wilson-Elizondo highlighted that the risk-reward profile of the tech industry (XLK) is “skewed to the downside,” and while her team is still long equities, they believe there are more attractive opportunities to access. Notable year-to-date performances include Nvidia (NVDA) up 72.36%, Apple (AAPL) down 12.71%, Microsoft up 11.87%, Alphabet (GOOGL) up 11.29%, Amazon (AMZN) up 21.47%, and Meta Platforms (META) up 44.71%. However, Tesla (TSLA) is down significantly at -30.69% due to concerns over electric vehicle demand. Goldman analysts are holding overweight positions on energy (XLE) shares as a hedge against inflation and geopolitics. S&P Oil and Gas (XOP) is up 16.98% year-to-date, nearing June 2022 highs. Wilson-Elizondo also noted that the U.S. economy is “on track for a soft landing,” but there is still risk for a change in trajectory. Her team is cautious on utilities (XLU), REITs (REIT:IND, REIT), and small caps (SPSM) due to their sensitivity to high-interest rates. However, some small-cap stocks seem attractive because of their cheap valuations and may be targets for AI companies.

More about NVIDIA Corporation

NVIDIA Corporation

Nvidia Corporation is an American multinational technology company incorporated in Delaware and based in Santa Clara, California. It designs graphics processing units (GPUs) for the gaming and professional markets, as well as system on a chip units (SoCs) for the mobile computing and automotive market.

Industry: MANUFACTURING, SEMICONDUCTORS & RELATED DEVICES

Market Cap: 213.38B

Current Price: $71.43

Change: $0.16

PE Ratio: 11.95

EPS: $24.68

Dividend Yield: 0.488%

Revenue: $60.92B

Net Income: $990.08M

Debt to Equity: 7.61

Price to Book: 2.653

More about Apple Inc
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More about Alphabet Inc Class A
Alphabet Inc Class A Summary

Alphabet Inc Class A Summary

Alphabet Inc. is an American multinational conglomerate headquartered in Mountain View, California. It was created through a restructuring of Google on October 2, 2015, and became the parent company of Google and several former Google subsidiaries. The two co-founders of Google remained as controlling shareholders, board members, and employees at Alphabet. Alphabet is the world's fourth-largest technology company by revenue and one of the world's most valuable companies.

Key Information

Industry: Technology

Services: Computer Programming, Data Processing, etc.

Market Cap: $1,953,130,873,000

Price: $27.05

Dividend Yield: None

EPS: $5.79

P/E Ratio: 24.34

Beta: 0.24

Volume: 307,393,987,000

Net Change: $163.28

% Change: 0.56%

Yield: 0.135

More about Amazon.com Inc
Amazon.com Inc Summary

Amazon.com Inc Summary

Amazon.com, Inc. is an American multinational technology company which focuses on e-commerce, cloud computing, digital streaming, and artificial intelligence. It is one of the Big Five companies in the U.S. information technology industry, along with Google, Apple, Microsoft, and Facebook. The company has been referred to as one of the most influential economic and cultural forces in the world, as well as the world's most valuable brand.

Industry & Sector

Industry: TRADE & SERVICES

Sector: RETAIL-CATALOG & MAIL-ORDER HOUSES

Key Financials

Market Cap: $1,928,628,535,000

Current Price: $3,500

Dividend Yield: 2.9%

Price/Earnings Ratio: 55.78

EPS: $0.0529

Revenue: $574,784,995,000

Net Income: $209.62

EBITDA: $50.69

Debt/Equity: 0.139

More about Meta Platforms Inc.
Meta Platforms Inc. Summary

Meta Platforms, Inc. develops products that enable people to connect and share with friends and family through mobile devices, PCs, virtual reality headsets, wearables and home devices around the world. The company is headquartered in Menlo Park, California.

Sector: TECHNOLOGY

Industry: SERVICES-COMPUTER PROGRAMMING, DATA PROCESSING, ETC.

Market Cap: 1,323,781,194,000

Current Price: $34.92

Dividend Yield: 0%

52-Week Range: $14.87 - $52.41

EPS: $0.29

Shares Outstanding: 13,490,199,800

PE Ratio: 478.47

Beta: 2.002

Volatility: 0.247

More about Tesla Inc

Company: Tesla Inc

Industry: Manufacturing, Motor Vehicles & Passenger Car Bodies

Revenue: $56,332,569,800

Net Profit Margin: 4.3%

Operating Margin: 30.49%

Return on Assets: 0.155

Market Cap: $96,772,997,000

Stock Price: $189.83

Earnings per Share: 1.115

Dividend Yield: 0.035%

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Disclaimer

The opinions expressed by the writers at Grow My Bag are their own and do not reflect the official stance of Grow My Bag. The content provided on our site is not intended as investment advice, and Grow My Bag is not an investment advisor. We do not endorse buying or selling any cryptocurrencies or digital assets mentioned in our articles. High-risk investments in Bitcoin, cryptocurrencies, and digital assets require thorough due diligence, and all transfers and trades made are at your own risk. Grow My Bag is not responsible for any potential losses and participates in affiliate marketing.
 22 Nov 24
 22 Nov 24
 22 Nov 24