What tech boom? A homebuilder, 3 cruise lines, and Chipotle have all outperformed Apple and Microsoft on the S&P 500 this year
The tech stock boom of 2023 is getting some of its thunder stolen by unlikely rivals – from tourism, real estate and food industries.
Meanwhile, Apple and Microsoft stocks have gained 45% and 38% respectively so far this year despite benefiting from the strongest investment theme of the year – the rise of artificial intelligence. Apple and Microsoft – the two biggest companies in the world by market value – trailing non-tech names in the stock market seems to support the argument of some market experts that the tech-share surge is overhyped and overstretched.warned last month that the AI-focused investor frenzy in the tech sector reminds him of the dot-com bubble of the late 1990s. Bank of America Global Research's CIO Michael Hartnett and TAM Asset Management's CIO James Penny too have expressed similar views.
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
A Soft Corporate-Earnings Season Poses Next Test for Stock Market RallyInvestors look to earnings reports for insight into how corporate profits are holding up against inflation and constrained consumer demand
Les mer »
Tom Brady Lost $30 Million in FTX Stock After Exchange’s Collapse, Report – Exchanges Bitcoin NewsFormer NFL quarterback Tom Brady has reportedly lost tens of millions of U.S. dollars in stock of the failed crypto exchange FTX.
Les mer »
Asian Stock Market: Remains mixed amid sheer fall in China’s PPI, oil correctsMarkets in the Asian domain have shown a decent recovery on Monday despite a sheer slowdown in China’s consumer and Producer Price Index (PPI) and wag
Les mer »
Forex Today: Stocks Slip on Chinese Inflation DataChinese CPI at Zero; Stock Markets Lower; Yen, Aussie Weaken; USD/JPY Rising Again
Les mer »
U.S. stock futures retreat as inflation data and earnings season loomStock futures were lower as the poor sentiment of recent sessions remained.
Les mer »
Nanobiotix’s stock soars after entering licensing, development deal with J&J’s Janssen PharmaceuticaShares of Nanobiotix SA shot up 52.1% toward a 17-month high in premarket trading Monday, after the France-based biotechnology company announced a global...
Les mer »