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Techsector

All articles tagged with #techsector

business-and-finance2 years ago•2 min saved

"Alphabet Inc. (GOOG) Defies Market Trends, Nears All-Time Highs"

Alphabet's stock (GOOGL) is defying the broader tech sector's downturn, highlighted as a stock to watch by IBD due to its resilience and potential buy point. The company's recent growth can be attributed to its advancements in artificial intelligence, particularly with the launch of its AI product, Gemini, and the integration of AI in its digital ads business. Despite a hiccup in cloud services revenue, Google's strong third-quarter results and high ratings from Investor's Business Daily, with a Composite Rating of 96 and an EPS Rating of 97, have contributed to its stock's stability. The stock is also supported by significant mutual fund and ETF ownership.

via Investor's Business Daily|

##alphabet #artificialintelligence

business-and-finance2 years ago•9 min saved

"Apple Downgrade Sparks Tech Slide, Hits Market and iPhone Outlook"

Asian-Pacific stock markets, particularly in South Korea and Taiwan, experienced declines as tech firms, including major chipmakers, faced pressure following a downgrade of Apple by Barclays. Apple's shares fell 4% after the downgrade, which also affected its suppliers in Asia, leading to lower market indexes in the region. In other news, India's factory activity slowed, China's online gaming stocks gained after a regulatory change, and BYD's vehicle production topped Tesla's. Meanwhile, cybersecurity stocks were under pressure in the U.S. market.

via CNBC|

##appledowngrade #asiamarkets

finance-and-business2 years ago•2 min saved

"Global Stocks Waver as Rate Cut Hopes Dim and Markets Eye Economic Data"

Asian stock markets experienced declines, mirroring losses on Wall Street amid skepticism over the possibility of early interest rate cuts by the Federal Reserve. Weak economic data from China and a downgrade of its 2022 GDP figure contributed to concerns, particularly affecting the technology sector. Key Asian tech companies saw significant drops in their share prices, influenced by a negative outlook on Apple Inc's sales and caution ahead of the release of the Fed's meeting minutes. Despite recent optimism for rate cuts, the Fed's cautious stance on inflation and the labor market has tempered expectations. Markets are also awaiting U.S. employment data, which could impact sentiments further.

via Investing.com|

##asianstocks #federalreserve

business-and-finance2 years ago•3 min saved

"Tech Stocks Drag Down S&P and Nasdaq in 2024's Rocky Start"

The S&P 500 and Nasdaq Composite indices started 2024 on a downward note, primarily due to a decline in Apple shares after a Barclays downgrade and a general dip in big tech stocks as U.S. Treasury yields rose. Despite the previous year's gains fueled by AI optimism and stable inflation, tech stocks suffered from the prospect of less favorable interest rates. Healthcare was a strong sector, thanks to Moderna's surge after an upgrade by Oppenheimer. Meanwhile, Tesla remained flat despite record Q4 deliveries, and crypto stocks saw a boost as Bitcoin reached a price not seen since April 2022.

via Reuters.com|

##apple #business-and-finance

finance-and-business2 years ago•2 min saved

"China and Hong Kong Stocks Stumble into 2024 Amid Economic Uncertainty and US Rate Concerns"

Hong Kong stocks have opened 2024 with a decline, continuing a four-year losing streak, as China's manufacturing activity contracts for the third consecutive month and home sales plummet. The Hang Seng Index fell by 1.5%, with significant losses in tech and real estate shares, including Alibaba and Longfor Group Holdings. The downturn reflects broader economic challenges in China, despite President Xi Jinping's commitment to reforms and growth. Other Asian markets, however, experienced gains on the same day.

via South China Morning Post|

##chinaeconomy #finance-and-business

business-and-finance2 years ago•0 min saved

"Decade of Change: Reflecting on China's Internet Giants and KWEB ETF's Evolution"

Investors in China's major internet companies have faced significant losses over the past three years, with the sector experiencing a continuous downturn since 2021. The once thriving market has left investors questioning the future direction and potential recovery of these tech giants.

via The Wall Street Journal|

##business-and-finance #chinainternetgiants