© 2024 Swell Asset Management
Our investment in Zillow has been one of our most disappointing, and if we thought we could effectively redeploy the proceeds into a better investment, we would do it immediately. We have stayed the course on Zillow because we believe in what management is doing, although the turnaround has taken longer to play out than … Continued
The S&P 500 is up 36% from September 2022 lows and 60% of the unexpected performance is attributed to the Magnificent Seven. The seven stocks — Alphabet (+68% YTD), Amazon (+60% YTD), Apple (+50% YTD), Meta (+196% YTD), Microsoft (+77% YTD), Nvidia (+303% YTD) and Tesla (+70% YTD) — have collectively risen nearly 117%, far … Continued
I believe the transition we are seeing right now with AI will be the most profound in our lifetimes, far bigger than the shift to mobile or to the web before it. This new era of models represents one of the biggest science and engineering efforts we’ve undertaken as a company. Alphabet CEO Sundar Pichai … Continued
You would have to be living under a rock to have missed the machinations swirling around OpenAI in the last few days. Following the abrupt board decision to remove CEO Sam Altman and chair Greg Brockman on Friday, board members apparently spent the weekend negotiating with different parties, allegedly sustaining themselves on bubble tea from … Continued
At the Ignite event held 15-17 November Microsoft announced 100 AI innovations to further empower customers, partners and developers to unlock the potential of its technology. The latest Work Trend Index surveying enterprise users participating in the eight month Copilot trial reported they not only felt more creative and efficient, but more importantly, their productivity … Continued
In a rapidly evolving world, the healthcare sector is at a crossroads of myriad challenges and opportunities. This insight identifies five key drivers propelling GE Healthcare: an ageing population with escalating prevalence of chronic diseases, the shift towards precision medicine, the utilisation of AI and the pursuit of innovation to enhance diagnostic imaging and expand … Continued
Meta showcased recent advancements in virtual reality (VR), augmented reality (AR), mixed reality (MR) and artificial intelligence (AI) in its annual conference, Meta Connect. The company’s announcements demonstrate Meta’s superior ability to remain competitive not only in social media but also in the wider technology realm. Quest 3 – Mixed reality for everyone Meta’s vision … Continued
Google Cloud showcased innovations in various stages of development over the three days of its Google Cloud Next 2023 conference held in San Francisco last week. The predominant focus of the event was generative AI, and with more than 160 features announced it is difficult to select highlights, but here are a few standout offerings. … Continued
I recently contributed to Hans Lee‘s $10,000 idea series on LiveWire, recommending three high quality companies including Intercontinental Exchange (ICE), a global operator of exchanges and clearinghouses that facilitate trading in a wide range of financial and commodity markets. Founded in 2000, ICE has emerged as a leading player in the industry, offering a diverse portfolio … Continued
Netflix reported second-quarter earnings results on July 20 at 0800 AEST. The stock was down 8% post-earnings but up 48% year to date. Was the decline warranted? Let’s walk through 3 key elements from the results and explore the implications for investors. Subscriber growth boosted by password-sharing crackdown Advertising-tier unlocks future growth for the patient investor … Continued
