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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
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
Since January 2023 the stock market has been surprisingly strong despite negative macro data points and sentiment heading into 2023. Consider the following forecasts made by investment bank market strategists at the start of the year. The S&P 500 was trading at 4,472 on 13 July 2023 when this article was written. The limited number … Continued
Microsoft’s Chief Financial Officer, Amy Hood and Executive Vice President of AI and Chief Technology Officer, Kevin Scott, recently outlined the company’s vision and strategy for artificial intelligence (AI) in a riveting discussion specifically for investors. The pair detailed their perspectives on the potential of AI, its likely effects on productivity across various sectors and … Continued
The cyclical nature of enterprise cloud spend is a positive signal. It validates the flexible and scalable nature of cloud computing and thus its long term value to business users. 4Q22 results – slowing growth and cautious outlook Q4 earnings from the largest public cloud providers show a gloomy year ahead for cloud spend. Amazon … Continued
The downturn in the price of high-growth tech stocks has been sudden and has led some commentators to voice concerns about a tech-driven crash similar to the “dotcom bubble” bursting in 1999-2000. This is simply not a fair comparison for our companies. Big tech value The “dotcom bubble” was characterised by companies with questionable business … Continued
Opening Microsoft’s 2021 Build conference, CEO Satya Nadella said [In the future] There will be no such thing as the tech sector. The world will be transformed through tech intensity at scale. Every organisation will not only need to adopt the latest technology but more importantly build their own unique digital technology or be left behind. The change is … Continued
Last week Microsoft announced it will acquire AI solutions company Nuance Communications for $19.7 billion. Nuance was a pioneer in speech recognition technology with its Dragon software which was famously used to power early versions of Apple’s Siri. Dragon is used by 70% of US hospitals, 75% of radiologists and 80% of Fortune 100 companies. … Continued
In 2017 we suggested Augmented Reality/Virtual Reality could be the next computing platform, with forecast sales of $80 billion by 2025. At the time Apple had just launched its ARKit framework, Microsoft had launched its HoloLens headset, and Magic Leap had raised $2 billion to develop its highly secretive Magic Leap 1. Terminology Over the … Continued
