The US Tech Sector surged to fresh all-time highs overnight, led by a 5.2% surge by Nvidia (NVDA US), the shining light. At the close, the $US3 trillion dollar AI behemoth had a larger market cap than Apple Inc (AAPL US), illustrating perfectly how things change in this rapidly evolving sector. The so-called “Magnificent Seven” should really be the “Super Six”, with Tesla (TSLA US) down 30% year-to-date, having themselves evolved and performed very differently over the last year, hence our consideration of where MM should be invested across the influential space.
- We have been looking for this “pop” to fresh highs by the US tech index, and we’re now 50-50 in which direction the next 10% move will unfold, though the trend at this stage remains firmly up.
This morning, we have looked at the 3 largest public companies on the US market, all big tech, if anybody needs a reminder of the future. Today’s note is more about our “Opinion & Action” as opposed to regurgitating the ins and outs of these household names.
