Sectors: Technology
Alphabet has corrected ~24% from the $US200 area, in line with a weaker performance across the AI space, which has led to the correction in Big Tech. The Google parent company posted a cloud revenue miss in February as it ramps up spending on artificial intelligence (AI), worrying investors that the mega-cap technology company may fall short of its aspirations in the AI space.
Alphabet has corrected ~24% from the $US200 area, in line with a weaker performance across the AI space, which has led to the correction in Big Tech. The Google parent company posted a cloud revenue miss in February as it ramps up spending on artificial intelligence (AI), worrying investors that the mega-cap technology company may fall short of its aspirations in the AI space.
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Nvidia is giving us two sections for one this week! This week’s chart comes with some context regarding the company’s position. Last week, Nvidia Corp. Chief Executive Officer Jensen Huang’s two hours on stage on Tuesday at a packed arena in San Jose, California, took a distinctly different direction from many tech companies.
TNE bounced +3% on Thursday as the enterprise software solutions company attracted some bargain hunters. This is an excellent business with a recurring annual revenue of approximately $470 million.
SDR bounced +4% on Thursday, but its ~5% revenue miss in February is still weighing on the stock, which remains over 30% below its late 2024 high.
Hi Market Matters Team
Can I Have your current view on James Hardie.
Would you sell JHX to fund the purchase of CAR or HUB. If so would your preference be CAR or HUB.
regards
Debbie
first of all you guys should be proud of the product you are putting out.
Trying to get my head around what is happening in the USA for Australian listed stocks. Not after advise but thoughts.
KPG is buying into practices, and repatriating profits, is this a no no ie repatriating profits, even though you are doing business in USA. Life 360, duel listed, HQ in USA, is this good. SPZ, Australian listed, no business in Australia but expanding in the USA, do they pass muster. So just looking for USA facing stocks that may have legs.
Thanks Terry
Property platform Zillow reported quarterly results last month that were ahead of expectations, though 1Q25 guidance disappointed due to the tough property conditions in the US
META delivered strong fourth-quarter earnings and revenue in January with sales +21% year over year, driving a +49% increase in earnings, pushing the stock to fresh highs. They are ‘killing it’ in AI and have been one of the best performers in the Mag 7. However, it has since retreated in sync with the general tech sell-off.
