As big tech profit growth slows, investors hunt for a new thing

Quick Summary:

The stock market’s growth engine is running on fumes.

But it’s still almost half the price of the tech giants’ valuations.“You’re being overly risky being in just the megacaps,” said Phil Blancato, chief executive officer at Ladenburg Thalmann Asset Management.“You’re looking at companies that are trading at valuations that are quite rich.

Strip out Nvidia, arguably the biggest beneficiary of Wall Street’s AI mania, the rest of the group is expected to post a measly 3 percent increase in profits in 2025.

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Article Details

Author / Journalist: Jeran Wittenstein | Bloomberg

Category: BusinessStartups

Markets: Philippines

Topics: Earnings Nvidia Billion Percent Magnificent Investors Tech Seven Year Growth

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-09 @ 12:16:24 (2 weeks ago)

News Timezone: GMT +8:00

News Source URL: businessmirror.com.ph

Language: English

Article Length: 1067 words

Reading Time: 6 minutes read

Sentences: 40 lines

Sentence Length: 27 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Mirror

News ID: 24275484

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Main Topics: BusinessStartups

Official Website: businessmirror.com.ph

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News Last Updated: 10 hours ago

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