Nasdaq 100 analysis: Valuations look lofty as it hits 14-month high
Tech stocks look real expensive right now.
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Tech stocks look real expensive right now.
NVIDIA is on course to hit a $1 trillion valuation as artificial intelligence provides fresh momentum for the best performer in the S&P 500 this year.
Apple, Microsoft, Alphabet, Meta and Amazon will decide how the Nasdaq 100 performs considering they make up 44% of the tech-heavy index.
Amazon’s growth prospects have deteriorated, and its profits could be vulnerable as a result.
Alphabet delivered its slowest sales growth ever as the advertisers and cloud computing clients reduce their spending.
Apple sales fell for the first time in three years and missed expectations for the first time since 2016.
Meta shares are surging higher after regaining the confidence of the markets.
Apple’s most important quarter for sales was hit by supply chain disruption in China.
Amazon is expected to deliver the slowest sales growth on record for any key holiday shopping season when it releases fourth quarter results.
Revenue growth is set to stall to its slowest pace on record thanks to softer demand for digital advertising.
Meta must demonstrate it can cut costs to protect profitability and cashflow in what will be another challenging year in 2023.
Microsoft is expected to report its slowest topline growth in over five years and the first drop in earnings in over eight.
Amazon has started to cut the fat after expanding its workforce rapidly during the pandemic.
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