- (1:30) – Will NVIDIA Shares Continue To Rally Into 2024?
- (6:25) – Who Will Emerge The Big Winner In The AI Race?
- (9:15) – What Can We Expect From Apple In The New Year?
- (13:45) – The Future of Self Driving Cars
- (17:00) – What Mega Cap Stocks Should You Have In Your Portfolio For 2024?
- (19:55) – Can Emerging Tech Stocks Continue To Outperform?
- (21:50) – Innovator Deepwater Frontier Tech ETF: LOUP
- (25:20) – Episode Roundup: META, TSLA, AMZN, MSFT, AAPL, GOOGL, TSM, MBLY, ASML, QQQM
- Podcast@Zacks.com
In this episode of ETF Spotlight, I speak with Gene Munster, Managing Partner at Deepwater Asset Management, about the outlook for the “Magnificent Seven” and emerging technology stocks.
The biggest market story of the year is the incredible rise of the world’s most valuable technology firms. Can these tech titans continue to shine in 2024?
Shares of Nvidia NVDA, which currently holds more than 85% of the market for generative-AI chips, are up more than 240% this year. Despite the eye-popping surge, the valuation is actually more attractive now since estimates have gone up substantially.
Google parent Alphabet GOOGL has been investing in AI for years and was seen as an AI leader earlier, but has taken a cautious approach to the technology. Microsoft MSFT emerged as an early winner in the AI race thanks to its partnership with OpenAI.
But the AI trade is just beginning, and the race will heat up next year. Who will emerge as a winner in the generative AI arms race?
Apple AAPL is reported to be investing billions to catch up with its Silicon Valley rivals in the AI frenzy. The world’s most valuable company plans to bring Generative AI to all its devices, according to Bloomberg.
Tesla TSLA recently announced a ‘recall’ for more than 2 million vehicles over an autopilot issue. The EV giant will roll out a software remedy to fix the problems. What does it mean for the future of self-driving vehicles?
Among mega-cap stocks, Google, Apple, and Taiwan Semiconductor TSM are Gene’s top picks for 2024.
Emerging tech stocks have outperformed the Nasdaq-100 ETF QQQ over the past few weeks as investors hope that interest rates will continue to decline next year. These were beaten down earlier, along with other risk-sensitive areas.
The Innovator Deepwater Frontier Tech ETF LOUP invests in technology companies that are leading the next wave of innovation. AMD AMD and ASML ASML are among its holdings.
Tune in to the podcast to learn more.
Make sure to be on the lookout for the next edition of ETF Spotlight! If you have any comments or questions, please email podcast@zacks.com.
Want key ETF info delivered straight to your inbox?
Zacks’ free Fund Newsletter will brief you on top news and analysis, as well as top-performing ETFs, each week.
Apple Inc. (AAPL) : Free Stock Analysis Report
Advanced Micro Devices, Inc. (AMD) : Free Stock Analysis Report
Microsoft Corporation (MSFT) : Free Stock Analysis Report
NVIDIA Corporation (NVDA) : Free Stock Analysis Report
ASML Holding N.V. (ASML) : Free Stock Analysis Report
Taiwan Semiconductor Manufacturing Company Ltd. (TSM) : Free Stock Analysis Report
Tesla, Inc. (TSLA) : Free Stock Analysis Report
Invesco QQQ (QQQ): ETF Research Reports
Alphabet Inc. (GOOGL) : Free Stock Analysis Report
Innovator Deepwater Frontier Tech ETF (LOUP): ETF Research Reports
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Image and article originally from www.nasdaq.com. Read the original article here.