Not even the coronavirus can stop tech. The market as a whole might be coming under pressure, but that hasn’t stopped some of tech’s biggest leaders from giving absolutely astounding earning’s reports. Veteran companies with massive market caps are achieving the kinds of earnings numbers that someone would expect to see out of up and coming startups. The cloud services industry has given Silicon Valley firms a path to profit margins and cash flow that used to be impossible. And as for semiconductors, we still can’t have the modern economy without them. Outside news like coronavirus might still cause some instability in the short term, but in the long term, the outlook is good. If that pressure keeps up, then this could be a great chance to buy great stocks for great prices. Click here to watch.
When we spoke a few days ago, I noted how my friend “Pete” had passed on recommending Apple Inc. (AAPL) to his Wall Street clients.
This was back in 1997, around the time the late Steve Jobs returned to run the Silicon Valley Legend. Since then, the stock has experienced the kind of gains that can turn $10,000 into $3,433,860.
Today, I have another anecdote to share with you regarding Apple. This one involves a friend I will call “Steve.”
Back in the summer of 2012, Steve told me over lunch that he had recently sold all his Apple stock. He said he did so because he felt that the new CEO Tim Cook would never match the innovation that occurred under Jobs.
It’s possible I need to make savvier friends…just saying…both missed the boat on Apple – and left a lot of money on the table.
Under Cook, Apple has continued its historic run, rising as much as 395.6% in a little more than eight years.
If you think China‘s tech sector is all about playing copycat, think again.
The United States has fallen behind in a key field after leading for It lies at the heart of such cutting technologies as Artificial Intelligence, machine learning, Big Data, even cracking the mysteries of the universe.
Of course, I’m talking about supercomputing. You see, China unveiled the world’s fastest computing last year. And in a slap in the face for Silicon Valley, did so without U.S. chips.
That’s why on June 14, the U.S. Department of Energy (DoE) said it will provide a three-year, 258 million grant to six American tech leaders. The goal is simple: reclaim the top spot from China.
Doing so includes not just computing, but advances in the brains that runs these machines and semiconductors.