Blake Anderson
Takeaways from Nvidia’s GPU Technology Conference
Nvidia hosted its annual GPU Technology Conference (“GTC”) this past week, showcasing its latest technology. This event marked the company’s first opportunity to address investor concerns following the DeepSeek-driven drawdown which raised questions about future demand for computing. Nvidia unequivocally painted a bullish picture, emphasizing how large language models (“LLMs”) have evolved significantly in recent …
Blake Anderson
March 25, 2025
A Less Than Magnificent Year
The Magnificent 7 group of stocks has seen a poor start to 2025. The group entered 2025 with premium valuations, and expectations for premium growth to continue. But earnings growth has only fallen in line with the broader market, and that represents a sharp slowdown compared to the group’s recent performance. Investors may be well …
Blake Anderson
March 17, 2025
Tumbling Technology
The stock price change of technology companies is on pace for the second worst start to a year in the last decade. Sector investment fund returns are notably lagging their recent historical averages even as earnings expectations have so far held up. Additionally, momentum-based correlations have broken down and index-based dispersion has increased, signaling that …
Blake Anderson
March 10, 2025
Nvidia’s Earnings Meet Expectations
Nvidia released its latest earnings report after market close on Wednesday, delivering results that largely met expectations. Despite increased volatility in the stock recently, which included a record one-day market cap loss, the company’s fundamentals appear strong, customer demand remains robust. While investors can never know with certainty how the future unfolds, Nvidia’s latest results …
Blake Anderson
February 27, 2025
Mighty Mid-Caps
Mid-Cap stocks have had a strong start to 2025. The iShares Russell Mid-Cap Growth ETF (trading under IWP) has outperformed both the S&P 500 and the Nasdaq 100 ETFs so far this year. In fact, the recent surge in this index is reaching historical levels, with concentration in the index at a decade-high. This heightened …
Blake Anderson
February 24, 2025
Under the Hood: Technology Earnings Conclude
Investors digested results from six of the ‘Magnificent 7’ in the past two weeks. After A Magnificent Year, it is time for the companies to deliver the rise in earnings to support their lofty stock prices. Unfortunately, only one company, Meta Platforms, shows positive performance since reporting. This stock price performance for the group reflects …
Blake Anderson
February 10, 2025
Project Stargate
Project Stargate was announced on January 21st, 2025. According to OpenAI, one of the partners in the project, Stargate aims to “invest $500 billion over the next four years building new AI infrastructure for OpenAI in the United States.”1 The newly created company will have its work cut out for it. Artificial Intelligence (AI) research …
Blake Anderson
February 3, 2025
Under the Hood: Technology Earnings Preview
Technology stocks find themselves at a pivotal crossroads ahead of this earnings season. Price action and fundamentals are beginning to send mixed signals. Active equity investors are likely to scrutinize both the quarter’s results and full-year outlook for the sector’s constituents to assess whether forward estimates are attainable. The technology sector, as proxied by XLK …
Blake Anderson
January 27, 2025
Innovations from CES 2025
The 2025 Consumer Electronics Show (“CES”) took place this past week. To say AI-focused products stole the spotlight would be an understatement – AI practically was the show. Leading the charge was Nvidia, with CEO Jensen Huang opening the conference to preview the company’s latest advancements. Other companies, such as Delta Airlines, displayed their AI …
Blake Anderson
January 13, 2025
Software AND Semiconductors
The age-old debate between technology investors was on prime display in 2024. While both the semiconductor and software industries had stellar performance in 2024 relative to broader market-cap weighted indices, it was a tale of two halves. I’m reminded, often, how debates, such as ‘software or semis,’ surface throughout markets, but may often be distracting. …
Blake Anderson
January 6, 2025