|Day's Range||5.10 - 6.15|
Artificial intelligence and this week's market melt-up are driving mega cap tech stocks higher. Yardeni Research President Ed Yardeni joins Yahoo Finance Live to discuss the trends seen across the tech space and the potential to broaden out to other industries.
Let's consider two excellent candidates: PayPal (NASDAQ: PYPL) and Apple (NASDAQ: AAPL). PayPal is an easy and obvious choice for investors looking to ride the fintech coattails through the end of the decade and beyond. The company is one of the leaders in this industry and has built a highly recognizable brand name.
Unity Software (NYSE: U) got some of its mojo back this month thanks to the announcement of Apple's (NASDAQ: AAPL) latest product -- the Vision Pro. Apple says is a "revolutionary spatial computer that seamlessly blends digital content with the physical world, while allowing users to stay present and connected to others." Revealed at Apple's recent Worldwide Developers Conference, the Vision Pro is a mixed-reality headset that "lets users interact with digital content in a way that feels like it is physically present in their space."
Approximately $266 billion of Berkshire Hathaway's $347 billion investment portfolio is tied up in a handful of brand-name companies.
Apple (AAPL) closed at $180.57 in the latest trading session, marking a +1.55% move from the prior day.
This week, Apple – the company that popularised the MP3 player with the iPod, smartphone with the iPhone and wireless headphones with AirPods – unveiled its latest new product. The tech firm is hoping that the Apple Vision Pro, a virtual-reality headset that can also show and augment the real world in front of you, will create yet another new category of electronics.
New tools include proof of age and changes to Apple’s services offerings
Apple and "Fortnite" maker Epic Games on Wednesday both asked a U.S. appeals court to reconsider its April ruling in an antitrust case that could force Apple to change payment practices in its App Store. Apple and Epic, in separate court filings, mounted challenges to a ruling by a three-judge panel of the San Francisco-based 9th U.S. Circuit Court of Appeals. Lawyers for the two companies said the panel should rehear the case or the court should convene "en banc," as an 11-judge panel, to reconsider the dispute.
These companies are excellent long-term options thanks to their solid positions in two crucial markets.
The Nasdaq is home to many of the best growth stocks in the world. Some of them have generated life-changing returns for investors, including Apple (NASDAQ: AAPL), Nvidia (NASDAQ: NVDA), and Idexx Laboratories (NASDAQ: IDXX).
It's important to remember that the share price of any given stock reflects how the market values it in a given moment. Share price can tell you a lot, but it doesn't tell you everything. Looking beyond share price at the underlying business and its core financials is how you discern whether you're looking at a great company with a clear path to growth ahead.
Apple (NASDAQ: AAPL) is the largest company in the world today with a $2.9 trillion market capitalization. In dollar terms, an investment of $1,000 in Apple stock at its IPO would be worth over $1.8 million today! Companies developing electric vehicles (EVs), artificial intelligence (AI), and cybersecurity could be the best candidates.
Recent technological advances shed light on virtual reality (VR) in recent months, making it an industry worth keeping a close eye on. Meta Platforms and Sony have dominated the VR space with their respective headsets for years. Meta has pivoted its business almost completely toward VR development and the metaverse.
The term -- and the concept behind it -- came from Neal Stephenson's 1992 sci-fi bestseller Snow Crash, but it only gained more mainstream attention over the past few years as more advanced virtual reality (VR) and augmented reality (AR) headsets hit the market. The bulls believe the metaverse will eventually blur the lines between the physical and digital worlds by enhancing real-world environments with digital overlays, virtually transporting people to both imaginary places and digital twins of real-world locations, and enabling people to remotely interact with each other without PCs or smartphones. It could also revolutionize video games by replacing monitors, TVs, consoles, and controllers with mixed-reality headsets.
After the release of the generative artificial intelligence chatbox ChatGPT, it was basically a given that most large tech companies would be looking to integrate the technology into their business. Being one of the largest consumer tech companies in the world, Apple is certainly no exception. Apple's CEO Tim Cook said that he recently tried ChatGPT and thinks there is great potential and that the company is looking at the technology closely.
Shares of Apple (NASDAQ: AAPL) approached an all-time high when the Vision Pro headset was announced. With a $3,500 price tag, this ultrapremium product is a hard sell for most people, but it could be sneakily important to Apple's future.
From Google Glass to Magic Leap to Meta's Oculus division, tens of billions of dollars have gone into building computing goggles, with minimal returns to show for it. After Facebook changed its name to Meta (NASDAQ: META) in 2021 and said it was investing at least $10 billion a year into building AR and VR products, industry hype went into overdrive and the term "metaverse" became a household name. Apple revealed its Vision Pro augmented reality device to the world this week, which looks like sleek skiing or snorkeling goggles.
Second, Apple (NASDAQ: AAPL) said it was working with Unity to develop mixed-reality apps for its new Vision Pro headset during its Worldwide Developers Conference on June 5. Is it the right time to buy Unity as a turnaround play, or is it too late to hop on the bandwagon? Its revenue rose 43% in 2020, climbed 44% in 2021, and management claimed the company could maintain an annual growth rate of 30% over the "long term."
Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B) owns shares of nearly 50 stocks, but Warren Buffett didn't personally pick all of them. A few positions were initiated by Berkshire's investment managers. Wall Street thinks this stock could make Buffett the most money over the next 12 months.
A growing dividend and a track record of market-beating success has these stocks at the top of my buy list.
Brand-name tech stocks were popular buys (and sells) among billionaire money managers during the first quarter.
Warren Buffett, the billionaire CEO of Berkshire Hathaway, hasn't earned the nickname "The Oracle of Omaha'' for nothing. His company's stock doubled the annual return of the S&P 500 from 1965 to...
Investors who stuck with growth names during last year's sell-off have been rewarded during 2023's rally.