MSFT 437.49 1.4587% AAPL 242.99 0.1401% NVDA 145.11 3.4579% GOOGL 174.36 1.7626% GOOG 176.05 1.7512% AMZN 218.21 2.2348% META 613.54 -0.0179% AVGO 170.365 1.3173% TSLA 357.75 1.8013% TSM 200.69 0.905% LLY 833.585 2.4904% V 310.57 -0.7795% JPM 243.555 -0.5167% UNH 610.73 0.9087% NVO 109.26 0.0549% WMT 94.295 0.8395% LVMUY 127.2 -0.9269% XOM 114.29 -2.8724% LVMHF 638.8 -0.6084% MA 521.685 -0.8543%
Following are the three main industry’s themes:
Outlook for American Technology Looks Bright
The technology sector appears to be moving at a favorable pace, following a recovery in the chip market, among other factors. It is to be noted that the ongoing adoption of cloud computing solutions, driven by the growing use of AI and ML technologies, is the key positive factor. In addition, constant improvement in electronic devices and chief breakthrough enhancements might lead to continuing adoption of wearables and smart-connectivity solutions, containing smart speakers and virtual reality/augmented reality (VR/AR) devices.
Moreover, technical progress in the telecommunication sector on enhanced implementation of 5G technology and increasing attempts in the direction of modification in Internet infrastructure may act as tailwinds. In 2021, Blockchain technology shined out of the shadows of crypto currency just like bitcoin. Further, the quantum computing market may also be propelled by the increasing demand for model ability boost and simulation of complicated data.
The American Technology Report aims to cover stocks with growing fundamentals and an attractive business model to support their growth stories. The companies in technology space offer growth opportunities from a medium to long-term perspective.