Big tech companies as a whole surpassed earnings estimates, with Alphabet, Microsoft, Meta, Apple, and Amazon reporting better-than-expected numbers. So, at a time when these large cap tech stocks seem to be making a comeback, and investing heavily in generative AI which appears to be 'the next big thing', is it time to look at investing in FAANG stocks? Watch!
Barring Facebook and Netflix, to a certain extent, other giants have delivered confidence-boosting earnings, which shows that their businesses are on a sound footing to face the challenges of the macroeconomic environment
A rally in the US market has been driven by a handful of leading tech stocks and consequently, it is not surprising that most asset managers have reasonably high exposure to them.
We believe that investing abroad is a much-needed geographic diversification strategy for investors in India. They should look to allocate 10-15% of their portfolio to international markets.