Readers are encouraged to send questions for us to address in our upcoming publications.
Readers are encouraged to send questions for us to address in our upcoming publications.
In a year redefined by generative AI, globally, tech stocks have rebounded strongly. They have risen 25–30% so far in 2023, recovering most of the losses witnessed in 2022. This is despite muted earnings growth for tech in 1H23 as strong re-rating fueled by generative AI and restructuring efforts led to significant valuation multiple expansion, with global tech’s forward P/E rebounding from around 20x at the beginning of the year to 24–25x currently.
The strong turnaround in tech’s fortunes has been powered by the rising popularity of generative AI, which has taken the world by storm. Many consumers today can readily approach a chatbot to ask questions on anything that’s on their mind. In the same spirit, to answer the most frequently asked questions from investors on technology and related topics, we introduced our “TechGPT” publication in June 2023.
With strong mid-teen earnings growth expected for tech in 2024, we see no dearth of questions on tech as investors start to position for next year and also review their investments in 2023. Hence, we combine all the questions we have addressed so far into a consolidated “The TechGPT compendium” spread across six chapters focusing on AI, tactical drivers in tech, the latest fundamental outlook, new tech frontiers, regulations, and miscellaneous topics.
We hope you enjoy reading this report. And please send in questions regularly for us to address in our upcoming publications.
