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Why this portfolio manager is 'concerned' right now

Why this portfolio manager is 'concerned' right now

Yahoo10-06-2025
The S&P 500 (^GSPC) is trading near all-time highs. But with tariff uncertainty still looming, Globalt Investments senior portfolio manager Keith Buchanan says he is still "concerned" about valuations being too high.
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2 Artificial Intelligence (AI) Stocks That Are Still on Sale After the Tech Rally
2 Artificial Intelligence (AI) Stocks That Are Still on Sale After the Tech Rally

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time12 minutes ago

  • Yahoo

2 Artificial Intelligence (AI) Stocks That Are Still on Sale After the Tech Rally

Key Points Alphabet successfully integrated AI across its search, cloud, and YouTube businesses at unmatched scale. IBM quietly transformed itself from a legacy technology company to a prominent enterprise AI player. Both Alphabet and IBM are trading at significant valuation discounts to their peers. 10 stocks we like better than Alphabet › The year 2025 has been very volatile for the stock market. Currently, the benchmark S&P 500 index is trading at nearly 29 times its trailing earnings, far higher than its historical median of 17.9 times. While this signals stretched valuations in the market, not all artificial intelligence (AI) stocks joined the frenzy. There are still companies, such as Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) and International Business Machines (NYSE: IBM), that possess cutting-edge AI capabilities, scale, brand name, and solid financials, trading at modest valuations. Here's why these stocks seem impressive picks in July 2025. Alphabet Alphabet is one of the few AI powerhouses that surprisingly remained affordable amid the AI-driven technology rally. Currently trading at just 18.7 times forward earnings, the company is significantly cheaper than other technology giants, such as Microsoft, which trades at 32.8 times forward earnings, and Nvidia, which trades at 36 times earnings. This discounted valuation appears highly unjustified considering Alphabet's exceptional financial strength and its robust and comprehensive AI ecosystem, which is strengthening its Search business as well as Google Cloud and YouTube. Alphabet delivered stellar performance in the second quarter of fiscal 2025 (ending June 30), with revenues and earnings surpassing consensus expectations. The company generated revenues of $96.4 billion, a 14% increase year over year, while net income reached $28.2 billion, representing 19% growth. This performance was mainly driven by the exceptional growth of its AI and cloud business. Alphabet's AI Overviews (a feature that provides direct answers and summaries at the top of search results) is currently serving over 2 billion users monthly across more than 200 countries and 40 languages. This is helping drive commercial queries for its Search business. Alphabet's Google Cloud business is also experiencing rapid growth, with deals over $250 million doubling year over year and the company signing the same number of billion-dollar deals in the first half of 2025 as in all of 2024. The recent OpenAI deal to use the Google Cloud platform as an infrastructure provider for its ChatGPT can prove to be a major catalyst in the long run. YouTube also dominates streaming, with over 200 billion daily views on YouTube Shorts. It's No.1 based on streaming time in the U.S. Alphabet's Gemini 2.5 Pro "thinking" AI model has shown improved performance compared to competitors in several complex tasks at lower costs. This technological edge appears to have driven an 80% surge in usage for the Google AI Studio platform and the Gemini API in April 2025. Nearly 9 million developers have already used the Gemini 2.5 models. Finally, although the market has become concerned about Alphabet's decision to increase capital spending to $85 billion in 2025 compared to the prior estimate of $75 billion, these strategic AI infrastructure investments will prove beneficial for the company in the long run. The company also boasts a very healthy balance sheet with $95 billion in cash at the end of Q2. It generated $66.7 billion in trailing-12-month free cash flow. While the risks of disruption in the search market from AI browsers cannot be ignored, Alphabet's Q2 results have demonstrated the company's ability to monetize AI successfully. Considering all the factors, Alphabet appears to be a solid pick in 2025. International Business Machines International Business Machines, commonly referred to as IBM, remains a significant enterprise AI player that Wall Street surprisingly overlooked for the past several years. The stock has crashed after an impressive Q2 fiscal 2025 performance likely due to a weaker-than-expected software performance. Trading at 26.5 times forward earnings, the company is also valued at a significant discount compared to technology giants like Microsoft and Nvidia. The $34 billion acquisition of Red Hat transformed IBM from a legacy technology company into a significant player in the AI and hybrid cloud space. Red Hat business reported a 14% year-over-year revenue jump in Q2. OpenShift, Red Hat's hybrid cloud platform, reported a 20% year-over-year rise in revenues and reached annual recurring revenues (ARRs) of $1.7 billion. Unlike many technology competitors focusing on the consumer AI segment, IBM is targeting the enterprise AI market, especially in regulated industries and those involving complex hybrid cloud requirements. The company's full-stack AI suite watsonx, which leverages Red Hat's infrastructure, enables secure and compliant AI use in sectors such as finance, banking, and government. The recently announced acquisition of start-up Seek AI will further strengthen the watsonx platform with natural language capabilities. All these initiatives have translated into IBM's generative AI book of business now standing at $7.5 billion inception-to-date in Q1, significant growth from $6 billion reported in the previous quarter. The overall software business (including Red Hat, automation, data, and transaction processing) reported 8% year-over-year growth in Q2, while annual recurring software revenue reached $22.7 billion, a 10% year-over-year increase. Software now accounts for 45% of IBM's business, with highly recurring revenue streams. IBM's infrastructure business delivered exceptional results in Q2, with revenues growing 11% year over year. IBM Z (a family of high-performance, mainframe computers for mission-critical workloads) revenues increased 67% year over year in the same period. Demand has been strong for the z17 next-generation mainframe. Considering the many tailwinds, the stock can prove to be a worthwhile addition to the investor's portfolio. Should you buy stock in Alphabet right now? Before you buy stock in Alphabet, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Alphabet wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $636,628!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,063,471!* Now, it's worth noting Stock Advisor's total average return is 1,041% — a market-crushing outperformance compared to 183% for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of July 21, 2025 Manali Pradhan has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Alphabet, International Business Machines, Microsoft, and Nvidia. The Motley Fool recommends the following options: long January 2026 $395 calls on Microsoft and short January 2026 $405 calls on Microsoft. The Motley Fool has a disclosure policy. 2 Artificial Intelligence (AI) Stocks That Are Still on Sale After the Tech Rally was originally published by The Motley Fool Sign in to access your portfolio

Stock market today: Dow, S&P 500, Nasdaq futures nudge higher as Trump-EU trade deal kicks off huge week
Stock market today: Dow, S&P 500, Nasdaq futures nudge higher as Trump-EU trade deal kicks off huge week

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time29 minutes ago

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Stock market today: Dow, S&P 500, Nasdaq futures nudge higher as Trump-EU trade deal kicks off huge week

US stock futures pointed higher on Monday after the US and European Union struck a trade pact to lead off a packed week of Big Tech earnings, a Federal Reserve meeting, inflation data, the July jobs report, and President Trump's Aug. 1 deadline to lock in key trade deals. Contracts on the S&P 500 (ES=F) and the tech-heavy Nasdaq (NQ=F) put on roughly 0.2% and 0.4%, respectively, after closing out Friday at fresh record highs. Dow Jones Industrial Average futures (YM=F) floated just above the flatline as stocks pared earlier premarket gains. The US and EU have agreed the outlines of a deal setting tariffs on Europe's goods at a baseline 15%, compared with the 30% threatened. Trump called the pact 'the biggest of them all,' while EU head Ursula von der Leyen said that "15% is not to be underestimated, but it is the best we could get." An initial boost to market sentiment faded in as investors digested the conflicting details in the US-EU deal framework. But stocks are still on track to resume a rally that saw the S&P 500 (^GSPC) notch its fifth all-time high in a row on Friday. Read more: The latest on Trump's tariffs At the same time, hopes are rising for a US-China talks in Stockholm on Monday, which could reportedly extend the existing tariff truce by three months beyond its current Aug, 12 deadline. Investor eyes are now turning to a jam-packed week on Wall Street. Heavyweight earnings highlight the most intense stretch of the season, with more than 150 S&P 500 companies set to report. Meta Platforms (META) and Microsoft (MSFT) lead off Wednesday, followed by Amazon (AMZN) and Apple (AAPL) on Thursday. Read more: Full earnings coverage in our live blog Beyond earnings, the Fed begins its two-day policy meeting on Tuesday, with an interest-rate decision expected Wednesday. While the central bank is expected to keep rates at 4.25%-4.50%, the watch is on for signs that policymakers are warming to a rate cut in September. It all comes alongside Trump's general pressure on the central bank and Chair Jerome Powell. On the data front, inflation and labor will be in the spotlight. The July reading of the personal consumption expenditures (PCE) index, the Fed's preferred inflation gauge, is forecast to show a modest monthly and annual uptick on its release on Thursday. Also on deck: a flurry of jobs data, with Friday's crucial jobs report the highlight. Dollar strengthens, euro slips on trade deal The US dollar index ( rose 0.6% on Monday following news that the United States and European Union struck a trade deal. The euro (EURUSD=X) slipped 0.7% against the dollar at $1.16. While the framework's added clarity brought some relief to the trading partners, the deal was seen as more mixed in Europe, which was angling for free trade. Under the deal, European goods bound for the US will face a 15% tariff, and the EU will spend $600 billion on US investments, though some details remain unclear. 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Economic data: Dallas Fed manufacturing activity (July) Earnings: Tilray (TLRY), Waste Management (WM), Whirlpool (WHR) Here are some of the biggest stories you may have missed overnight and early this morning: Fed meeting, July jobs report and Big Tech earnings: Week ahead Health insurers have a problem that's squeezing their earnings Musk hails $16.5B Samsung deal to make Tesla's AI chips Trump looms large over defiant Fed's meeting this week Eyes on US-China talks after EU strikes 15% tariff deal Oppenheimer lifts S&P 500 target to call third year of 20% gains US LNG producers soar as EU agrees $250B in annual purchases Japan: Only 2% of $550 billion US fund will be investment Fed meeting, jobs report, Big Tech earnings — and Trump's deadline: What to watch this week The impact of President Trump's policies on the economy is about to get a lot clearer. Yahoo Finance's Josh Schafer takes a look at what to expect this week and why it matters: Read more here. Trending tickers: Nike, Samsung Electronics and US liquefied natural gas stocks Here are some top stocks trending on Yahoo Finance in premarket trading: Nike (NKE) shares were up over 3% before the bell on Monday after receiving an upgrade from JPMorgan (JPM), moving its rating from neutral to overweight and setting a new price target of $93, up from the previous $64. Samsung Electronics ( stock rose 6% after announcing that it had secured a 16.5 billion deal to make Tesla's next-generation AI chip. Shares in US liquefied natural gas developers surged in premarket trading on Monday, after the European Union pledged to purchase $750 billion worth of the super-cooled fuel over the next three years as part of a sweeping trade pact. NextDecade (NEXT), Venture Global (VG), and Cheniere Energy (LNG)jumped between 7% and 8.8%. Samsung to make AI chips for Tesla under $16.5 billion deal Samsung Electronics ( SSNLF) has landed a $16.5 billion deal to make Tesla's (TSLA) next-generation AI chip. The agreement, which runs through the end of 2033, will see the South Korean company produce the AI6 semiconductor at an upcoming plant in Texas. Shares of Tesla stepped up 1.5% in premarket trading, after its CEO Elon Musk confirmed on X that the EV maker had struck the multibillion-dollar deal. Meanwhile, Samsung's Seoul-traded stock rose almost 7% to its highest level since September. 'The strategic importance of this is hard to overstate,' Musk wrote. "The $16.5B number is just the bare minimum. Actual output is likely to be several times higher." Bloomberg reports: Read more here. Oil rises with EU-US trade deal locked in Oil prices eked out gains as the US and the EU finalized details of a trade deal ahead of Trump's Aug. 1 deadline. Bloomberg reports: Read more here. European stock futures rise on US-EU trade deal announcement Futures in European stock indexes saw positive bumps early morning Monday as the markets reacted to the announcement of a tariff deal between the US and the EU Interest in individual stocks in carmakers, luxury goods makers, and alcohol conglomerates is rising ahead of the market open Monday with those industries the most impacted by the deal. Bloomberg reports: Read more here. Dollar strengthens, euro slips on trade deal The US dollar index ( rose 0.6% on Monday following news that the United States and European Union struck a trade deal. The euro (EURUSD=X) slipped 0.7% against the dollar at $1.16. While the framework's added clarity brought some relief to the trading partners, the deal was seen as more mixed in Europe, which was angling for free trade. Under the deal, European goods bound for the US will face a 15% tariff, and the EU will spend $600 billion on US investments, though some details remain unclear. Together, the US and EU account for about a third of all global trade. The US dollar index ( rose 0.6% on Monday following news that the United States and European Union struck a trade deal. The euro (EURUSD=X) slipped 0.7% against the dollar at $1.16. While the framework's added clarity brought some relief to the trading partners, the deal was seen as more mixed in Europe, which was angling for free trade. Under the deal, European goods bound for the US will face a 15% tariff, and the EU will spend $600 billion on US investments, though some details remain unclear. Together, the US and EU account for about a third of all global trade. How ethereum rose to become a mainstream cryptocurrency The Ether Machine is preparing to go public after raising the equivalent of $1.5 billion, with its promise of offering the public a new way to access cryptocurrency yields. It's the latest sign of ethereum's move out of bitcoin's shadow and into mainstream adoption. Yahoo Finance's Nina Moothedath reports: Here's what to know about ethereum and what sets it apart from other blockchains. The Ether Machine is preparing to go public after raising the equivalent of $1.5 billion, with its promise of offering the public a new way to access cryptocurrency yields. It's the latest sign of ethereum's move out of bitcoin's shadow and into mainstream adoption. Yahoo Finance's Nina Moothedath reports: Here's what to know about ethereum and what sets it apart from other blockchains. ASML's stock is in focus after US/EU trade deal Semiconductor play ASML (ASML, getting a lot of mentions on the Street this morning as a winner from the US/EU trade deal. Shares were up nearly 5% at one point in premarket trading. (I would note ASML just a week ago issued weak guidance that hammered the stock, so be mindful of that.) Here's what JP Morgan had to say this morning: Semiconductor play ASML (ASML, getting a lot of mentions on the Street this morning as a winner from the US/EU trade deal. Shares were up nearly 5% at one point in premarket trading. (I would note ASML just a week ago issued weak guidance that hammered the stock, so be mindful of that.) Here's what JP Morgan had to say this morning: Good morning. Here's what's happening today. Economic data: Dallas Fed manufacturing activity (July) Earnings: Tilray (TLRY), Waste Management (WM), Whirlpool (WHR) Here are some of the biggest stories you may have missed overnight and early this morning: Fed meeting, July jobs report and Big Tech earnings: Week ahead Health insurers have a problem that's squeezing their earnings Musk hails $16.5B Samsung deal to make Tesla's AI chips Trump looms large over defiant Fed's meeting this week Eyes on US-China talks after EU strikes 15% tariff deal Oppenheimer lifts S&P 500 target to call third year of 20% gains US LNG producers soar as EU agrees $250B in annual purchases Japan: Only 2% of $550 billion US fund will be investment Economic data: Dallas Fed manufacturing activity (July) Earnings: Tilray (TLRY), Waste Management (WM), Whirlpool (WHR) Here are some of the biggest stories you may have missed overnight and early this morning: Fed meeting, July jobs report and Big Tech earnings: Week ahead Health insurers have a problem that's squeezing their earnings Musk hails $16.5B Samsung deal to make Tesla's AI chips Trump looms large over defiant Fed's meeting this week Eyes on US-China talks after EU strikes 15% tariff deal Oppenheimer lifts S&P 500 target to call third year of 20% gains US LNG producers soar as EU agrees $250B in annual purchases Japan: Only 2% of $550 billion US fund will be investment Fed meeting, jobs report, Big Tech earnings — and Trump's deadline: What to watch this week The impact of President Trump's policies on the economy is about to get a lot clearer. Yahoo Finance's Josh Schafer takes a look at what to expect this week and why it matters: Read more here. The impact of President Trump's policies on the economy is about to get a lot clearer. Yahoo Finance's Josh Schafer takes a look at what to expect this week and why it matters: Read more here. Trending tickers: Nike, Samsung Electronics and US liquefied natural gas stocks Here are some top stocks trending on Yahoo Finance in premarket trading: Nike (NKE) shares were up over 3% before the bell on Monday after receiving an upgrade from JPMorgan (JPM), moving its rating from neutral to overweight and setting a new price target of $93, up from the previous $64. Samsung Electronics ( stock rose 6% after announcing that it had secured a 16.5 billion deal to make Tesla's next-generation AI chip. Shares in US liquefied natural gas developers surged in premarket trading on Monday, after the European Union pledged to purchase $750 billion worth of the super-cooled fuel over the next three years as part of a sweeping trade pact. NextDecade (NEXT), Venture Global (VG), and Cheniere Energy (LNG)jumped between 7% and 8.8%. Here are some top stocks trending on Yahoo Finance in premarket trading: Nike (NKE) shares were up over 3% before the bell on Monday after receiving an upgrade from JPMorgan (JPM), moving its rating from neutral to overweight and setting a new price target of $93, up from the previous $64. Samsung Electronics ( stock rose 6% after announcing that it had secured a 16.5 billion deal to make Tesla's next-generation AI chip. Shares in US liquefied natural gas developers surged in premarket trading on Monday, after the European Union pledged to purchase $750 billion worth of the super-cooled fuel over the next three years as part of a sweeping trade pact. NextDecade (NEXT), Venture Global (VG), and Cheniere Energy (LNG)jumped between 7% and 8.8%. Samsung to make AI chips for Tesla under $16.5 billion deal Samsung Electronics ( SSNLF) has landed a $16.5 billion deal to make Tesla's (TSLA) next-generation AI chip. The agreement, which runs through the end of 2033, will see the South Korean company produce the AI6 semiconductor at an upcoming plant in Texas. Shares of Tesla stepped up 1.5% in premarket trading, after its CEO Elon Musk confirmed on X that the EV maker had struck the multibillion-dollar deal. Meanwhile, Samsung's Seoul-traded stock rose almost 7% to its highest level since September. 'The strategic importance of this is hard to overstate,' Musk wrote. "The $16.5B number is just the bare minimum. Actual output is likely to be several times higher." Bloomberg reports: Read more here. Samsung Electronics ( SSNLF) has landed a $16.5 billion deal to make Tesla's (TSLA) next-generation AI chip. The agreement, which runs through the end of 2033, will see the South Korean company produce the AI6 semiconductor at an upcoming plant in Texas. Shares of Tesla stepped up 1.5% in premarket trading, after its CEO Elon Musk confirmed on X that the EV maker had struck the multibillion-dollar deal. Meanwhile, Samsung's Seoul-traded stock rose almost 7% to its highest level since September. 'The strategic importance of this is hard to overstate,' Musk wrote. "The $16.5B number is just the bare minimum. Actual output is likely to be several times higher." Bloomberg reports: Read more here. Oil rises with EU-US trade deal locked in Oil prices eked out gains as the US and the EU finalized details of a trade deal ahead of Trump's Aug. 1 deadline. Bloomberg reports: Read more here. Oil prices eked out gains as the US and the EU finalized details of a trade deal ahead of Trump's Aug. 1 deadline. Bloomberg reports: Read more here. European stock futures rise on US-EU trade deal announcement Futures in European stock indexes saw positive bumps early morning Monday as the markets reacted to the announcement of a tariff deal between the US and the EU Interest in individual stocks in carmakers, luxury goods makers, and alcohol conglomerates is rising ahead of the market open Monday with those industries the most impacted by the deal. Bloomberg reports: Read more here. Futures in European stock indexes saw positive bumps early morning Monday as the markets reacted to the announcement of a tariff deal between the US and the EU Interest in individual stocks in carmakers, luxury goods makers, and alcohol conglomerates is rising ahead of the market open Monday with those industries the most impacted by the deal. Bloomberg reports: Read more here. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

S&P 500 Rally Faces $11 Trillion Gauntlet of Big Tech Earnings
S&P 500 Rally Faces $11 Trillion Gauntlet of Big Tech Earnings

Yahoo

time35 minutes ago

  • Yahoo

S&P 500 Rally Faces $11 Trillion Gauntlet of Big Tech Earnings

(Bloomberg) -- The S&P 500 Index's relentless advance to record highs faces a crucial test this week, with four technology behemoths worth a combined $11.3 trillion reporting earnings over a two-day stretch. The High Costs of Trump's 'Big Beautiful' New Car Loan Deduction Can This Bridge Ease the Troubled US-Canadian Relationship? Budapest's Most Historic Site Gets a Controversial Rebuild Trump Administration Sues NYC Over Sanctuary City Policy This earnings season is off to a solid start, but now all eyes are on quarterly results from Microsoft Corp. and Meta Platforms Inc. on Wednesday, and Apple Inc. and Inc. on Thursday. The announcements will give investors a key glimpse into the health of businesses ranging from electronic devices and software to cloud-computing and e-commerce. A strong showing is critical to sustaining the S&P 500's rally. The four firms — members of the Magnificent Seven — account for a fifth of the market-capitalization-weighted benchmark. What's more, Meta and Microsoft are among the top three point gainers in the S&P this year, after Nvidia Corp. With valuations climbing, the focus will be not only on whether they beat estimates, but also on their outlook for the coming quarters. 'The bar is set pretty high,' said Michael Arone, chief investment strategist at State Street Investment Management. 'The Magnificent Seven in particular, they really need to deliver now to keep this momentum going.' So far, Corporate America appears to be taking President Donald Trump's tariffs in stride. With about a third of S&P 500 members having reported, roughly 82% have beaten profit forecasts, on track for the best quarter in about four years, data compiled by Bloomberg Intelligence show. The performance has helped lift the benchmark by about 2% since the cycle kicked off around two weeks ago. To be fair, analysts had slashed estimates over the past few months amid concerns about the impact of tariffs on consumer spending and profit margins. While Big-Tech projections have come down too, the surge in stock prices has kept expectations elevated. The Magnificent Seven, which also includes Nvidia, Alphabet Inc. and Tesla Inc., is projected to deliver combined year-over-year earnings growth of 16% in the second quarter, according to data compiled by BI. That's down from expectations of 19% at the end of March, before Trump announced his sweeping tariffs. Nvidia is the final member of the group to report, in late August. The S&P 500, meanwhile, is expected to show annual profit growth of 4.5%, down from the 7.5% projected in March. It's all amping up the pressure on Big Tech. Many of the companies may need to give rosy forecasts to justify valuations, according to Anthony Saglimbene, chief market strategist at Ameriprise Advisor Services. 'They're likely going to have to say that the rest of the year or the next quarter looks positive, either re-affirming guidance or even upping guidance,' he said. AI Divergence Some of Magnificent Seven have failed to live up to the moniker this year as artificial intelligence has again become the dominant theme separating winners from losers in the stock market. Meta, Microsoft and Nvidia account for nearly half of the S&P 500's gain this year, while shares of companies including Apple have weakened amid struggles with the technology. That divergence was on display last week, when Alphabet rose after reporting strong earnings growth, while a bleak outlook for electric-vehicle sales sent Tesla's stock tumbling. Investors will watch capital-spending plans particularly closely. Many companies have increased spending on AI infrastructure, which has made the makers of computing gear like Nvidia and Super Micro Computer Inc. some of the best-performing stocks of the year. All signs point to that continuing. In total, Microsoft, Alphabet, Amazon and Meta are projected to pump $317 billion into capital spending in their current fiscal years, with that figure rising to $350 billion in 2026, according to the average of analyst estimates compiled by Bloomberg. Awaiting Payoff Investors have rewarded such aggressive plans in recent months, especially Meta, shares of which have rallied about 22% this year. But ultimately, investors have to see the payoff, says Gabriela Santos, chief strategist for the Americas at JPMorgan Asset Management. 'Investors are becoming much more overt in saying, 'show me the money,'' she said. 'At these levels, especially for large-cap tech, we need to see monetization rather than a promise of monetization coming at some point down the line.' Magnificent Seven valuations have jumped from the depths of the tariff-induced selloff in April, but they still remain well below peak levels. The group is priced at 28 times projected profits, compared with a high of 34 in December while the S&P 500 is priced at 22 times. 'While Big Tech P/Es can look high on the surface, if you consider the growth and the high free cash flow and the strong return on invested capital, in many cases they're attractively priced,' said Tony DeSpirito, managing director and head of US fundamental equities at BlackRock. Burning Man Is Burning Through Cash It's Not Just Tokyo and Kyoto: Tourists Descend on Rural Japan Elon Musk's Empire Is Creaking Under the Strain of Elon Musk Confessions of a Laptop Farmer: How an American Helped North Korea's Wild Remote Worker Scheme Scottish Wind Farms Show How to Counter Nimby Opposition ©2025 Bloomberg L.P. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

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