Reported 2 months ago
According to Venu Krishna, Head of US Equity Strategy at Barclays, Big Tech stocks are currently experiencing a rebound after recent sell-offs, but they remain in a 'penalty box' as focus shifts towards AI monetization. While companies like Meta and Amazon report strong earnings, Krishna suggests that investors should avoid high multiples until the monetization of AI is more evident in earnings. He also shares his year-end forecast for the S&P 500 and discusses market reactions to upcoming earnings reports.
Source: YAHOO