The S&P 500 Technology sector forward P/E to that of the SP500 is not as expensive as it was during the Internet bubble
However, the PEG ratio (forward PE divided by consensus long-term EPS growth rate) is roughly at the same level. Source: Game of Trades
‘SPDR S&P Semiconductor ETF’ has the highest 10-year returns at 24%.
They are closely followed by BlackRock’s 'iShares Semiconductor ETF’ at 23.3%. There is a clear pattern here where semiconductor and technology ETFs have achieved the highest returns over the last 10 years. Source: Genuine Impact
The hype surrounding "Threads," the new social network launched by Meta CEO Mark Zuckerberg, has collapsed
Threads has unraveled so quickly that new data shows active users have been halved. Threads launched in the US on July 5 and reached over 100 million sign-ups by that weekend. Shortly after, Zuckerberg wrote in a post, "Can't believe it's only been five days!" Zuckerberg appears to have prematurely taken a victory lap because early last week, data from SensorTower and SimilarWeb showed an exodus of users and a plunge in engagements. The note was titled Threads Unravels: So-Called 'Twitter Killer' App Sees Exodus Of Users, Plunge In Engagement. New data from SimilarWeb shows the exodus has worsened. As of last Friday, daily active users on the app collapsed from 49 million to 23.6 million in a week. Usage in the US peaked on July 7 at about 21 minutes of engagement. By Friday, that number plunged to just six minutes. SimilarWeb said the app lacks basic features that "offer a compelling reason to switch from Twitter or start a new social media habit." Also, some users found Threads has been dominated by censorship.
Humor
Source: Dogedesigner
15% of global internet traffic is Netflix
Source: Statista
Nasdaq has announced a "special rebalance" for the Nasdaq 100
Nasdaq has announced a "special rebalance" for the Nasdaq 100 to address the overconcentration and weight that the biggest tech companies have on the index. This is the first ever "special rebalance" carried out by the overseer of the index. Source: Bloomberg
AI is the new buzz
“Artificial Intelligence” as a percentage of Total Bloomberg news is skyrocketing and nears “Internet” news during the 2000 bubble. Source: Michael A.Gayed
