Energy is the most de-correlated sector to Tech.
Source: BNP
BofA Hartnett: "top 5 stocks = 75% of S&P500 YTD gain
Top 3 tech stocks = 90% of tech sector YTD gain, US equity “breadth” currently worst since Mar’09". Source: BofA, TME
Inflows to Tech on course for ~85bn in 2024....
Source: TME, BofA
Terrific threes
Just 3 stocks together are now bigger than the whole of EuroStoxx50, FTSE 100 and the SMI20. source : tme
In Case You Missed It: On February 8th the Wall Street Journal reported that OpenAI CEO Sam Altman wants to raise up to $7 trillion
For a “wildly-ambitious” tech project to boost the world’s chip capacity, funded by investors including the U.A.E. — which in turn will vastly expand its ability to power AI models. To put numbers in perspective: $7 TRILLION is around ~10% of global GDP…Or the combined market cap or BOTH Microsoft & Apple. That means he wants to totally reshape the global semiconductor industry. By the way, where will all the energy needed come from? Source: VB, Creative Capital, WSJ
Over the past twelve months, Microsoft, Alphabet, Amazon, Apple, and Meta have produced a combined operating cash flow of $476.9 billion.
For three consecutive quarters, from Q2 to Q4, these five companies collectively generated over $100 billion each quarter. source : bloomberg
Big Tech of course "dwarfs" unicorn total market cap, but that 3.8T number still feels a little on the high side
Source: TME, CB Insights
Elon Musk said that the first human patient has received a brain implant from his startup Neuralink Corp.
A significant step forward for the company that aims to one day let humans control computers with their minds. In a post on X, formerly Twitter, Musk said that the patient is recovering well, and that initial results of the procedure were promising. Source: Bloomberg
