* . *
  • About
  • Advertise
  • Privacy & Policy
  • Contact
Monday, July 14, 2025
Earth-News
  • Home
  • Business
  • Entertainment
    Entertainment Business Master’s Grad Launched Nonprofit to Nurture Emerging Artists – Full Sail University

    Entertainment Business Master’s Grad Launched Nonprofit to Nurture Emerging Artists – Full Sail University

    Review: At the Huntington, the New Hollywood String Quartet recalls legendary studio musicians – Los Angeles Times

    Review: At the Huntington, the New Hollywood String Quartet recalls legendary studio musicians – Los Angeles Times

    Kehoe repeals paid sick leave, allows several counties in the Ozarks to have entertainment districts in bill signings – KY3

    Kehoe repeals paid sick leave, allows several counties in the Ozarks to have entertainment districts in bill signings – KY3

    Emily Deschanel was scolded during “Bones” season 1 for being ‘late and unprepared’: ‘I was just beside myself’ – Yahoo

    Emily Deschanel was scolded during “Bones” season 1 for being ‘late and unprepared’: ‘I was just beside myself’ – Yahoo

    How you can see new movies early – Yahoo

    Unlock the Secret to Watching New Movies Before Everyone Else!

    Immersive sports and entertainment venue Cosm set to build its 5th location in Cleveland – WKYC

    Cosm Reveals Exciting Vision for Its 5th Immersive Sports and Entertainment Venue in Cleveland

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    Sentrycs’ Cyber Over RF technology integrated into Rafael’s combat-proven Drone Dome system – Defence Industry Europe

    Sentrycs’ Cyber Over RF Technology Boosts Rafael’s Battle-Tested Drone Dome System

    Nordic Air Defence raises $3 million to expand operations and advance drone defence technology – Defence Industry Europe

    Nordic Air Defence Lands $3 Million to Transform Drone Defense and Supercharge Operations

    China’s energy dominance in three charts – MIT Technology Review

    How China Is Powering Its Energy Dominance: A Visual Breakdown

    Meta Acquires AI Startup PlayAI to Enhance Voice Technology Capa – GuruFocus

    Meta Acquires AI Startup PlayAI to Revolutionize Voice Technology Capabilities

    Stallion Uranium Provides Update on Technology Data Acquisition Agreement – GlobeNewswire

    Stallion Uranium Announces Exciting Progress in Technology Data Acquisition Agreement

    2025 WE Local Prague Recap: Inspiring Women in Engineering and Technology – Society of Women Engineers

    2025 WE Local Prague Recap: Inspiring Women in Engineering and Technology – Society of Women Engineers

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
  • Home
  • Business
  • Entertainment
    Entertainment Business Master’s Grad Launched Nonprofit to Nurture Emerging Artists – Full Sail University

    Entertainment Business Master’s Grad Launched Nonprofit to Nurture Emerging Artists – Full Sail University

    Review: At the Huntington, the New Hollywood String Quartet recalls legendary studio musicians – Los Angeles Times

    Review: At the Huntington, the New Hollywood String Quartet recalls legendary studio musicians – Los Angeles Times

    Kehoe repeals paid sick leave, allows several counties in the Ozarks to have entertainment districts in bill signings – KY3

    Kehoe repeals paid sick leave, allows several counties in the Ozarks to have entertainment districts in bill signings – KY3

    Emily Deschanel was scolded during “Bones” season 1 for being ‘late and unprepared’: ‘I was just beside myself’ – Yahoo

    Emily Deschanel was scolded during “Bones” season 1 for being ‘late and unprepared’: ‘I was just beside myself’ – Yahoo

    How you can see new movies early – Yahoo

    Unlock the Secret to Watching New Movies Before Everyone Else!

    Immersive sports and entertainment venue Cosm set to build its 5th location in Cleveland – WKYC

    Cosm Reveals Exciting Vision for Its 5th Immersive Sports and Entertainment Venue in Cleveland

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    Sentrycs’ Cyber Over RF technology integrated into Rafael’s combat-proven Drone Dome system – Defence Industry Europe

    Sentrycs’ Cyber Over RF Technology Boosts Rafael’s Battle-Tested Drone Dome System

    Nordic Air Defence raises $3 million to expand operations and advance drone defence technology – Defence Industry Europe

    Nordic Air Defence Lands $3 Million to Transform Drone Defense and Supercharge Operations

    China’s energy dominance in three charts – MIT Technology Review

    How China Is Powering Its Energy Dominance: A Visual Breakdown

    Meta Acquires AI Startup PlayAI to Enhance Voice Technology Capa – GuruFocus

    Meta Acquires AI Startup PlayAI to Revolutionize Voice Technology Capabilities

    Stallion Uranium Provides Update on Technology Data Acquisition Agreement – GlobeNewswire

    Stallion Uranium Announces Exciting Progress in Technology Data Acquisition Agreement

    2025 WE Local Prague Recap: Inspiring Women in Engineering and Technology – Society of Women Engineers

    2025 WE Local Prague Recap: Inspiring Women in Engineering and Technology – Society of Women Engineers

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
Earth-News
No Result
View All Result
Home General

Tech stocks close out best first half in 40 years, powered by Apple rally and Nvidia boom

July 1, 2023
in General
Tech stocks close out best first half in 40 years, powered by Apple rally and Nvidia boom
Share on FacebookShare on Twitter

Apple CEO Tim Cook stands next to the new Apple Vision Pro headset is displayed during the Apple Worldwide Developers Conference on June 05, 2023 in Cupertino, California.

Justin Sullivan | Getty Images

The last time technology stocks had a better first half, Apple was touting its Lisa desktop computer, IBM was the most-valuable tech company in the U.S. and Mark Zuckerberg hadn’t been born.

On Friday, the Nasdaq wrapped up the first six months of the year with a 1.5% rally, bringing its gains so far for 2023 to 32%. That’s the sharpest first-half jump in the tech-heavy index since 1983, when the Nasdaq rose 37%.

It’s a startling achievement, given what’s happened in the tech industry over the past four decades. Microsoft went public in 1986, sparking a PC software boom. Then came the internet browsers of the 1990s, leading up to the dot-com bubble years and the soaring prices of e-commerce, search and computer-networking stocks. The past decade saw the emergence of the mega-cap, trillion-dollar companies, which are now the most valuable enterprises in the U.S.

While those prior eras featured sustained rallies, none of them had a start to the year rivaling 2023.

Even more stunning, it’s happening this year while the U.S. economy is still at risk of slipping into recession and reckoning with a banking crisis, highlighted by the collapse in March of Silicon Valley Bank, the financial nucleus for much of the venture and startup world. The Federal Reserve also steadily increased its benchmark interest rate to the highest since 2007.

But momentum is always a driver when it comes to tech, and investors are notoriously fearful of missing out, even if they simultaneously worry about frothy valuations.

Coming off a miserable 2022, in which the Nasdaq lost one-third of its value, the big story was cost-cutting and efficiency. Mass layoffs at Alphabet, Meta and Amazon as well as at numerous smaller companies paved the way for a rebound in earnings and a more realistic outlook for growth.

Meta and Tesla, which both got hammered last year, have more than doubled in value so far in 2023. Alphabet is up 36% after dropping 39% in 2022.

None of those companies were around the last time the Nasdaq had a better start to the year. Meta CEO Zuckerberg, who created the company formerly known as Facebook in 2004, was born in 1984. Tesla was founded in 2003, five years after Google, the predecessor to Alphabet.

As 2023 got going, attention turned to artificial intelligence and a flood of activity around generative AI chatbots, which respond to text-based queries with intelligent and conversational responses. Microsoft-backed OpenAI has become a household name (and was No. 1 on CNBC’s Disruptor 50 list) with its ChatGPT program, and dollars are pouring into Nvidia, whose chips are used to power AI workloads at many of the companies taking advantage of the latest advancements.

Nvidia shares soared 190% in the first half, lifting the 30-year-old company’s market cap past $1 trillion.

“I think you’re going to continue to see tech dominate because we’re still all abuzz about AI,” said Bryn Talkington, managing partner at Requisite Capital Management, in an interview with CNBC’s “Closing Bell” on Thursday.

Watch CNBC’s full interview with Requisite's Bryn Talkington and Virtus' Joe Terranova

Talkington, whose firm holds Nvidia shares, said the chipmaker has a unique story, and that its growth is not shared across the industry. Rather, large companies working on AI have to spend heavily on Nvidia’s technology.

“Nvidia not only owns the shovels and axes of this AI goldrush,” Talkington said. “They actually are the only hardware store in town.”

Remember the $10,000 Lisa?

Apple hasn’t seen gains quite so dramatic, but the stock is still up 50% this year, trading at a record and pushing the iPhone maker to a $3 trillion market cap.

Apple still counts on the iPhone for the bulk of its revenue, but its latest jump into virtual reality with the announcement this month of the Vision Pro headset has helped reinvigorate investor enthusiasm. It was Apple’s first major product release since 2014, and will be available starting at $3,499 beginning early next year.

That sounds like a lot, except when compared to the price tag for the initial Lisa computer, which Apple rolled out 40 years ago. That PC, named after co-founder Steve Jobs’ daughter, started at $10,000, keeping it far out of the hands of mainstream consumers.

Apple’s revenue in 1983 was roughly $1 billion, or about the amount of money the company brought in on an average day in the first quarter of 2023 (Apple’s fiscal second quarter).

Tech was the clear story for the equity markets in the first half, as the broader S&P 500 notched a 16% gain and the Dow Jones Industrial Average rose just 2.9%.

Investors searching for red flags heading into the second half don’t have to look far.

Global economic concerns persist, highlighted by uncertainty surrounding the war in Russia and Ukraine and ongoing trade tensions with China. Short-term interest rates are now above 5%, meaning investors can get risk-free returns in the mid-single digits from certificates of deposit and high-yield savings accounts.

Another sign of skepticism is the absence of a tech IPO market, as emerging companies continue to sit on the sidelines despite brewing enthusiasm across the industry. There hasn’t been a notable venture capital-backed tech IPO in the U.S. since late 2021, and investors and bankers tell CNBC that the second half of the year is poised to remain quiet, as companies wait for better predictability in their numbers.

Jim Tierney, chief investment officer of U.S. concentrated growth at AllianceBernstein, told CNBC’s “Power Lunch” on Friday that there are plenty of challenges for investors to consider. Like Talkington, he’s unsure how much of a boost the broader corporate world is seeing from AI at the moment.

“Getting to AI specifically, I think we have to see benefit for all companies,” Tierney said. “That will come, I’m just not sure that’s going to happen in the second half of this year.”

Meanwhile, economic data is mixed. A survey earlier this month from CNBC and Morning Consult found that 92% of Americans are cutting back on spending as inflationary pressures persist.

“The fundamentals get tougher,” Tierney said. “You look at consumer spending today, the consumer is pulling back. All of that suggests that the fundamentals are more stretched here than not.”

WATCH: CNBC’s full interview with Ron Insana and Jim Tierney

Watch CNBC's full interview with Contrast Capital's Ron Insana and Alliance Bernstein's Jim Tierney

>>> Read full article>>>
Copyright for syndicated content belongs to the linked Source : CNBC – https://www.cnbc.com/2023/06/30/nasdaq-best-first-half-in-40-years-powered-by-apple-nvidia-and-meta.html

Previous Post

‘Paste’ clipboard manager for macOS updated with new interface and features

Next Post

Flight disruptions continue on peak July Fourth travel day, with United faring the worst

Spatio-Temporal Geographic Networks for Value Co-Creation and Technology Transfer in China with Patent Data – Nature

Unlocking Innovation: How Spatio-Temporal Geographic Networks Drive Value Co-Creation and Technology Transfer in China Using Patent Data

July 14, 2025
2025 MLB Draft tracker, results: Live updates, complete list of every pick, first-round analysis – CBS Sports

2025 MLB Draft tracker, results: Live updates, complete list of every pick, first-round analysis – CBS Sports

July 14, 2025
Canids as pollinators? Nectar foraging by Ethiopian wolves may contribute to the pollination of Kniphofia foliosa – ESA Journals

Could Ethiopian Wolves Be Unexpected Pollinators of Kniphofia foliosa?

July 14, 2025
Guest Opinion: Science is stronger with robust federal funding – Palo Alto Online

Why Strong Federal Funding is Essential for Advancing Science

July 14, 2025
Weight loss may ‘rejuvenate’ fat tissues, clearing away aged cells – Live Science

Weight Loss Could ‘Rejuvenate’ Fat Tissue by Clearing Out Old Cells

July 14, 2025
If your goal is to glow up, say goodbye to these 10 daily decisions – VegOut

10 Daily Habits to Ditch Now for a Stunning Glow-Up

July 14, 2025
‘We’ve never seen a team do this to PSG’ – how Chelsea won Club World Cup – BBC

Unbelievable Comeback: How Chelsea Shocked PSG to Clinch the Club World Cup!

July 14, 2025
India will become $10 trillion economy over next decade, GCCs to contribute $0.5 trillion – The Economic Times

India Poised to Become a $10 Trillion Economy Within a Decade, Powered by GCCs Driving $0.5 Trillion Growth

July 14, 2025
Entertainment Business Master’s Grad Launched Nonprofit to Nurture Emerging Artists – Full Sail University

Entertainment Business Master’s Grad Launched Nonprofit to Nurture Emerging Artists – Full Sail University

July 14, 2025
11 lessons for health tech startups from one of UpToDate’s creators – STAT

11 Essential Lessons for Health Tech Startups from a Leading Industry Innovator

July 14, 2025

Categories

Archives

July 2025
MTWTFSS
 123456
78910111213
14151617181920
21222324252627
28293031 
« Jun    
Earth-News.info

The Earth News is an independent English-language daily published Website from all around the World News

Browse by Category

  • Business (20,132)
  • Ecology (721)
  • Economy (743)
  • Entertainment (21,631)
  • General (15,893)
  • Health (9,781)
  • Lifestyle (751)
  • News (22,149)
  • People (745)
  • Politics (754)
  • Science (15,962)
  • Sports (21,242)
  • Technology (15,728)
  • World (727)

Recent News

Spatio-Temporal Geographic Networks for Value Co-Creation and Technology Transfer in China with Patent Data – Nature

Unlocking Innovation: How Spatio-Temporal Geographic Networks Drive Value Co-Creation and Technology Transfer in China Using Patent Data

July 14, 2025
2025 MLB Draft tracker, results: Live updates, complete list of every pick, first-round analysis – CBS Sports

2025 MLB Draft tracker, results: Live updates, complete list of every pick, first-round analysis – CBS Sports

July 14, 2025
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

Go to mobile version