The technology sector is doing well, with chip giant Nvidia (NVDA) leading the way with an impressive 86% year-to-date growth. Many of the largest companies in the technology industry have been grouped together, including Amazon (AMZN), Apple (AAPL), Alphabet (GOOG, GOOGL), Nvidia (NVDA), Meta (META), Microsoft (MSFT), and Tesla (TSLA). Ta. It's called the Magnificent Seven, but some, like Apple and Tesla, have fallen from great heights. Investors are now debating whether the technology can weather the potential market storm.
Bob O'Donnell, President and Principal Analyst at TECHnalogy Research, joins Yahoo Finance to analyze recent developments in the technology space and how major companies could operate in the future.
O'Donnell talks about the potential long-term leadership of the technology industry: “One thing I can say is that Nvidia has his 90% share. Companies that have 90% share are going to lose a little bit of share. But that doesn't mean they are still It doesn't mean that you can't grow organically from the status quo. There will only be more competitors. Overall, I think the overall growth of the AI-powered semiconductor market still has several years left. As I said earlier, we talked about AMD (AMD). Intel (INTC) would be interesting. ”
For more expert insights and the latest market trends, click here to watch the full episode of Yahoo Finance Live.
Editor's note: This article was written by Nicholas Jacobino
