The actions of technological companies were highly demanded by the rise of artificial intelligence.
The Actions of large technology companies of the United States they shot violently in recent timeswhich caused many to reach historical maximums. Consequently, They reached somewhat worrying valuations For Wall Street analysts and operators.
On average, in the last three months, Alphabet, goal Platforms, Nvidia and Microsoft advanced 35%. And of the three, Nvidia and Meta were the favorites of the market, since they registered profits of 52% and 41%, respectively.
In this way, the four main technological actions have a multiple price-benefit (PE)much greater than 22 times of the S&P 500 index. In addition, Goal, Nvidia and Microsoft They show future peatives above their averages of the last three years, while Alphabet It has a multiple barely lower than the historical average.
Beyond the actions of more famous technological companies
Something similar happened with actions of technological companies that do not belong to the group of the Magnificent seven. For example, Broadcom rose 57% in the quarter and reached the highest valuation in five years, while Uber jumped 25%.
Wall Street Markets
Reuters
“We observe that the recent rebound of the technological actions and of artificial intelligence of great capitalization was mainly driven by the expansion of multiple price-benefit“He said Ulrike Hoffmann-BurchardiGlobal Variable Income Director in UBS Financial Services.
“While we maintain a structurally optimistic vision on AI, we would prefer to see greater profits backed by upward reviews of the benefit per action (BPA) instead of a simple expansion of the assessment,” he added.
In this context, the executive indicated that the high valuations in the main companies of AI, the persistent geopolitical uncertainty and the next season of results of the second quarter point to the need for a balanced and selective approach.
“We recommend that investors seek a diversified exhibition in semiconductors, software and Internet platforms, instead of concentrating the risk in a single segment or individual action,” he concluded.
Source: Ambito
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