Disruptive technology

Week 8 – US Bellwether Blast: taking stock, the year to date


After a busy results cycle, we dig into the share price moves so far this year. The bellwethers are up 24% on average in 2023, with our coverage up 10%. The prospect of peaking interest rates is good for these longer duration assets, with both outperforming the S&P 500’s 3% gains. While investors have rewarded both tech groups’ cost cutting in the ‘year of efficiency’, the bellwethers gained more because of the innovation and potential for growth from Artificial Intelligence (AI).

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Mar 6 2023, 07:00 GMT