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Mar 6 2023, 07:00 GMT
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).
Mar 6 2023, 07:00 GMT