VGT

Microsoft's Strategic Emphasis on AI and Cloud Services Signals Strong Future Performance: Analysts

Citigroup analyst Tyler Radke maintained Microsoft Corp with a Buy and lowered the price target from $480 to $475. BofA Securities analyst Brad Sills reiterated a Buy rating on Microsoft with a price target of $480. The analyst remains positive on Microsoft ahead of third-quarter results.

Evolv: Worth Exploring At These Levels

Evolv Technologies Holdings, Inc. (EVLV) is a micro-cap play on AI-based weapon detection. The company uses touchless screening which harnesses the power of AI and advanced sensors. EVLV has lost 60% of its value since it got listed in July 2021. But we still see some merit in the business as the company's solutions offer a cost-competitive alternative to metal detectors.

Should You Invest in the iShares Expanded Tech Sector ETF (IGM)?

Weekly Report: what happened at VGT last week (0408-0412)?

Should You Invest in the First Trust Technology AlphaDEX ETF (FXL)?

XLK And The Return Of Irrational Exuberance

Signs of irrational exuberance in the technology sector are becoming evident. Technology Select Sector SPDR Fund ETF has become excessively concentrated in a few names. The recently launched Destiny Tech100 closed-end fund is trading at around ten times net asset value. The technology sector is becoming a "musical chairs" game, with some companies trading significantly above trend.

XLK: There Is Too Much Risk To Be Buying Now

Tech stocks have dominated the market in recent years. Apple and Microsoft have outperformed the index and S&P 500 over the last ten years. The tech sector is overextended and overvalued with a high P/E of 29. The technology sector has been a target of recent anti-trust laws. The Technology Select Sector SPDR ETF holds 65% of the entire tech sector.

Apple Eyes Higher Profitability, Premium Mix and In-House Technologies Drive Margin Boost: Analyst

BofA analyst Wamsi Mohan maintained a Buy rating on Apple Inc (NASDAQ:AAPL) with a price target of $225. Mohan noted that historically, Apple investors have tended to look at existing products and the profitability associated with them.