chipmakers
-
Tech Stocks Score Best Month Since Early 2020
The Nasdaq Composite experienced its strongest monthly gain since early 2020 in April, driven by impressive earnings from tech giants like Alphabet, Amazon, and Microsoft. Strong cloud growth and robust revenue reports boosted investor confidence, with semiconductor companies also seeing significant surges. This rebound signals a potential turning point for the sector, suggesting investors are increasingly optimistic about established tech leaders’ resilience and innovation.
-
.BlackRock Leans into the “Pick-and-Shovel” Strategy as AI Spending Remains Strong
words.Ben Powell, BlackRock’s Middle East‑APAC chief strategist, says AI‑related capital spending is far from peaked, with “picks‑and‑shovels” firms such as chipmakers, power generators and copper‑wire producers set to reap the biggest gains. He notes the ongoing capex surge, rising data‑center power demand and growing use of credit markets by tech giants, suggesting more funding will flow to hardware, energy and infrastructure suppliers rather than model developers, prompting “positive surprises” for those stocks.
