(September 2020)
Tech mega caps have been beaten up over the last couple of weeks, but their valuations still feel staggering high and risky. That said, technology growth stocks seem like a good bet. So where is the best place to invest? The answer appears to be a diversified approach to the kinds of tech that will succeed during COVID, not just FAAMG. One way to think about this is the kind of companies that will benefit from the growing use of shared technology, infrastructure and services, internet-based products, new payment technologies, big data, the internet of things, and social media.
(Silicon Valley)
FINSUM + Magnifi: Investing in a diversified basket of the kinds of tech that are thriving in the “new normal” makes sense. Cloud computing, for instance, is growing at a very rapid clip, with the total market likely to double in size to $300 bn from 2018 to 2022.
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