Big Tech’s Spending Boosts Earnings, Leaving Others Behind

In the latest earnings reports, Big Tech companies have showcased impressive growth, largely driven by substantial investments in artificial intelligence. Their earnings surged by 29%, a figure that highlights the sector’s dominance in the current economic landscape. This growth is primarily fueled by inter-company spending, as these tech giants continue to invest heavily in each…

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Portfolio Manager Reduces Big Tech Investment Strategy

Max Wasserman, co-founder and senior portfolio manager at Miramar Capital, recently discussed his decision to scale back on Big Tech investments during an interview with Morning Brief host Julie Hyman. This strategic shift comes amid growing concerns about the sustainability of high valuations in the tech sector. Wasserman emphasized the importance of reassessing investment strategies…

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