Weekend Edition: Tech. Too big to ignore? Or too much of a good thing?

NAB Morning Call

Friday 18th May 2024

Please note this communication is not a research report and has not been prepared by NAB Research analysts. Read the full disclaimer here.

NVIDIA is now the third biggest listing in the US, with a market cap of 2.3 trillion dollars. Their earning results this week were an upside surprise for revenue, margins and forward guidance. So how far has the US tech growth story got to go? Phil talks to NABTrade’s Gemma Dale about the rise and rise of tech. Is it pulling investment away form Australian domestic stocks? They cite some interesting research from NAB that demonstrates how super funds have been selling US shares because the growth has been too strong and they need to rebalance their portfolios. Retail investors, of course, aren’t limited in the same way, so should they hold on for the ride? And what part does Australia play in the tech and environment megatrends? Can we expect some high growth companies as well?

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