The TechGPT Compendium
We recently introduced "TechGPT," a new series covering the technology sector where we answer the most frequently asked questions from investors on technology and tech-related topics.
Readers are encouraged to send questions for us to address in our upcoming publications.
Readers are encouraged to send questions for us to address in our upcoming publications.
In a year redefined by generative AI, globally, tech stocks have rebounded strongly. They have risen 25鈥30% so far in 2023, recovering most of the losses witnessed in 2022. This is despite muted earnings growth for tech in 1H23 as strong re-rating fueled by generative AI and restructuring efforts led to significant valuation multiple expansion, with global tech鈥檚 forward P/E rebounding from around 20x at the beginning of the year to 24鈥25x currently.
The strong turnaround in tech鈥檚 fortunes has been powered by the rising popularity of generative AI, which has taken the world by storm. Many consumers today can readily approach a chatbot to ask questions on anything that鈥檚 on their mind. In the same spirit, to answer the most frequently asked questions from investors on technology and related topics, we introduced our 鈥淭echGPT鈥 publication in June 2023.
With strong mid-teen earnings growth expected for tech in 2024, we see no dearth of questions on tech as investors start to position for next year and also review their investments in 2023. Hence, we combine all the questions we have addressed so far into a consolidated 鈥淭he TechGPT compendium鈥 spread across six chapters focusing on AI, tactical drivers in tech, the latest fundamental outlook, new tech frontiers, regulations, and miscellaneous topics.
We hope you enjoy reading this report. And please send in questions regularly for us to address in our upcoming publications.