Cloud and hyperscale datacenter spending on AI is increasing, driven by big players like Microsoft, Alphabet, and Meta. This benefits chip manufacturers like Broadcom and Marvell.
Mark Gurman said that Meta's decision to open up its virtual reality operating system to all headset manufacturers can be seen as a direct challenge to Apple's closed ecosystem.
Bill Gross, known as the "bond king," advises investors to avoid tech stocks despite strong quarters from Microsoft and Alphabet, recommending value stocks instead, while questioning the appeal of bonds with current yields.