The TL20 re-balances in the wake of market cycles For the latest rebalancing of The Technology Letter 20, the group of twenty great companies whose shares are worth considering, I’ve been focused to a greater degree than usual on the cycles of technology markets. Both the
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Meta, Amazon, Apple: Tech Giants’ Financial Performance and Market Trends
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Meta is Patek Phillipe, Amazon’s profit dazzles, Apple defended Meta is “the Patek Phillipe of the Internet,” quipped one observer, while Amazon’s higher operating profit delighted the Street, and the bulls rushed to Apple’s defense after a large drop in sales in China.
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Cloud Computing Strength Signals Continued Big Tech Infrastructure Spending
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Arista, Snowflake: Cloudy day in a nice kind of way The healthy cloud computing results this week are a good signal for continued high levels of spending on equipment by the Big Three — Microsoft, Alphabet and Amazon — as well as Meta, which is good news for infrastructure
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GPT-3.5 and GPT-4 fail at basic tree search tasks
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Gen AI fails in this very common ability of human thought OpenAI’s GPT-3.5 and GPT-4 both fell down when challenged with greater and greater levels of a basic computer task known as tree search, pointing to a fundamental omission in their design. https://
zdnet.com/article/genera
tive-ai-fails-in-this-very-common-ability-of-human-thought/
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Fed Rate Decision Impacts Tech Earnings and Market Performance
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Fed Reserve tanks earnings season, but Nextracker is a star Wednesday was a rough market for earnings reports, as the Fed Reserve’s indication it hasn’t decided when it will start cutting rates was a downer that pushed down the Nasdaq Composite Index by two percent. The Fed news
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Tech Earnings Season: Netflix, IBM Shine Amid AI Wave
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The TL Podcast for January 29th: The thick of earnings season Netflix and IBM shone while Intel and Tesla were duds as prime time for earnings season gets underway, and software and semiconductors ride a wave of excitement for AI in 2024. https://
thetechnologyletter.com/the-posts/the-
tl-podcast-for-january-29th-the-thick-of-earnings-season
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Electronics Manufacturers Beat Expectations: Signal Strong Tech Demand
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Here’s a good sign for global economic trends: two contract electronics manufacturers, Celestica and Sanmina, companies that manufacture things for other companies for a fee, both reported earnings results for the December-ending quarter that were higher than expected. Sell-side
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Intel’s Data Center Struggles Amid AI Market Shift
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Intel’s streak ends: Is data center being hurt by the AI craze? Intel’s three-quarter streak of better-than-expected revenue forecasts fell apart as the outlook this evening came in eleven percent lower than expected. Intel’s data center chip sales fell again, capping a
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ASML Orders Surge Signals Intensifying AI Hardware Race
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ASML’s huge surge in orders points to the AI race
ASML had an astounding quarter for new orders, surging by fifty percent and crushing consensus. The preponderance of “EUV” equipment in the orders, and the enormous amount of it going to the memory-chip market, plays into the -
Smartsheet CEO on Productivity Gap and Business Innovation
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I thought productivity apps were a dead topic. Who knew. Please enjoy my interview with Smartsheet CEO Mark Mader Smartsheet CEO: The race for productivity is still on “There is a productivity gap that has allowed us to build a billion-dollar business."