The technology sector outperformed all other industries during the Q3 2024 earnings season. The tech sector has the highest ratio of surpassing earnings expectations, despite having the highest bars to clear due to a relentless run-up of stock prices and earnings beats. Better economic fundamentals bode well for improving consumer and corporate spending heading into 2025, though geopolitical and international trade concerns could disrupt such a rebound. The artificial intelligence (AI) theme remains strong. However, investors are growing impatient with the slow roll-out of consumer-grade features and the real impact of AI adoption on company earnings. Consequently, commentary on AI has been tempered somewhat. However, demand visibility has improved due to increased confidence in Big Tech delivering efficiencies to their customers and profit potential in their own businesses.
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Yang is a Senior Research Analyst at Counterpoint Research, based out of London. Yang has 10 years of work experience with particular interest in mobile devices, ecosystems, Emerging Markets, supply chain and macro topics that affect the global technology industry. As a tech analyst he has been quoted extensively by leading financial and media outlets. Yang started his career as a management trainee at Jardine Matheson, worked in business development at a SaaS startup, and most recently held marketing and research roles at KaiOS Technologies. Yang holds a Master of Science in Management from London Business School, and a Master of Science in Psychology from the University College of London.
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