Tech stocks

More SpaceX shares are becoming available for trading as lock-ups expire

Favour quality companies with strong balance sheets, consistent earnings and high returns on equity

Concerns over the ability of hyperscalers to generate revenues have eased due to strong Q2 earnings

Wall Street is growing sceptical over whether high valuations, soaring AI spending can justify further gains

Nvidia said that revenue will expand about 70 per cent next fiscal year

[PROVIDENCE] Institutional investors pulled back slightly from key stock market segments such as semiconductors, artificial intelligence infrastructure and mega-cap technology companies during the second quarter, with few big bets in either direction, US Securities and Exchange Commission (SEC) filings show.

Enthusiasm for tech hardware stocks is returning on evidence of continued massive AI spending by global big tech firms

Expiration of lock-ups increases shares available to trade

Its shares jump as much as 14% to US$142.91 before closing at US$125.65 on Monday