Countdown to Big Tech Earnings, and Will X Mark the Spot for Twitter? 7/24/23
CNBC's "Fast Money"
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The Value of AI Stocks
Tech stocks make up 26% of the way that the S&P 500, when you think about the contribution they are to earn. We're trading 19 and a half times forward earnings. That's per fact set versus I think the five year average about 18 and a quarter,. The 10 year average about 17 and a half or so. Make no mistake about it. We are in a sentiment bubble in and around AI.
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