CNBC's "Fast Money" Old & New Tech Take Off… And Weight-Loss Drug Prices In Focus 3/12/24
Mar 12, 2024
Tech giants like IBM and Dell are surging, driving the tech trade rally. Also, President Biden's budget focuses on reducing weight-loss drug prices, impacting drugmakers' gains. Exciting insights on old-school tech investments and evolving pharmaceutical market challenges.
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Old Tech Revival
- Older tech companies like Oracle, Dell, IBM, and HPE are experiencing a resurgence.
- This suggests a potential shift in market sentiment towards established tech players.
Value in Old Tech
- Old tech companies offer a more rational valuation compared to high-flying tech stocks.
- Guy Adami highlights the potential of Dell and IBM as investment opportunities.
AI Hardware Demand
- The increasing demand for AI-enabled hardware will benefit companies like HP and Dell.
- Courtney Garcia emphasizes the three-year cycle of computer replacements and the growing need for AI-enabled devices.