Motley Fool Money Beth Kindig on AI, Semiconductors, and Tech Cycles
Feb 12, 2023
Beth Kindig, lead technology analyst at the I/O Fund, dives into the evolving landscape of tech investing. She highlights key trends in cloud adoption and the semiconductor industry, pointing to a potential rebound later this year. Kindig also discusses the lessons from companies that rushed to go public and the challenges mid-sized startups face in today’s venture capital environment. With insights on AI investment opportunities, she emphasizes the critical distinction between consumer and enterprise applications for future growth.
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Macro's Impact on Tech Investing
- Macro factors now heavily influence tech investing, similar to how the S&P 500's movements affect individual stocks.
- Growth stocks are less important, with macro factors like consumer strength taking precedence.
Cloud Computing Slowdown
- B2C budgets react faster to market changes than B2B, as seen in ad tech's rapid decline.
- Cloud budgets, being B2B, react slower but show concerning signs like Q4 budget cuts and decelerating growth.
Semiconductor Investing
- Look for semiconductor companies echoing positive outlooks for a second-half rebound, like AMD and TSM.
- Consider their AI positioning and depressed prices as potential investment opportunities.