Nasdaq 100 - Dawn of the New Age !
Nasdaq 100 has been rallying since it bottomed out of the deep 2022 correction. The current rally is likely to continue for sometime however, one should not be ignoring the technical levels for support and resistance that we observe on the chart for short term profit taking and building positions on pull back.
The recent highs are supported by an unprecedented demand for AI hardware. I believe we are in phase 1 of a major super cycle that is likely to pan out over years perhaps decades.
The super cycle is likely to have three stages.
1. The race to build out the infrastructure
2. Companies that are able to build their software to deliver services and finally
3. Companies that convert stage 1 & 2 into cash flows.
It’s hard to predict companies that will have the most success in stage 2 and 3. However, as a strategy I plan to stick to the hardware providers and then owning a diversified portfolio of tech stocks.
The recent highs are supported by an unprecedented demand for AI hardware. I believe we are in phase 1 of a major super cycle that is likely to pan out over years perhaps decades.
The super cycle is likely to have three stages.
1. The race to build out the infrastructure
2. Companies that are able to build their software to deliver services and finally
3. Companies that convert stage 1 & 2 into cash flows.
It’s hard to predict companies that will have the most success in stage 2 and 3. However, as a strategy I plan to stick to the hardware providers and then owning a diversified portfolio of tech stocks.
Feragatname
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