Looking for tech stocks? CIO names 3 to buy — and says Nvidia is still 'reasonably valued'

  • 📰 CNBC
  • ⏱ Reading Time:
  • 26 sec. here
  • 11 min. at publisher
  • 📊 Quality Score:
  • News: 45%
  • Publisher: 72%

NVIDIA Corp News

Oracle Corp,Broadcom Inc,Alphabet Inc

Jason Ware of Albion Financial Group shares his picks, including one he describes as a 'dinosaur' with potential and a 'fabulous growth story.'

Tech stocks may have had a volatile past few weeks , but one chief investment officer is still bullish. Albion Financial Group's Jason Ware says that's thanks in part to the capital expenditure of large tech companies like Amazon , Microsoft , Nvidia and Alphabet 's Google that's "providing a bit of growth support as the economy begins to slow." These are three stocks he's buying: Nvidia, Oracle and Broadcom .

The stock may have "less of a good current yield now," but he continues to like it for its dividend growth, which came in at over 20% in the past two decades. He says he likes that Broadcom is well positioned for the AI boom, adding that it's the "second best player in the chip complex." Its fiscal third-quarter results surpassed Wall Street's expectations with adjusted earnings per share coming in at $1.24, better than the $1.20 expected, while its revenue was $13.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in CA

Canada Canada Latest News, Canada Canada Headlines