From Nasdaq: 2025-01-30 07:37:00

The technology sector experienced growth in Q4 2024, driven by AI and GenAI adoption amidst ongoing digitalization. Cloud computing, 5G, IoT, wearables, AR/VR, drones, cybersecurity, blockchain, and quantum computing contributed to the sector’s success.

Various tech companies like BILL, TWLO, AME, and DASH are expected to surpass earnings estimates. AI demand is increasing, leading to data center expansion. Companies like Amazon, Alphabet, Microsoft, and Meta are investing in cloud capacity to support GenAI. Large Language Models require significant computational power, driving investments in chips and energy.

META plans to increase capital expenditures to $60-65 billion in 2025 to support GenAI. The rise in GenAI has boosted GPU demand, benefiting semiconductor companies. Semiconductor sales in November 2024 were $57.8 billion, up 20.7% YoY. Global sales in 2024 are estimated at $626.9 billion, with a projected increase to $697.2 billion in 2025.

BILL Holdings, TWLO, AME, and DASH are top bets to beat earnings estimates. BILL Holdings’ Q2 fiscal 2025 results are expected to benefit from Spend & Expense solutions. TWLO has seen growth from digital transformations and strategic investments. AME has gained momentum from acquisitions, while DASH has expanded its clientele and partnerships.

Finding stocks that beat earnings estimates involves looking for Zacks Rank #1, 2, or 3 with a positive Earnings ESP. BILL Holdings and DoorDash are expected to report strong earnings results, benefiting from various factors. TWLO and AME are also set for growth in their respective sectors.

Investment opportunities in tech stocks with potential for high returns in 2024. Handpicked stocks have shown significant growth in the past. Recommendations include stocks that may double in value and are currently under Wall Street radar, offering a unique opportunity for investors to enter early.



Read more at Nasdaq:: 4 Technology Stocks Poised to Beat Earnings Estimates in Q4