To The Moon

🌟🌟🌟This is undoubtedly the Year of Big Tech led by $NVIDIA Corp(NVDA)$  which is up 173% year todate due to its dominant position in the specialised chips used in AI machine learning.

Two thirds of the market gains since last year come from just a few companies - The Magnificent 7.  They are $Amazon.com(AMZN)$  , Alphabet, $Apple(AAPL)$   $Meta Platforms, Inc.(META)$   Microsoft, Nvidia and Tesla.

The valuations of the Magnificent 7 are trading at multiples of 35 times forward earnings compared to the historical average of the S&P Technology sector of 22 times forward earnings.

I have been been fortunate to invest in $Alphabet(GOOGL)$  which is up 52%.  I have held Google when it was just USD 115.88 per share.  It even dipped below USD 100 but I believe in the future of Google and held on.  Google is the leader in Search Engine globally with 92% of the market share. 

Google is also very much at the forefront of the AI revolution with Gemini, formerly known as Bard.  Gemini is a Generative AI chatbot developed by Google.  The relationship between AI and Google is one of Synergy, not replacement.  As AI continues to advance, Google will adapt and further enhance its offerings, ensuring that it remains at the forefront of technology innovation.

Performance wise, Google is up 0.92% on Friday and in the past 5 days, Google is up 0.99%.  Google is now up 27.8% year todate.  In 2023, Google has jumped 41.8%.  In the past 5 years, Google is up a huge 228%.

Wall Street Analysts are bullish on Google with a Buy rating, Target price of USD 197.67, an upside potential of 11.8% according to Tipranks. 

I am bullish on Google too as I believe that it has lots of exponential growth ahead. 

As the late Charlie Munger likes to say - The Big Money is not in the Buying and Selling but in the Waiting.   This will allow the magic of compounding to happen.  It is time in the market that counts, not timing the market. 

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