• BristolPress | Story Of The Day
Thursday, October 9, 2025
  • Login
Bristol Press
  • Home
  • World
  • News
  • Politics
    Palestine’s ambassador to the UK to address SNP conference as peace deal hopes grow

    Palestine’s ambassador to the UK to address SNP conference as peace deal hopes grow

    Total freeze urged on Michelle Mone-linked assets including Scots properties after £122m PPE ruling

    Total freeze urged on Michelle Mone-linked assets including Scots properties after £122m PPE ruling

    Rachel Reeves decision to axe two-child benefit cap would impact millions of Scottish families

    Rachel Reeves decision to axe two-child benefit cap would impact millions of Scottish families

    Anas Sarwar’s woes are about to get worse but Labour still has path to victory

    Anas Sarwar’s woes are about to get worse but Labour still has path to victory

    Seagull summit goes ahead days after SNP minister was forced to quit in row over feathered menaces

    Seagull summit goes ahead days after SNP minister was forced to quit in row over feathered menaces

    Scotland becoming more intolerant amid immigration debate, warns Humza Yousaf

    Scotland becoming more intolerant amid immigration debate, warns Humza Yousaf

    Alexander Dennis to continue bus building in Scotland as SNP Government offers £4m furlough scheme

    Alexander Dennis to continue bus building in Scotland as SNP Government offers £4m furlough scheme

    Peter Mandelson facing sacking calls by SNP over links to paedophile Jeffrey Epstein

    Peter Mandelson facing sacking calls by SNP over links to paedophile Jeffrey Epstein

    Greyhound racing set for total ban in Scotland after ministers back MSP’s bill

    Greyhound racing set for total ban in Scotland after ministers back MSP’s bill

    MSPs should ‘go through vetting’ to be alone with kids after Colin Smyth charges

    MSPs should ‘go through vetting’ to be alone with kids after Colin Smyth charges

    MSP Colin Smyth denies hiding secret camera in Scottish Parliament toilet

    MSP Colin Smyth denies hiding secret camera in Scottish Parliament toilet

    Labour MP blasts ‘coked-up yobbery’ of far right protestors as she hits out at ‘disaster’ of asylum hotels

    Labour MP blasts ‘coked-up yobbery’ of far right protestors as she hits out at ‘disaster’ of asylum hotels

    Trending Tags

    • Business

      Salesforce boss Marc Benioff joins Weev.

      What is a virtual office and why you need one in Central London – Your Company Formations Ltd

      What is a virtual office and why you need one in Central London – Your Company Formations Ltd

      Inflation rises again to new 40-year high

      Inflation rises again to new 40-year high

      Bank of England hikes interest rates to 1.25%

      Bank of England hikes interest rates to 1.25%

      Hiring activity in Scotland slows amid steep decline in staff availability

      Hiring activity in Scotland slows amid steep decline in staff availability

      Scottish retail footfall growth ‘worst in UK compared to pre-pandemic’

      Scottish retail footfall growth ‘worst in UK compared to pre-pandemic’

    • Sports
      Celtic fans take board aim in fresh banner protest at Parkhead as they tell supporters ‘give them hell’

      Celtic fans take board aim in fresh banner protest at Parkhead as they tell supporters ‘give them hell’

      Kasper Schmeichel call made as Celtic make three changes in predicted XI vs Motherwell

      Kasper Schmeichel call made as Celtic make three changes in predicted XI vs Motherwell

      Brendan Rodgers knows my one Celtic regret but he’s the best I’ve worked under and a true perfectionist

      Brendan Rodgers knows my one Celtic regret but he’s the best I’ve worked under and a true perfectionist

      Hearts chief demands ‘calm’ amid Rangers pile on as Celtic title tilt sparks knowing warning

      Hearts chief demands ‘calm’ amid Rangers pile on as Celtic title tilt sparks knowing warning

      Ex Man Utd star faces prison for failure to pay child maintenance

      Ex Man Utd star faces prison for failure to pay child maintenance

      Dermot Desmond to ‘take a lead’ in Celtic fan row and ditch golden rule for first time in three years

      Dermot Desmond to ‘take a lead’ in Celtic fan row and ditch golden rule for first time in three years

      Raging Ally McCoist slaughters Rangers chiefs for ‘unacceptable’ sin

      Raging Ally McCoist slaughters Rangers chiefs for ‘unacceptable’ sin

      Mikel Arteta claim about Ange Postecoglou rings louder than ever as Arsenal boss tosses rivalry aside

      Mikel Arteta claim about Ange Postecoglou rings louder than ever as Arsenal boss tosses rivalry aside

      Chris Sutton reacts to ‘misguided’ Celtic transfer declaration as UEFA spending cap claim torpedoed

      Chris Sutton reacts to ‘misguided’ Celtic transfer declaration as UEFA spending cap claim torpedoed

      Union Bears torch Green Brigade gear as Celtic ultras targeted by gloating Rangers rivals

      Union Bears torch Green Brigade gear as Celtic ultras targeted by gloating Rangers rivals

      Kieron Bowie touted for Rangers transfer if key hurdle can be cleared

      Kieron Bowie touted for Rangers transfer if key hurdle can be cleared

      Raging Fabrizio Romano fires back at fan for branding him a ‘fraud’

      Raging Fabrizio Romano fires back at fan for branding him a ‘fraud’

      Trending Tags

      • Technology
        Xbox Game Pass ‘gets biggest update yet’ but could lead to ‘mass unsubscribing’ for one reason

        Xbox Game Pass ‘gets biggest update yet’ but could lead to ‘mass unsubscribing’ for one reason

        ‘Compact’ power bank that is ‘perfect for on the go’ drops to £29 in limited time deal

        ‘Compact’ power bank that is ‘perfect for on the go’ drops to £29 in limited time deal

        Sky Mobile throws in £210 freebies with Samsung’s new £9 Apple iPad rival

        Sky Mobile throws in £210 freebies with Samsung’s new £9 Apple iPad rival

        NASA announces breakthrough discovery suggesting life on Mars

        NASA announces breakthrough discovery suggesting life on Mars

        Sir James Dyson unveils new AI robot vacuum in a bid to help households to clean with ease

        Sir James Dyson unveils new AI robot vacuum in a bid to help households to clean with ease

      • Health
        NHS atorvastatin warning over common ‘nosebleed’ symptom

        NHS atorvastatin warning over common ‘nosebleed’ symptom

        NHS doctor shares common mistake people make at GP appointments

        NHS doctor shares common mistake people make at GP appointments

        ‘Our son, 18, died when curly hair hid deadly disease – now we’re taking action’

        ‘Our son, 18, died when curly hair hid deadly disease – now we’re taking action’

        Scottish siblings diagnosed with the same terminal illness that killed their dad

        Scottish siblings diagnosed with the same terminal illness that killed their dad

        Signs of depression in later life and how to recognise them, according to experts

        Signs of depression in later life and how to recognise them, according to experts

      • Entertainment
        New update on calls for weekly State Pension payments of £586 for people over 60

        New update on calls for weekly State Pension payments of £586 for people over 60

        DWP timeline for PIP eligibility changes for new and existing claimants

        DWP timeline for PIP eligibility changes for new and existing claimants

        Debenhams cuts price of ‘beautiful’ £845 watch perfect for Christmas gifting to £99

        Debenhams cuts price of ‘beautiful’ £845 watch perfect for Christmas gifting to £99

        Next shoppers ‘absolutely love’ £34 teddy fleece that’s ‘very cosy’

        Next shoppers ‘absolutely love’ £34 teddy fleece that’s ‘very cosy’

        UK watchdog issues new car finance update on possible £1,100 compensation payout due next year

        UK watchdog issues new car finance update on possible £1,100 compensation payout due next year

      • Life Style
      • Travel
      • Education
        Police investigate alleged attack on boy at top Welsh secondary school

        Police investigate alleged attack on boy at top Welsh secondary school

        Welsh council explains how and when schools will search pupils for weapons

        Welsh council explains how and when schools will search pupils for weapons

        Best universities in Wales and the UK named in prestigious rankings

        Best universities in Wales and the UK named in prestigious rankings

        Primary schools in one part of Wales propose big change for parents

        Primary schools in one part of Wales propose big change for parents

        International students warned of deportation if they overstay their visa

        International students warned of deportation if they overstay their visa

      • Real Estate
      No Result
      View All Result
      • Home
      • World
      • News
      • Politics
        Palestine’s ambassador to the UK to address SNP conference as peace deal hopes grow

        Palestine’s ambassador to the UK to address SNP conference as peace deal hopes grow

        Total freeze urged on Michelle Mone-linked assets including Scots properties after £122m PPE ruling

        Total freeze urged on Michelle Mone-linked assets including Scots properties after £122m PPE ruling

        Rachel Reeves decision to axe two-child benefit cap would impact millions of Scottish families

        Rachel Reeves decision to axe two-child benefit cap would impact millions of Scottish families

        Anas Sarwar’s woes are about to get worse but Labour still has path to victory

        Anas Sarwar’s woes are about to get worse but Labour still has path to victory

        Seagull summit goes ahead days after SNP minister was forced to quit in row over feathered menaces

        Seagull summit goes ahead days after SNP minister was forced to quit in row over feathered menaces

        Scotland becoming more intolerant amid immigration debate, warns Humza Yousaf

        Scotland becoming more intolerant amid immigration debate, warns Humza Yousaf

        Alexander Dennis to continue bus building in Scotland as SNP Government offers £4m furlough scheme

        Alexander Dennis to continue bus building in Scotland as SNP Government offers £4m furlough scheme

        Peter Mandelson facing sacking calls by SNP over links to paedophile Jeffrey Epstein

        Peter Mandelson facing sacking calls by SNP over links to paedophile Jeffrey Epstein

        Greyhound racing set for total ban in Scotland after ministers back MSP’s bill

        Greyhound racing set for total ban in Scotland after ministers back MSP’s bill

        MSPs should ‘go through vetting’ to be alone with kids after Colin Smyth charges

        MSPs should ‘go through vetting’ to be alone with kids after Colin Smyth charges

        MSP Colin Smyth denies hiding secret camera in Scottish Parliament toilet

        MSP Colin Smyth denies hiding secret camera in Scottish Parliament toilet

        Labour MP blasts ‘coked-up yobbery’ of far right protestors as she hits out at ‘disaster’ of asylum hotels

        Labour MP blasts ‘coked-up yobbery’ of far right protestors as she hits out at ‘disaster’ of asylum hotels

        Trending Tags

        • Business

          Salesforce boss Marc Benioff joins Weev.

          What is a virtual office and why you need one in Central London – Your Company Formations Ltd

          What is a virtual office and why you need one in Central London – Your Company Formations Ltd

          Inflation rises again to new 40-year high

          Inflation rises again to new 40-year high

          Bank of England hikes interest rates to 1.25%

          Bank of England hikes interest rates to 1.25%

          Hiring activity in Scotland slows amid steep decline in staff availability

          Hiring activity in Scotland slows amid steep decline in staff availability

          Scottish retail footfall growth ‘worst in UK compared to pre-pandemic’

          Scottish retail footfall growth ‘worst in UK compared to pre-pandemic’

        • Sports
          Celtic fans take board aim in fresh banner protest at Parkhead as they tell supporters ‘give them hell’

          Celtic fans take board aim in fresh banner protest at Parkhead as they tell supporters ‘give them hell’

          Kasper Schmeichel call made as Celtic make three changes in predicted XI vs Motherwell

          Kasper Schmeichel call made as Celtic make three changes in predicted XI vs Motherwell

          Brendan Rodgers knows my one Celtic regret but he’s the best I’ve worked under and a true perfectionist

          Brendan Rodgers knows my one Celtic regret but he’s the best I’ve worked under and a true perfectionist

          Hearts chief demands ‘calm’ amid Rangers pile on as Celtic title tilt sparks knowing warning

          Hearts chief demands ‘calm’ amid Rangers pile on as Celtic title tilt sparks knowing warning

          Ex Man Utd star faces prison for failure to pay child maintenance

          Ex Man Utd star faces prison for failure to pay child maintenance

          Dermot Desmond to ‘take a lead’ in Celtic fan row and ditch golden rule for first time in three years

          Dermot Desmond to ‘take a lead’ in Celtic fan row and ditch golden rule for first time in three years

          Raging Ally McCoist slaughters Rangers chiefs for ‘unacceptable’ sin

          Raging Ally McCoist slaughters Rangers chiefs for ‘unacceptable’ sin

          Mikel Arteta claim about Ange Postecoglou rings louder than ever as Arsenal boss tosses rivalry aside

          Mikel Arteta claim about Ange Postecoglou rings louder than ever as Arsenal boss tosses rivalry aside

          Chris Sutton reacts to ‘misguided’ Celtic transfer declaration as UEFA spending cap claim torpedoed

          Chris Sutton reacts to ‘misguided’ Celtic transfer declaration as UEFA spending cap claim torpedoed

          Union Bears torch Green Brigade gear as Celtic ultras targeted by gloating Rangers rivals

          Union Bears torch Green Brigade gear as Celtic ultras targeted by gloating Rangers rivals

          Kieron Bowie touted for Rangers transfer if key hurdle can be cleared

          Kieron Bowie touted for Rangers transfer if key hurdle can be cleared

          Raging Fabrizio Romano fires back at fan for branding him a ‘fraud’

          Raging Fabrizio Romano fires back at fan for branding him a ‘fraud’

          Trending Tags

          • Technology
            Xbox Game Pass ‘gets biggest update yet’ but could lead to ‘mass unsubscribing’ for one reason

            Xbox Game Pass ‘gets biggest update yet’ but could lead to ‘mass unsubscribing’ for one reason

            ‘Compact’ power bank that is ‘perfect for on the go’ drops to £29 in limited time deal

            ‘Compact’ power bank that is ‘perfect for on the go’ drops to £29 in limited time deal

            Sky Mobile throws in £210 freebies with Samsung’s new £9 Apple iPad rival

            Sky Mobile throws in £210 freebies with Samsung’s new £9 Apple iPad rival

            NASA announces breakthrough discovery suggesting life on Mars

            NASA announces breakthrough discovery suggesting life on Mars

            Sir James Dyson unveils new AI robot vacuum in a bid to help households to clean with ease

            Sir James Dyson unveils new AI robot vacuum in a bid to help households to clean with ease

          • Health
            NHS atorvastatin warning over common ‘nosebleed’ symptom

            NHS atorvastatin warning over common ‘nosebleed’ symptom

            NHS doctor shares common mistake people make at GP appointments

            NHS doctor shares common mistake people make at GP appointments

            ‘Our son, 18, died when curly hair hid deadly disease – now we’re taking action’

            ‘Our son, 18, died when curly hair hid deadly disease – now we’re taking action’

            Scottish siblings diagnosed with the same terminal illness that killed their dad

            Scottish siblings diagnosed with the same terminal illness that killed their dad

            Signs of depression in later life and how to recognise them, according to experts

            Signs of depression in later life and how to recognise them, according to experts

          • Entertainment
            New update on calls for weekly State Pension payments of £586 for people over 60

            New update on calls for weekly State Pension payments of £586 for people over 60

            DWP timeline for PIP eligibility changes for new and existing claimants

            DWP timeline for PIP eligibility changes for new and existing claimants

            Debenhams cuts price of ‘beautiful’ £845 watch perfect for Christmas gifting to £99

            Debenhams cuts price of ‘beautiful’ £845 watch perfect for Christmas gifting to £99

            Next shoppers ‘absolutely love’ £34 teddy fleece that’s ‘very cosy’

            Next shoppers ‘absolutely love’ £34 teddy fleece that’s ‘very cosy’

            UK watchdog issues new car finance update on possible £1,100 compensation payout due next year

            UK watchdog issues new car finance update on possible £1,100 compensation payout due next year

          • Life Style
          • Travel
          • Education
            Police investigate alleged attack on boy at top Welsh secondary school

            Police investigate alleged attack on boy at top Welsh secondary school

            Welsh council explains how and when schools will search pupils for weapons

            Welsh council explains how and when schools will search pupils for weapons

            Best universities in Wales and the UK named in prestigious rankings

            Best universities in Wales and the UK named in prestigious rankings

            Primary schools in one part of Wales propose big change for parents

            Primary schools in one part of Wales propose big change for parents

            International students warned of deportation if they overstay their visa

            International students warned of deportation if they overstay their visa

          • Real Estate
          No Result
          View All Result
          Bristol Press
          No Result
          View All Result

          Apple, Tesla and Nvidia were among 2023’s ‘magnificent seven’ stocks – here’s what to expect from them all in 2024

          by BP Author
          December 27, 2023
          in World
          0
          0
          SHARES
          3
          VIEWS
          Share on FacebookShare on Twitter


          In the 1960 western The Magnificent Seven, a group of seven gunfighters protect a village from bandits. Only three survive to ride out of town at the end of the movie. The odds look much better for the seven tech companies recently dubbed the magnificent seven after dominating US stock markets in 2023. But there are problems that could ambush some of these companies in 2024.

          Apple, Alphabet, Microsoft, Amazon, Meta, Tesla and Nvidia have driven a rally in US stocks in 2023. They now make up nearly a third of the S&P 500 measure of the largest listed US companies, which has risen more than 20% since January. These tech stocks had provided shareholders with a whopping 71% return by mid-November while the other 493 names added just 6%.

          This impressive performance led Bank of America analyst Michael Hartnett to name these companies the magnificent seven earlier this year. Goldman Sachs soon followed, calling their massive outperformance the “defining feature” of the equity market in 2023.

          But as dramatic as this performance has been – and although they’re all essentially tech companies – don’t make the mistake of thinking they’re all the same. In fact, the outlook for the magnificent seven next year is mixed, particularly in light of expected changes in their core markets.

          Rising competition in the EV market

          Let’s start with the bad news first. Electric vehicle (EV) manufacturer Tesla Motors will continue to lose market share in 2024. While chief executive Elon Musk has been dealing with advertising problems on X (formerly Twitter), one of his other businesses, over the first three quarters of this year, Tesla has seen its US market dominance shrink from 62% to just over 50% of the market. Both BMW Group and Mercedes-Benz Cars have expanded their footprints.

          And over the next few years, the growing global heft of Chinese manufacturers looks hard to beat. Chinese EV players such as BYD, Nio, Wuling and Xpeng produced almost 60% of the world’s EVs in 2022 – and they have been doing so in a very affordable manner. In the first half of 2023, the average cost of an EV in China was US$33,000 (£26,040), more than half the US$70,700 (£55,800) people pay for EVs in Europe and the US$72,000 (£56,800) paid in the US.

          US president Joe Biden has proposed strict new car pollution controls that will require almost two-thirds of new cars sold in the US to be electric by 2032. But the cost of EVs will need to come down if they are to achieve mass market appeal.

          A grey Tesla model S driving on the road with the sun setting in the background.
          A Tesla Model S.
          canadianPhotographer56/Shutterstock

          Sunny outlook for cloud computing

          Magnificent seven members Amazon, Microsoft and Alphabet make up two-thirds of the cloud computing market, which will continue to grow in 2024, although perhaps not quite as much as in the past.

          Still, the market for cloud infrastructure services is expected to expand from US$122 billion in 2023 to US$446 billion by 2032. In particular, concerns about the macroeconomic environment have seen some customers focus on using the cloud more to reduce costs in recent years, although this has yet to have any meaningful impact on revenues.

          And for Amazon in particular, there are some niggling questions around its outlook. Although its cloud business remains solid, its original e-commerce business has seen growing competition recently, notably from rival retail giant Walmart, which is eating into its business in the US.

          This is one reason why holding Amazon shares provided an annual return over the past two years of -16.7%, as of early December, according to my calculations.

          Unstoppable AI

          Also linked to the cloud computing industry, California-based chip maker Nvidia Corporation has been the runaway success of the magnificent seven this year. This is all thanks to its dominance in processing AI workloads on the cloud. The majority of cloud players use Nvidia graphics processing units (GPUs).

          But while its two-year return of 43.3% is the most impressive of the seven tech companies, there are competitors on the horizon that could nibble away at some market share.

          Nvidia’s nearest rival AMD drew attention with its latest chip offering in 2023 – it’s betting the market will be worth US$400 billion by 2027. A number of other start-ups are also developing chips for niche AI fields.

          Can Nvidia maintain its dominance? If it does, its earnings will skyrocket
          alongside the growth of AI. But even if it loses some market share, the AI market will boom for years.

          Jen-Hsun Huan, NVIDIA's founder, president and CEO, talking about the chipmaker.
          Jen-Hsun Huan, NVIDIA’s founder, president and CEO.
          jamesonwu1972/Shutterstock

          The outliers

          For those keeping track, that just leaves two final members of the magnificent seven.

          Apple Inc – the world’s largest company by market capitalisation – consistently delivers solid returns: 16.2% over the past two years by my calculations. At the other end of the scale, social media company Meta (owner of Facebook, Instagram, Threads and WhatsApp) is the only one of the group to have shown an essentially flat stock market performance over the past two years.

          Although Meta’s revenues and earnings have consistently beaten expectations this year, the threat of anti-trust legislation in the US and Europe hangs over the company, as does an advertising market that is bottoming out. Both of these issues could harm Meta’s revenue outlook next year.

          So, the magnificent seven have all survived to ride out of town at the end of 2023, but it’s as clear as a tumbleweed rolling down a deserted main street that not all of them are in for a leisurely horseback ride through 2024. Saddle up, partners!



          Source link

          Previous Post

          Exploring the Top Online Gaming Platforms: A Comprehensive Review

          Next Post

          Exploring the Unique Charms of Stokes Croft, Bristol

          Next Post

          Exploring the Unique Charms of Stokes Croft, Bristol

          • BristolPress | Story Of The Day
          • Privacy Policy
          • Publishing Request
          • Contact

          Copyrights © 2024 BristoPress.co.uk | One of the authentic and fast UK News source.

          Welcome Back!

          Login to your account below

          Forgotten Password?

          Retrieve your password

          Please enter your username or email address to reset your password.

          Log In
          No Result
          View All Result
          • BristolPress | Story Of The Day
          • Contact
          • Privacy Policy

          Copyrights © 2024 BristoPress.co.uk | One of the authentic and fast UK News source.