2023 Darling Nvidia’s Star Continues To Rise – She’s Got The Stocks – 11 January 2024

2023 Darling Nvidia’s Star Continues To Rise – She’s Got The Stocks – 11 January 2024

Welcome back to She’s Got The Stocks — we’ve updated the format for this year and we hope you’ll love it.

2023 was a standout year for technology firms with their stocks significantly outperforming the rest of the market. In fact, despite macroeconomic challenges pouring cold water on the rest of the world, the tech-heavy Nasdaq Composite lifted by nearly 50 per cent over the course of the year.

Whilst 2024 got off to a rocky start, things are already starting to look brighter as investors express optimism ahead of the upcoming inflation data and hope that signs of cooling could prompt the Fed to change its policy direction.

It has been predicted that the Fed will introduce multiple cuts this year as interest rates remain steady though some investors are concerned that the market has priced in too many cuts.

THE WOMEN LEADING TECH INDEX

The index covers the changes in share price since our last update on the 14th of December 2023 and we’ve picked out some star performers and noteworthy stories.

Nvidia

The market’s darling last year, Nvidia has continued to soar in 2024 with its stocks up 13 per cent since mid-December.

With its market value now standing at around $US1.3 trillion, it is $US250 billion short of Amazon.

The fact Nvidia stocks continue to jump is a testament to just how in demand investors expect their AI chips to be in 2024.

Amazon

Amazon made headlines this week after it cut hundreds of jobs across both Twitch and its streaming business.

Mike Hopkins, who oversees the units, sent members an email on Wednesday morning confirming the job cuts. The memo was viewed by CNBC.

Hopkins said the company moved to make cuts to “prioritise our investments for the long-term success of our business.”

This follows the 27,000 job cuts that the business announced through 2023.

Airtasker

Sydney-based marketplace Airtasker continued to thrive with its share price lifting by 27.78 per cent since mid-December.

Airtasker saw rapid growth last year as more Aussies started to look for an extra income alongside their full-time jobs.

One user recently made headlines after paying someone $300 to stand in a pastry queue for them — showing that there really is no such thing as a free lunch.

Meta

Meta is tightening its content restriction for young people as it faces increasing scrutiny that its platforms are harmful to children and teenagers.

In a blog post, Meta said it will now “restrict teens from seeing certain types of content across Facebook and Instagram even if it’s from friends or people they follow.”

This would include content that focuses on self-harm, nudity, or restricted goods.

Apple

This week Apple released the first ad for its Vision Pro device which, despite its looks, is neither an augmented reality (AR) headset nor a virtual reality (VR) headset. Instead, Apple bills it as a “spatial computer”.

“The era of spatial computing has arrived,” said Tim Cook, Apple’s CEO. “Apple Vision Pro is the most advanced consumer electronics device ever created. Its revolutionary and magical user interface will redefine how we connect, create, and explore.”

OpenCloseChange
Macquarie Telecom Limited (ASX: MAQ)$65.00$69.316.63%
REA Group (ASX: REA)$165.03$180.479.36%
Atlassian (NAS: TEAM) (USD)$215.14$244.2113.51%
Xero (ASX: XRO)$108.50$109.801.20%
Carsales.com (ASX: CAR)$29.06$31.167.23%
NEXTDC (ASX: NXT)$13.14$13.794.95%
WiseTech Global (ASX: WTC)$72.61$72.47-0.19%
Appen (ASX: APX)$0.60$0.51-15.00%
Airtasker (ASX: ART)$0.18$0.2327.78%
Telstra (ASX: TLS)$3.84$3.911.82%
Adobe (NAS: ADBE) (USD)$624.26$591.03-5.32%
Salesforce (NYSE: CRM) (USD)$257.32$264.132.65%
Apple (NAS: AAPL) (USD)$197.96$186.19-5.95%
Alphabet (NAS: GOOGL) (USD)$132.57$142.287.32%
Meta (NAS: META) (USD)$334.22$370.4710.85%
Microsoft (NAS: MSFT) (USD)$374.37$382.772.24%
Amazon (NAS: AMZN) (USD)$148.84$153.733.29%
Nvidia (NAS: NVDA) (USD)$480.88$543.5013.02%
Netflix (NAS: NFLX) (USD)$479.98$478.33-0.34%

Latest News

Fighting For ‘Attention’: How To Measure Campaigns In Today’s Content Saturated World
  • Partner Content

Fighting For ‘Attention’: How To Measure Campaigns In Today’s Content Saturated World

When it comes to ad campaigns, have you ever felt you’re ‘fighting’ for your audience’s attention? You’re not alone. Attracting and retaining audience attention in today’s digitally fragmented environment has never been more challenging. In fact, a recent study by Microsoft concluded that the human attention span has dropped to eight seconds – shrinking nearly […]

Partner Content
Women Paving the Path In Tech & Loyalty Share Key Insights
  • Technology

Women Paving the Path In Tech & Loyalty Share Key Insights

In the ever-evolving landscape of technology and loyalty, women are not just breaking barriers but reshaping the future. As we celebrate International Women’s Day and rally behind the theme of investing in women to accelerate progress, we made a conscious choice to forego the statistics that underscore the ongoing journey towards true gender parity. Instead, […]

Empowering Change: Women Leading The Generative AI Revolution In Marketing For International Women’s Day
  • Marketing

Empowering Change: Women Leading The Generative AI Revolution In Marketing For International Women’s Day

The theme for this year’s International Women’s Day, “Inspire Inclusion”, establishes a poignant tone for fostering authentic change. It perfectly mirrors the dynamic landscape of marketing, where change is the only constant. The last third-party cookie has finally crumbled, privacy laws are tightening, and now, Generative AI is quickly ushering in a new era of […]

Stevie-Ann Dovico Moves From NAB To Beyond Bank
  • Fintech

Stevie-Ann Dovico Moves From NAB To Beyond Bank

Stevie-Ann Dovico (lead image), has made the shift to customer-owned, Beyond Bank as its new chief information officer. The announcement came via Linkedin with happy to share that she is “ready to create real impact for and with our people, customers and communities” in her new role. Dovico replaces Fiona Floyd, who left the role […]

Redefining Tech Leadership: Deputy’s C-Suite Now 80% Women
  • Technology

Redefining Tech Leadership: Deputy’s C-Suite Now 80% Women

Deputy, the leading global people platform for hourly work, has announced the appointment of Sejal Patel Daswani (lead image) as its new chief people officer, resulting in a shift in the composition of its senior leadership, with women now making up 80% of the company’s C-Suite. Daswani has led people functions at every stage and […]

Acronis Names Cybersecurity Channel Veteran Kelly Johnson As General Manager For Australia & New Zealand
  • Technology

Acronis Names Cybersecurity Channel Veteran Kelly Johnson As General Manager For Australia & New Zealand

Acronis has appointed Kelly Johnson (lead image)as the new general manager for Australia and New Zealand. Johnson will lead the channel-focused business, strengthening relationships with distributors and supporting partners to meet the cybersecurity demands of modern businesses in the region. With the growing pressure on Australian businesses for cybersecurity and the drive to comply with […]

Aquent Salary Guide Reveals The Gender Pay Gap Persists In Marketing, Design & Technology Fields
  • Marketing
  • Technology

Aquent Salary Guide Reveals The Gender Pay Gap Persists In Marketing, Design & Technology Fields

Aquent has released its 2024 Australian Salary Guide for marketing, design, and technology talent. This year, it explores how marketing, design, and technology roles are expanding, deep dives into gender pay gaps, and examines the movement of salaries year-on-year—both in growth and decline. Paired with Aquent’s 2023 Talent Insights Report, the Salary Guide helps organisations […]

Tech Salaries Continue To Steady Out As Businesses Remain Cautious
  • Technology

Tech Salaries Continue To Steady Out As Businesses Remain Cautious

The hiring market is experiencing significant change, fluctuating between a frenzied candidate-short market and a more cautious employer-driven market, according to Talent’s ‘More Than Money Salary Guide 2024’. Tech and digital salaries continue to steady out but remain strong for key skillsets such as cybersecurity and AI. The report features key salaries, roles and skills […]

Surging Job Satisfaction For Australia’s Young Tech Workers Amid Labour Market Cooling
  • Technology

Surging Job Satisfaction For Australia’s Young Tech Workers Amid Labour Market Cooling

While 2021’s big workplace trend was The Great Resignation, 2024’s big trend is likely to be ‘The Big Stay’ in Australia, concludes modern HR platform HiBob in its latest research of young Australians working in the tech sector. The combination of decreasing Australian job vacancies and a remarkable increase in job satisfaction among Australia’s young tech workers in 2023 […]