Cloud momentum and CIO optimism point to a 4% rise in 2021 tech spending
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A range of new data now suggests that tech spending will be higher than we previously thought for 2021.
COVID-19 learnings, a faster-than-expected vaccine rollout, productivity gains and broad-based cloud leverage lead us to raise our outlook for next year. We now expect a 3% to 5% increase in 2021 technology spending, roughly double our previously forecasted growth rate.
In this Breaking Analysis we’ll share new spending data from our partners at Enterprise Technology Research and take a preliminary look at which sectors and companies are showing momentum heading into next year.
What to Expect from FAANG Stocks in Upcoming 2021?
Dec 18 2020 · 10:35 UTC by Daria Rud · 3 min read
Photo: Depositphotos
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There are lots of factors that can drive FAANG and other tech shares in 2021. The most interesting of them include developments in gaming, cybersecurity, 5G, edge computing, and data analytics.
2020 has been a difficult year that tested stocks for strength. Some have stood the test, others have not. Among those who have proved to be winners in this hard time are FAANG stocks – Facebook Inc (NASDAQ: FB), Amazon.com Inc (NASDAQ: AMZN), Apple Inc (NASDAQ: AAPL), Netflix Inc (NASDAQ: NFLX), and Google LLC (NASDAQ: GOOGL), the five most prominent and successful tech companies. During the coronavirus pandemic, they benefited from strong demand for e-commerce services and increased media consumption as a result of lockdowns and stay-at-home orders. Now it’s time to make a forecast for FAANG stocks’ perform
Process automation startup UiPath files for IPO expected in the first half of 2021
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Fast-growing robotic process automation startup UiPath Inc. is setting its sights on Wall Street after filing confidential paperwork for an initial public offering that will likely come in the first half of 2021.
UiPath hasn’t yet determined a price for the offering, but Bloomberg, which first reported the news today, speculated it could put the company’s value at more than $20 billion. The report added that the company is working with banks that include JPMorgan Chase & Co., Morgan Stanley, Bank of America Corp. and Credit Suisse Group AG to prepare the offering.
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NEW YORK, Dec. 17, 2020 /PRNewswire/ COVID-19 has been a major driver behind explosive technological advances this year as companies have focused on doing what they do best - but even better. While some advancements have targeted saving lives, others have focused on saving livelihoods, as financial stability and security can be almost as important as health in today s world of emotional and economic fear and uncertainty. The pandemic has transformed the world in many ways, including bringing data collection and digital technologies to the forefront of a socially distanced world. With this in mind,
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E-commerce firm Wish sees shares fall 5per cent in market debut Toggle share menu
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E-commerce firm Wish sees shares fall 5per cent in market debut :Shopping app Wish s parent company ContextLogic Inc saw its share price fall more than 5per cent in its trading debut on Wednesday, after raising US$1.1 billion in an initial public offering (IPO).
FILE PHOTO: A view of the exterior of the Nasdaq market site in the Manhattan borough of New York City, U.S., October 24, 2016. REUTERS/Shannon Stapleton/File Photo
17 Dec 2020 09:20AM Share this content
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REUTERS -Shopping app Wish s parent company ContextLogic Inc saw its share price fall more than 5per cent in its trading debut on Wednesday, after raising US$1.1 billion in an initial public offering (IPO).