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BLOOMBERG Bloomberg Technology July 13, 2024

Uber and lyft went on public with much fanfare. What does 2020 have been store . The s p 500 returning 46 so far this year. The last time we saw these gains was 2009 with the index returned 60 . The breakdown for what is driving this is michael regan. What is fueling this massive rally . Mike mostly chipmakers. Lam research. There has been talk about this rotation out of growth into value. Sells whatcell happened. It wasnt a great year for growth for most chip stocks. It is about the next big thing. What are the next big things . 5g, a lot of chips needed for that. Is in early stages. Machine learning, ai, there is a lot of optimism tilted around these innovations. The Cloud Computing arena has still not completely matured. The next big thing used to be social media, google, facebook, and those have matured to some degree. People are looking forward to that next big bump up in ....

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