Amazon is classified as a consumer, not #tech
, company on Nasdaq? Likewise, would you define Airbnb as a tech or hospitality firm? What about Tesla? Clearly, such distinctions are no longer as relevant. Soon, every company will become a tech company.
, one must go beyond traditional classifications and go deeper into the firm’s actual tech capabilities, its cash flow prospects, balance sheet strength and competitive standing.
When seeking investment opportunities globally, we have found “traditional” companies with advanced tech trading at “old economy” valuations, and will keep seeking more of such investments. 🌍 Follow @gicsg
for more #insights