Where new growth can be found in the tech sector
The tech landscape saw major growth in 2023, primarily from the mass adoption of AI. What could growth look like for tech in 2024? Synovus Trust Senior Portfolio Manager Dan Morgan joins Yahoo Finance Live to weigh in on major tech themes in 2024.
According to Morgan, enterprise software — although “muted” in 2023 — is expected to see growth by 13% in 2024. Morgan notes that the data center segments, including Amazon's AWS (AMZN) and Microsoft Azure (MSFT), have become more "mature."
“I don’t think we’re ever going to return back to the growth rates that we had previously, especially after COVID," Morgan believes about data center growth.
For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
This article was written by Eyek Ntekim.
Click here to watch the video.
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