HAN-GINS Tech Megatrends ETF co-creator discusses highlights of July report as tech stocks rally

GinsGlobal’s Anthony Ginsberg discusses key takeaways from the July 2022 Tech Megatrends Market Report.

Ginsberg noting that second-quarter earnings from big tech companies have been “less disappointing” than many had predicted, resulting in a tech rally over the past week.

“The revenue numbers have held up pretty well,” Ginsberg said. “Inflation has hurt some of the profitability numbers across Microsoft and Amazon … Apple as well. But what’s actually come through fairly strongly is that cloud computing as a particular sub-theme has really boosted both Google and Amazon’s numbers.”

Top sub-theme contributors to the HAN-GINS Tech Megatrends UCITS ETF in July represented Genomics, Cloud and Cybersecurity.

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