The Technology sector has had a strong run this year on the back of the artificial intelligence (AI) growth story. However, not all tech stocks have participated in the rally.
Earlier this week, I took a closer look at a sector and found that many well-known stocks in it are currently trading 25% or more below their highs. Here are three beaten-up tech shares to consider buying today.
One tech name that I believe looks really interesting at current levels (I’ve been buying) is Salesforce (NYSE: CRM). It’s currently trading about 33% below its highs.
This stock’s come under pressure due to a theory that AI is going to reduce demand for its customer relationship management (CRM) software. The logic is that using AI, companies will be able to create software themselves.
Now, this scenario’s a potential risk. However, personally, I’m not really buying the thesis.
I believe that demand for Salesforce’s offer is likely to remain robust in the years ahead. Especially now that the company is making moves in the data space and rolling out AI agents that can help businesses increase productivity.
At present, Salesforce stock trades at just 19.5 times next year’s earnings forecast. At that multiple, I believe the stock offers value.
In January, shares in website-building company GoDaddy (NYSE: GDDY) were trading near $215. Today however, they can be picked up for less than $150.
I see a lot of value at the current share price. With Wall Street expecting earnings per share of $7.10 next year, the forward-looking price-to-earnings (P/E) ratio’s only 20.6.
This company plays an important role in the tech ecosystem. Not only does it sell websites but it also helps customers develop, manage, and protect them.
It’s quite a good business model as it means the company’s able to generate recurring revenues. Personally, I pay the company annual fees for a handful of different websites.
Of course, an economic slowdown’s a risk here. Generative AI is also a risk as it could lead to less people starting websites.
After a 30% drop in the share price however, I like the risk/reward proposition.
Finally, check out Applied Materials (NASDAQ: AMAT). This stock was near $250 a little over a year ago. However today, it’s trading for about $160.
This tech company supplies equipment, services, and software for the manufacture of semiconductors (chips). So it’s likely to play a key role in the tech boom in the years ahead.
Its customers include the likes of Taiwan Semiconductor Manufacturing Company, Samsung, and Intel. With all of these companies planning to build new chip manufacturing plants in the US in the years ahead, the company looks well placed for long-term growth.
It’s worth pointing out that Applied Materials recently provided weak short-term guidance due to tariff uncertainty and less demand from China. These issues could hamper growth in the near term.
Taking a five-to-10-year view however, I think this company Is likely to do well. At present, the stock trades on a forward-looking P/E ratio of 17 – a low valuation relative to peers such as ASML and Lam Research.
The post 3 world-class tech shares to consider buying while they’re down 25%+ and cheap appeared first on The Motley Fool UK.
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Edward Sheldon has positions in Salesforce, ASML, and Lam Research. The Motley Fool UK has recommended ASML, Lam Research, Salesforce, and Taiwan Semiconductor Manufacturing. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors.
In this Sept 30, 2019 file photo, Indian tycoon Anil Ambani attends the annual general meeting of Reliance ADAG Companies in Mumbai. (PHOTO / AFP)
The Central Bureau of Investigation has registered a criminal case against Reliance Communications Ltd, its former director Anil Ambani and several other people after a fraud complaint from the State Bank of India.
The SBI, the country’s biggest lender by assets, alleged it faced the wrongful loss of 29.3 billion rupees ($335 million) after the accused engaged in a criminal conspiracy to misrepresent and sanction credit facilities in favor of the company, according to a statement on Saturday. The accusations also point to mis-utilization and diversion of loan funds.
ALSO READ: Ambani looks to Walton family playbook on succession
The complaint pertains to matters dating back more than 10 years when Ambani held the position of non-executive director “with no involvement in the day-to-day management,” a spokesperson for the businessman said in a text message. Ambani strongly denies all allegations and charges, and is challenging the claims through the relevant judicial channels, according to the spokesperson.
Spokespeople at Reliance Communications, the SBI and the CBI were not immediately available to comment.
The investigative agency said it obtained search warrants on Aug 22, allowing a formal inspection on Saturday of the Reliance Communications premises and the residence of Ambani, the younger brother of billionaire Mukesh Ambani.
READ MORE: Ambani joins Bezos, Musk in world’s exclusive $100 billion club
“The searches are still continuing,” the agency said in the statement.
The value of companies controlled by Anil Ambani’s Reliance Group has been eroded in recent years amid a prolonged struggle to repay debt and expand various businesses, with some even facing bankruptcy. Earlier this month, Reuters reported that India’s market regulator rejected a plea by Ambani to settle charges related to investments in the lender Yes Bank.
Nvidia is on the leading edge of artificial intelligence (AI) euphoria on Wall Street — and it’s slated to report its quarterly operating results in the coming days.
Gross margin for the stock market’s largest company is expected to come into focus, but perhaps for the wrong reasons.
Additionally, Nvidia may struggle to justify a valuation that, by historical standards, can be considered excessive.
10 stocks we like better than Nvidia ›
Arguably the most important data release of the entire third quarter is just days away. Following the closing bell on Wednesday, Aug. 27, Wall Street’s largest publicly traded company, and the innovative leader fueling the evolution of artificial intelligence (AI), Nvidia(NASDAQ: NVDA), will report its fiscal second-quarter operating results (its fiscal year ends in late January).
No technological advancement has been hotter on Wall Street than AI. Empowering software and systems with AI so they can make split-second decisions and grow more efficient over time without human intervention is a game changer that can accelerate growth in most industries around the globe. In Sizing the Prize, analysts at PwC pegged the economic impact of AI at $15.7 trillion come 2030.
While an approximately 1,100% increase in Nvidia’s stock since the start of 2023 signals that the company is firing on all cylinders, a case can be made that the face of the AI revolution is priced for perfection in a market and trend that are anything but perfect. Despite its near-parabolic ascent, Nvidia will likely struggle to live up to Wall Street’s sky-high expectations on Aug. 27.
Image source: Nvidia.
In terms of AI-graphics processing units (GPUs), Nvidia has been the kingpin. Its Hopper (H100) and Blackwell GPUs have been deployed more than any other chips in high-compute data centers, with the respective compute capabilities of Nvidia’s hardware standing tall when compared to the competition.
But what’s been even more important than Nvidia’s competitive advantages is persistent AI-GPU scarcity.
The law of supply and demand states that when demand for a good or service outpaces its supply, the price of said good or service will climb until demand tapers. With an impressive backlog for its AI-GPUs, Nvidia has been able to command a premium price for its hardware, which in turn sent its generally accepted accounting principles (GAAP) gross margin to a high of 78.4% during the first quarter of fiscal 2025. As long as this AI-advanced chip scarcity persists, Nvidia’s gross margin is golden.
The problem for Nvidia is that it’s no longer the only rodeo in town. Advanced Micro Devices and China-based Huawei are external competitors that are actively ramping up production of their data-center chips. However, the biggest threat to Nvidia’s GAAP gross margin potentially comes from within.
NVDA Gross Profit Margin (Quarterly) data by YCharts.
Nvidia’s top customers, in terms of net sales, have consistently been members of the “Magnificent Seven.” Most of these leading clients are internally developing AI GPUs and solutions to use in their respective data centers. Even though these chips are no threat to Nvidia’s compute advantages, they are considerably cheaper and not backlogged like Blackwell. In my view, it’s inevitable that internal chip development will cost Nvidia precious data center real estate.
More importantly, this internal development is working against the AI-GPU scarcity that Nvidia has held so dear. As the insatiable demand for AI-accelerating chips calms, Nvidia should see its pricing power and GAAP gross margin fade over time. We’ve already been witnessing steady gross margin erosion for more than a year.
In addition to gross margin being front and center, Nvidia is going to have a near-impossible task of justifying its valuation premium amid a historically pricey market.
To be abundantly clear, I believe Nvidia is deserving of a valuation premium thanks to its competitive advantages. The issue, while subjective, is how far this premium can be stretched before it becomes excessive.
Historical precedent tells us that industry leaders of next-big-thing trends have a relatively short leash when it comes to extended valuations. Prior to the bursting of the dot-com bubble a quarter-century ago, prominent internet leaders like Cisco Systems, Microsoft, and Amazon peaked at price-to-sales (P/S) ratios ranging from 31 to 43, respectively. Except for Palantir Technologies, whose P/S ratio recently entered a separate orbit, no megacap company on the leading edge of a game-changing technology has been able to maintain a P/S ratio in the 30 to 40 range for a substantial length of time.
Less than a week ago, Nvidia’s trailing-12-month P/S ratio was hovering north of 30. While its P/S ratio will decline a bit when it reports projected year-over-year sales growth of 53% in the fiscal second quarter, it’ll still be tipping the scales at a multiple that’s far above anything that’s been historically sustainable.
On top of being individually pricey, Nvidia is one of a handful of high-growth tech stocks that have lifted the S&P 500‘s (SNPINDEX: ^GSPC) Shiller price-to-earnings (P/E) ratio to its third-highest multiple during a continuous bull market when back-tested 154 years. Previously documented occasions when the stock market was this expensive were eventually followed by declines of 20% or more in the benchmark S&P 500.
Pardon the pun following the gross margin discussion above, but there’s simply no margin for error.
Image source: Getty Images.
The final piece of the puzzle that helps explain why Nvidia is positioned to disappoint come Aug. 27 (and beyond) has to do with history.
For the better part of the last three decades, investors have been privy to no shortage of next-big-thing trends and game-changing innovations. While many of these trends went on to positively impact corporate America, including the advent of the internet, all endured early-stage bubble-bursting events.
The problem with hyped innovations is that investors consistently overshoot when it comes to widespread adoption timelines and early-stage utility. For example, businesses didn’t fully understand how to make the internet revolution work in their favor until many years after it went mainstream. It takes time for game-changing innovations to mature, which makes it unlikely that artificial intelligence has done so in a little over two years.
While demand for AI-data center infrastructure and AI software has been impressive, most businesses aren’t yet optimizing their AI solutions, nor are many generating a positive return on their AI investments. These are telltale signs that investors have, yet again, overestimated how impactful artificial intelligence will be, at least in the early going.
No megacap company’s growth has been more reliant on investor euphoria surrounding the evolution of AI than Nvidia, which has added close to $4 trillion in market cap in less than three years. Even the slightest hiccup can disrupt this hype.
To reiterate, Nvidia is a solid and time-tested company that isn’t going anywhere. But it’s far from perfect — and perfection is all Wall Street will settle for at this point.
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Sean Williams has positions in Amazon. The Motley Fool has positions in and recommends Advanced Micro Devices, Amazon, Cisco Systems, Microsoft, Nvidia, and Palantir Technologies. The Motley Fool recommends the following options: long January 2026 $395 calls on Microsoft and short January 2026 $405 calls on Microsoft. The Motley Fool has a disclosure policy.
Prediction: Nvidia Won’t Be Able to Live Up to Wall Street’s Sky-High Expectations on Aug. 27 was originally published by The Motley Fool
A screen displays the logo of Spotify on the floor at the New York Stock Exchange on Dec. 4, 2023.
Brendan Mcdermid | Reuters
Spotify will raise prices as it invests in new features and targets 1 billion users, the Financial Times reported on Sunday citing the music streaming provider’s Co-President and Chief Business Officer Alex Norstrom.
The increases would be accompanied by planned new services and features, the FT cited Norstrom as saying in an interview.
Spotify did not immediately respond to a Reuters request for comment.
Earlier in August, the Swedish firm said it would increase the monthly price of its premium individual subscription in some markets from September, as it looks to improve profit margins.
It said the price will rise to 11.99 euros ($14.05) from 10.99 euros in markets including South Asia, the Middle East, Africa, Europe, Latin America and the Asia-Pacific region.
“Price increases and price adjustments and so on, that’s part of our business toolbox and we’ll do it when it makes sense,” Norstrom told the newspaper.
Price increases combined with cost-cutting efforts in recent years helped Spotify achieve its first annual profit last year.
KABUL, Aug. 24 (Xinhua) — Afghanistan’s central bank Da Afghanistan Bank announced a 21 percent rise in the value of the afghani against foreign currencies, notably the U.S. dollar, over the past four years, crediting strategic monetary policies and expanded global banking ties, local media outlet TOLOnews reported Sunday.
“Our effort is to maintain the Afghani’s stability in a better way and not allow severe fluctuations to occur in this regard,” the media quoted Hasibullah Noori, the bank’s spokesman, as saying.
According to the official, the achievement is attributed to effective monetary policies aimed at stabilizing the nation’s economy, strengthening the banking sector, and enhancing financial support systems.
These efforts are part of a broader strategy to rebuild Afghanistan’s economy. ■
From American Eagle to Swatch, brands appear to be making a lot of blunders lately.
When actress Sydney Sweeney’s jeans campaign came out last month, critics lambasted the wordplay of good “jeans” and “genes” as tone deaf with nefarious undertones.
More recently, an advert from Swiss watchmaker Swatch sparked backlash for featuring an Asian model pulling the corners of his eyes, in an offensive gesture.
Colgate-Palmolive‘s ad for Sanex shower gel was banned in the U.K. for problematic suggestions about Black and white skin tones. And consumers derided Cracker Barrel’s decision to ditch its overalls-clad character for a more simplistic text-based logo as “sterile,” “soulless,” and “woke.”
Meanwhile, recent product launches from Adidas and Prada have raised allegations of cultural appropriation.
That has reignited the debate about when an ad campaign is effective and when it’s just plain offensive, as companies confront increased consumer scrutiny.
Outdated playbooks
“Each brand had its own blind spot,” David Brier, brand specialist and author of “Brand intervention” and “Rich brand, poor brand” told CNBC via email.
He noted, however, that too many brands are attempting to respond to consumers with an outdated playbook.
“Modern brands are trying to navigate cultural complexity with corporate simplicity. They’re using 1950s boardroom thinking to solve 2025 human problems,” he continued.
“These aren’t sensitivity failures. They’re empathy failures. They viewed culture as something to navigate around rather than understand deeply.”
The new Cracker Barrel logo is seen on a menu inside the restaurant on Aug. 21, 2025 in Homestead, Florida.
Joe Raedle | Getty Images
Some companies have had success in tapping into the zeitgeist — and, in some cases, seizing on other brands’ shortcomings.
Gap, for instance, this week sought to counter backlash against Sweeney’s advertisement with a campaign in which pop group Katseye lead a diverse group of dancers performing in denim against a white backdrop.
Brier said companies should consider how they can genuinely connect with consumers and be representative, rather than simply trying to avoid offense.
“No brand can afford to fake understanding. No brand can ‘committee its way’ to connection. No brand can focus-group its way to authenticity. In 2025, customers can smell the difference from a mile away,” he added.
Balancing the risk
Nevertheless, ads are meant to spark conversation, and at a time when grabbing and maintaining consumers’ attention — and share of wallet — is increasingly difficult, brands have a fine balance to tread.
“Brands live and die by standing out and grabbing attention. On top of that, iconic and culturally relevant brands want to stand for something and be recognized for it. Those are tough asks,” Jonathan A.J. Wilson, professor of brand strategy and culture at Regent’s University London.
In an age of social media and with ever more divided public opinions, landing one universal message can be difficult, Wilson noted. For as long as that remains the case, some brands may still see value in taking a calculated risk.
“It’s hard to land one universal message, and even if you try and tailor your message to various groups, others are watching,” he said.
“Controversy grabs attention and puts you at the front of people’s minds. It splits crowds and forces people to have a decision when otherwise they probably wouldn’t care. That can lead to disproportionate publicity, which could be converted into sales.”
Carmakers claimed that leaving electric car sales rules unchanged would threaten British jobs and cost them hundreds of millions of pounds, according to documents that show the private lobbying for a slower transition away from fossil fuels.
BMW, Jaguar Land Rover, Nissan and Toyota claimed that rules forcing them to sell more electric cars each year would harm investment in the UK, according to responses to proposed changes submitted to the government. The responses were obtained by Fast Charge, a newsletter covering electric cars, and shared with the Guardian.
JLR, the Land Rover maker, said leaving the rules unchanged would “materially damage UK producers’ ability to invest in vehicle lines”.
The last Conservative government said last year that automotive manufacturers must sell an increasing proportion of electric cars each year, or else face steep fines, under rules known as the zero emission vehicle (ZEV) mandate.
Electric car sales have increased rapidly, accounting for more than a fifth of the market in July, and every carmaker complied with targets last year. However, carmakers earlier overestimated the demand for battery vehicles, meaning they have been forced to cut prices to attract buyers.
Lower prices are good for consumers, but the industry has argued they are unsustainable. After intensive lobbying, the Labour government backed down in April, adding new “flexibilities” to rules that will allow carmakers to sell more petrol cars.
The consultation responses reveal the detailed arguments that carmakers made in private in favour of leniency, despite advice from the government’s official climate adviser that the changes could raise UK carbon emissions.
The German manufacturer BMW said the UK had become worse for manufacturing since Brexit, but added that the ZEV mandate was “much more radical and far-reaching” than the equivalent rules in the EU or California.
BMW, which makes Mini and Rolls-Royce cars in Britain, wrote: “The UK has already become a far more difficult place to produce vehicles now post-Brexit, and a further challenging market environment could ultimately damage competitiveness and have a detrimental effect on the 8,000 jobs – up to 50,000 with supply chain – we currently retain in the UK.”
Japan’s Toyota, which runs factories in Derbyshire and north Wales, said “penalties could amount to hundreds of millions of pounds for individual manufacturers, a level that could place employment and investment across the industry at risk.” The world’s biggest carmaker by volume has focused on hybrid cars, combining a smaller battery and a petrol engine, and has lobbied successfully for hybrid sales to be allowed until 2035 in the UK.
Its Japanese rival Nissan, whose sole European factory is in Sunderland, said carmakers needed more flexibilities or else face “critical levels” of costs that would divert money “away from battery EV research and development in the UK”.
JLR, which has the most British factories, complained that a rule that allowed carmakers to buy “credits” from rivals whose electric car sales were above target meant that British companies were subsidising rivals particularly in China, which dominates electric car production.
However, campaigners counter that the rules worked by forcing carmakers to go electric.
Ben Nelmes, the chief executive of New Automotive, a group advocating the switch to electric vehicles, said: “The car industry’s own consultation responses confirm that the ZEV mandate’s 2024 targets were met, proving the policy is a powerful driver of change.
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“The focus should now shift to accelerating the transition, as this data shows the UK automotive industry is capable of delivering cheaper, cleaner transport.”
Tom Riley, the author of the Fast Charge newsletter, said: “Carmakers love to wave the union jack when it suits them, but threatening UK jobs and investment to weaken climate policy is a cynical tactic.”
Mike Hawes, the chief executive of the Society of Motor Manufacturers and Traders (SMMT), a lobby group, said: “The automotive industry faces unprecedented challenges, not least the shift to EVs against a subdued economic backdrop and fierce global competition. The ZEV mandate intensifies the pressure with the timescale necessitating brands spend billions to drive demand to achieve compliance. UK manufacturers have consistently warned that this cost was unsustainable and would threaten further investment.
He said the government was right to change previous targets, which would have meant “decarbonisation at the cost of de-industrialisation”.
A BMW spokesperson said the company supported UK and global climate targets, but added: “We believe consumers will ultimately determine the pace of transition to ZEVs, as mandates do not create demand.”
A Nissan spokesperson said: “We welcome the government’s pragmatic approach to lower-than-anticipated EV take-up, including the introduction of consumer incentives designed to bring consumer demand closer to ZEV mandate requirements.”
DOHA: Oil prices steadied on Friday amid uncertainty surrounding a potential peace deal between Russia and Ukraine, with prices gaining on the week for the first time in three weeks.
Brent crude futures settled up 6 cents or 0.09% to $67.73.
West Texas Intermediate (WTI) crude futures settled up 14 cents or 0.22% to $63.66.
Both contracts gained more than 1% in the previous session.
Brent gained 2.9% last week while WTI rose 1.4%.
US President Donald Trump said on Friday he will see if Russian President Vladimir Putin and Ukraine President Volodymyr Zelenskiy will work together in ending Russia’s war in Ukraine.
According to report by Al-Attiyah Foundation, the 3-1/2-year war continued unabated last week as Russia launched an air attack on Thursday near Ukraine’s border with the European Union, and Ukraine said it hit a Russian oil refinery and the Unecha oil pumping station, a critical part of Russia’s Europe-bound Druzhba oil pipeline.
Russian oil supplies to Hungary and Slovakia could be suspended for at least five days.
Meanwhile, US and European planners have presented military options to their national security advisers after the first in-person meeting between the US and Russian leaders since Russia invaded Ukraine.
Oil prices were also supported by a larger-than-expected drawdown from US crude stockpiles in the past week, indicating strong demand.
Stocks fell by 6 million barrels last week, the US Energy Information Administration said.
Asian spot liquefied natural gas (LNG) prices were slightly down last week on high storage inventories, continued weak demand and lack of progress on peace talks for Ukraine.
The average LNG price for October delivery into north-east Asia was at $11.40 per million British thermal units (mmBtu), down from $11.65 per mmBtu last week, industry sources estimated.
Analysts expect further downside to Asian LNG prices, as storage levels remain elevated, while the supply picture continues to firm.
Although Japan’s summer heat continues, demand for November heating is lagging.
Meanwhile, China is leaning more heavily on domestic gas and pipeline imports, reducing reliance on spot LNG and South Korea is well-stocked, exerting further downside pressure.
Moreover, some national oil companies (NOCs) in China were re-offering cargoes, while higher stocks limited injection demand, and strong hydro generation in Guangdong weighed on gas generation economics.
In Europe, gas prices steadied on Friday around firmer levels reached in the previous session, as attention turns to upcoming heavy maintenance in Norway and gas storage filling needs before the winter.
LNG imports into the continent remain healthy with expectations for an uptick in procurement of the super-chilled fuel ahead of the heating season.
The futures price at the Dutch TTF hub settled at $11.47 per mmBtu, recording a weekly gain of more than 8%.
Ether’s price has climbed 25% since the beginning of August, but historical data suggests the cryptocurrency could lose steam in September.
Only time will tell if Ether (ETH) plays out differently this year, with billions flowing into spot Ether ETFs and treasury companies.
Crypto trader CryptoGoos said in an X post on Friday, “ETH seasonality in September during post-halving years is typically negative. Will this time be different?”
Ether is trading at $4,759 at the time of publication, up roughly $952 from its Aug. 1 opening price of $3,807, according to CoinMarketCap. The crypto asset crossed new highs above $4,867 on Friday following dovish comments from US Federal Reserve Chair Jerome Powell at the Jackson Hole symposium.
History suggests caution for Ether during September
Powell hinted at a possible interest rate cut next month, which many in the crypto market view as a potential bullish catalyst.
However, history suggests caution for Ether as there have only been three instances since 2016 where Ether posted gains in August, and each was followed by a September decline, according to CoinGlass.
Since September 2016, Ether has delivered an average loss of 6.42%. Source: CoinGlass
In 2017, Ether surged 92.86% in August before dropping 21.65% the next month.
The pattern repeated in 2020, with a 25.32% gain in August followed by a 17.08% pullback in September. In 2021, Ether climbed 35.62% in August before slipping 12.55% in September.
Ether gained in the final three months of 2016 and 2020
Interestingly, even though September saw losses in 2016 and 2020, Ether posted upside in each of the following three months in both years.
However, this September could play out differently from previous years, with spot Ether ETFs and Ether treasury companies present, which were not active during past August rallies.
On Aug. 11, the total Ether held by companies with crypto treasuries surpassed $13 billion in value, as the cryptocurrency’s price surged past $4,300.
Source: Satoshi Stacker
On Saturday, blockchain intelligence firm Arkham reported that BitMine chairman Tom Lee bought another $45 million worth of Ether for the firm, bringing BitMine’s total stack up to $7 billion.
August has been a significant month for spot Ether ETFs
Meanwhile, spot Ether ETFs have seen roughly $2.79 billion net inflows in August alone, while spot Bitcoin (BTC) ETFs posted approximately $1.2 billion in net outflows over the same period, according to Farside.
Related: ETH data and return of investor risk appetite pave path to $5K Ether price
NovaDius Wealth Management president Nate Geraci said in a post on Saturday that there has been a “notable shift” in the inflows between spot Ether ETFs and spot Bitcoin ETFs.
Meanwhile, Bitcoin dominance, which measures its overall market share, has fallen 5.88% over the past 30 days to 58.19%, which many market participants typically attribute to capital rotating into the broader crypto market outside of BTC.
Magazine: ETH ‘god candle,’ $6K next? Coinbase tightens security: Hodler’s Digest, Aug. 17 – 23
