Investor managing a $3.2 billion tech fund said he sees long-term opportunities in IoT stocks that are enabling efficiency in supply chains at retailers.
Major technology trends like artificial intelligence dominate headlines. But some niche plays like the Internet of Things offer significant potential despite lower hype, according to tech investor Richard Clode. Clode, fund manager at Janus Henderson Investors, named NXP Semiconductors and Impinj as two IoT stocks he sees as long-term winners. He manages the $3.2 billion Horizon Global Technology Leaders Fund, which is invested in both stocks.
line "The best time to invest in technologies is when they've just gone through that revulsion phase of no one ever wants to talk about that technology and because everyone's been burned," Clode said, pointing to the lull in news on IoT right now after grabbing headlines five or six years ago.
in apparel and is now mandated for all of its suppliers in pretty much every category: 'If you want to supply Walmart, you have to tag every item,'" Clode told CNBC's "Pro Talks," highlighting the proliferation of the technology. "We are seeing a lot of these technologies; they are real, they are proliferating, and they are enabling much more efficiency in these supply chains in these retailers," he added.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Bay Area tech layoffs hit mainly non-tech workers: CBRE reportThe massive tech layoffs that have jolted the Bay Area job market have primarily affected non-tech employees.
Read more »
The US government wants to label secure IoT devices with a 'Cyber Trust Mark' | EngadgetThe US government wants to label secure IoT devices with a 'Cyber Trust Mark'
Read more »
The Biden Administration is tackling smart devices with a new cybersecurity labelLook for the “Cyber Trust” label on IoT devices next year.
Read more »
Stock market news today: Recession fears ease as Big Tech earnings loomUS stocks rally as recession fears ease and investors look to upcoming Big Tech earnings
Read more »
Il Makiage parent Oddity Tech's stock rockets out of the gate in trading debutOddity's stock soared more than 38% out of the gate on Wednesday in its trading debut on Nasdaq.
Read more »
$1M Donation to Glenn Youngkin Linked to Associates of Austin Area Billionaire InvestorThe paper trail for a mysterious one million dollar donation to Spirit of Virginia, the committee affiliated with Virginia Governor Glenn Youngkin, leads to Texas associates of Austin-area billionaire Joe Liemandt. stevancelli and goadgatsby report:
Read more »