Posted on Wednesday, November 08 2017 @ 11:38 CET by Thomas De Maesschalck
Speaking at the Web Summit technology conference in Lisbon, Portugal, Intel CEO Brian Krzanich said he doesn't believe that the impressive rally of technology stocks over the last year was caused by government, politics, or president Trump. Krzanich
said it's all about profit and revenue growth instead:
"I don't believe, especially when you look at the technology stocks, people look at government or politics as to how they value us," Intel CEO Brian Krzanich told CNBC Tuesday.
Speaking at the Web Summit technology conference in Lisbon, Portugal, Krzanich said investors were more likely to focus on profit and revenue growth instead.
And while Intel's CEO insisted he was a technologist — and not an economist — he said products, growth and the amount of innovation within the sector would continue to support technology stocks "more than anything in politics."
Since November 4, 2016, the NASDAQ index has rallied 30.4 percent, while the S&P500 is up 21.83 percent.
