How many technology-related companies have announced that they will roll out AI products and services in the near future?
Based on Q1 2023 earnings calls and daily market commentary, I would wager that they all have.
How many technology-related companies have received funding during the economic cycle which ended in January 2022?
As discussed in “Technology outlook for 2023,“ the answer is a lot. In fact, by some estimates, the private markets alone continue to house more than 1,200 “unicorns,” or companies valued at over $1 billion each. They are heavily skewed toward technology-related companies and alone account for over $1.2 trillion of perceived market value.
From the perspective of an investor allocating capital with a view to the future, what are the odds of sustainable success in such a crowded and intensely competitive marketplace?
NOV
I open this discussion of NOV Inc. (NYSE:NOV) with the above questions as they illuminate the essence of the NOV investment case into 2030 and beyond. For those that are unfamiliar with the company, NOV is an industry leader in providing equipment, services, and technology to the global energy sector since its founding in 1862.
NOV primarily serves the hydrocarbon energy market though it is increasingly leveraging its strengths to target new growth opportunities resulting from the global energy transition.
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