Neuberger Berman's Dan Flax reveals his top tech stock picks

CAN INO E VAT, INVEST, AND ULTIMATELY DRIVE GOOD GROWTH IF WE LOOK AT ALL FA BET OR GOOGLE, THEY'RE GENERATING AI IN IT AMAZON IS NATION CYCLICAL CHANGES. I'LL ALSO HIGHLIGHT APPLE, WHICH IS EXECUTING WELL ON ITS PRODUCT CYCLES I DO PHASE CHOPPY DEMAND IN SOME OF THE MARKETS, AND I THINK THAT REMAINS A CHALLENGE, BUT I THINK THE BIGGER STORY IS REALLY THEM POWERMENT TO

THE DEVELOPERS AND THE BROADER ECOSYSTEM WHICH REMAINS VIBRANT. >> YOU TALK ABOUT ALL OF THESE GREAT THINGS THAT ARE OUT THERE, BUT LET'S JUST KEEP THE APPLE CHART UP THERE FOR A MINUTE. YOU LOOK AT THE RUN FROM JANUARY THROUGH JUNE HOW MUCH OF THAT HAS ALREADY BEEN BAKED IN, DAN, AND WHAT MAKES YOU THINK THERE'S EVEN MORE POTENTIAL >> I THINK IN RECENT MONTHS, BECKY,

THE MARKET'S GOTTEN INCREASINGLY COMFORTABLE THAT APPLE'S ABLE TO DRIVETHIS ROCK MARKET FOR EXAMPLE YOU HAVE SERVICES, WEARABLES, iPAD MACK, AND THE NAN CHIES IS DURABLE IT'S NOT THAT THEY'RE FACING -- IT'S NOT THAT THEY'RE IMMUNE FROM THE CHALLENGES, BUT THEY'RE CONTINUING TO EXECUTE. WE SAW THE DIVISION GROW, BUT THAT'S GOING TO BE SMALL IN THE NEXT FEW YEARS I THINK WHAT THE MARKET WILL CARE ABOUT

IS GROWTH IS LIKELY TO IMPROVE DRIVEN BY THEIR PRODUCT CYCLES THE SERVICES BUSINESS, AGAIN, CONTINUES TO PROVIDE A LEVEL OF VISIBILITY AND GROSS MARGIN SUPPORT. >> OKAY. SO OF ALL THE STOCKS THAT HAVE SEEN THE RUNS, DO YOU THINK ANY OF THE TECH STOCKS HAVE HAD THEIR RUN? DO YOU THINK ANY OF THEM ARE GETTING RICHLY PRICED? >> FROM A VALUATION STANDPOINT, I THINK MANY OF

THEM ARE QUITE REASONABLE IT'S NOT BECAUSE THE NEAR TERM IS EASY, PER SE. IT SEES IN THE CASE OF ALPHABET AND AMAZON THAT THERE'S SIGNIFICANT CASH FLOW AND THE MARKET WILL CONTINUE TO TRY TO LOOK AHEAD TO THAT YOU, OF COURSE V TECHNOLOGY TRANSITIONS UNDERWAY META'S DONE A GOOD JOB SHIFTING TO REELS SO ALL OF THESE COMPANIES NEED TO EXECUTE, BUT THEY'RE CONTINUING TO INNOVATE AND

BET, AND THAT'S GOING TO HELP THEM GROIX IN MY VIEW. >> NVIDIA IS ONE OF THE STOCKS YOU LIKE THIS MORNING IT'S OFF BY ABOUT 4% LAST TIME WE CHECKED. JUST ON REPORTS THAT THE BIDEN ADMINISTRATION IS ACTUALLY CONSIDERING SOME NEW CURBS ON THE CHIPS THEY WILL ALLOW FOR SALE TO CHINA, DOES THAT CONCERN YOU? >> I THINK IT'S A NEAR TERM RISK WE CONTINUE TO

LIKE NVIDIA EVEN WITH THE HEADLINES OVERNIGHT I THINK WHAT WE'VE SEEN FROM THIS COMPANY IS IF THEY'RE ABLE TO DRIVE A LEVEL OF INNOVATION IN THEIR CHIPS AND SOFTWARE AND IN HEALTH CARE WITH DRUG DISCOVERY OR FRAUD DETECTION WITH FINANCIAL SERVICES, THAT ADDS VALUE FOR THE VERY NEAR TERM, I THINK DEMAND EXCEEDS SUPPLY AND THEY'LL BE ABLE TO NAVIGATE SOME OF THOSE CHALLENGES. WHAT WE'VE SEEN

FROM NVIDIA AND OTHERS IN THE LAST SEVERAL YEARS WITH ONGOING TENSION IS THAT THEY'RE ABLE TO DELIVER CHIPS THAT ARE ALLOWED OR ABLE TO BE LICENSED FOR A GIVEN MARKET. I THINK WE'LL CONTINUE TO SEE THAT EVOLVE IN CHINA WHEN I STEP BACK AND THINK ABOUT THE GROWTH PROSPECTS FOR NVIDIA, THE DATA CENTER, GAMING, I THINK IT REMAINS ROBUST. AND, SO, YES, THERE IS NEAR TERM

RISK, BUT I CONTINUE TO LIKE THE NAME HERE. >> DAN, WE'VE HAD GREG BROWN, THE CEO OF MOTOROLA SOLUTIONS ON THE SHOW IT'S NOT A NAME THAT'S FREQUENTLY MENTIONED, BUT WHY IS IT ON YOUR LIST? >> THEY HAVE TRANSFORMED MOTOROLA SOLUTIONS IN THE LAST DECADE THAT HAVE A CORE PROVISION. IF WE THINK ABOUT THE NEXT SEVERAL YEARS, THEY'VE BEEN INVESTING IN AREAS LIKE VIDEO AND ANALYTICS,

COMMAND CENTER SOFTWARE, AND SO THAT'S RESULTING IN HIGHER GROWTH FOR THE COMPANY AND CONTINUED MARGIN EXPANSION. AND SO WE SEE THE AREA OF PUBLIC SAFETY AS A KEY PART OF OUR BROADER SOCIETY AND THAT IS GOING TO GET TRANSFORMED IN THE DECADE AHEAD, AND SO MOTOROLA IS A LEADER THERE I THINK GREG BROWN HAS BEEN AN EXCEPTIONAL CEO. I THINK HE'S CONTINUED TO NURTURE A LOT

OF TALENT, AND THEY REMAIN VERY, VERY IMPORTANT TO THEIR CUSTOMERS AS THOSE MEN AND WOMEN HELP KEEP ALL OF US IN THE COMMUNITY SAFE WE CONTINUE TO LIKE MOTOROLA SOLUTIONS. >> INTERNET OF THINGS. WE USED TO TALK ABOUT THAT ALL THE TIME WE DON'T TALK ABOUT IT MUCH ANYMORE. YOU LIST QUALCOMM. >> IT HAS A LOT OF INTELLECTUAL PROPERTY IN KEY AREAS LIKE MOBILE PART OF

IT IS DRIVEN IN THEIR LOW POWERED SOLUTION, SECURITY, AUTOMATIC, ARTIFICIAL INTELLIGENCE PROCESSING AT THE EDGE SO THIS IDEA OF INFUSING INTELLIGENCE AND ACTIVITY INTO FACTORIES, INTO CARS, INTO AGRICULTURAL ENVIRONMENTS, RETAIL ENVIRONMENTS, ALL OF THAT INTELLIGENCE IS GETTING HARNESSED AND ABLE -- THE MEN AND WOMEN. QUALCOMM IS AT THE HEART OF IT IT'S WHAT'S ENABLED THEM TO BUILD A $30 BILLION DESIGN WINDPIPE IN AUTOMOBILES, FOR EXAM

EL. SO WE SEE THE GROWTH OPPORTUNITIES IN THE INTERNET OF THINGS, AUTOMOBILES, ALSO CONTENT GAINS IN THE SMARTPHONE MARKET WHI