The buzz around AI has been palpable on Wall Street with much focus on its performance as tech giants like Nvidia (NVDA) led a rally with massive gains...
The buzz around AI has been palpable on Wall Street with much focus on its performance as tech giants like Nvidia led a rally with massive gains. Although much excitement for the sector still exists, there are are some who are skeptical of its performance. A note from Guggenheim securities detailed data that showed
DiFucci says that though he believes AI will change the world,"that doesn't mean that all tech companies are going to be able to monetize that. It doesn't mean they're going to be able to charge for it. They're going to improve their products with AI technologies and we're going to benefit. We are, all of us, the users, but are they going to be able to charge more for it beyond the uplift they get every year on renewal? I know a lot of them probably won't.
Well, and John, what was so fascinating to me about your recent report on all of this is that of course, a lot of the expectations for that boost in software spending has been tied to A I and you're among the voices that recently including the folks over Goldman Sachs has been sort of questioning the A I narrative, both the timing, the magnitude, even maybe the existence of the huge lift that this sector is gonna get.
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