AI boom fading? Why IT spending data may not be adding up
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- čas přidán 7. 09. 2024
- 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. 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 data from tech researcher ETR that shows July IT budget growth expectations are about the same as last year’s.
Guggenheim senior research analyst John DiFucci joins Market Domination to discuss his note on the state of IT spending and how it affects the AI sector.
DiFucci comments on his report, speaking over the narrative of AI: "There's been some conjecture out there that AI is the reason why IT spending isn't as robust as people would hope it would be, I don't think that's the case at all. There is spending on AI."
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."
#stocks #
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The AI hype cycle is ridiculous. There is no killer app yet and small problems are not being solved. All we have are dysfunctional chat bots.
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It’s fine, all the NVDA shareholding employees who cashed out already set for life!
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AI is fading is partially true. Here’s why. I work on AI model development at one of the FAANG companies. What’s happening is, big companies like mine have no creativity and is having hard time building something compelling. At the same time, venture money is so hard to get, small startups can’t really grow. Even engineers like me avoid leaving my safe FAANG job and starting/joining a startup because of the economy
that makes sense.
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What do you think sets XAI apart from other projects? It seems to be dominating discussions lately
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This is good project from Elon Musk
very promising
I am counting on XAI. It will be on the TOP 5
Remember when people start buying iphone after first launch? 2-3 generation later and so called expert expect consumer adopt brand new technology in less than 2 year?
From 2010 to 2024 NVIDIA stock rose 34,000 %, you are all 14 years too late !
Ignore the random indian bots in comments trying to get you to buy crypto
Oracle? who has tons of competition like Dell, Supermicro, IBM....
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I'm currently cycling out of NVDA and big tech, into BTC and MSTR. Bitcoin doubling effect is gonna be nice!
I recently read an article about a man who identified AI stocks before the AI boom, highlighting the importance of information and insight. I believe AI is poised to enter a new phase, and I aim to position my $200k investment portfolio to capitalize on significant gains.
When has the AI boom not been fading?
Big Boom.
Epic Bust.
Ai has always been overhyped because people like fantasy.
If AI adds value to companies, they should have stock appreciation than NVDA. Yet, none of these companies are in that position. AI is not adding value.
Did JPMORGAN do the account??? (No wonder!)
Everything is AI. my soda can has AI.
In 5 years, a humanoid robot powered by ChatGPT could bring a soda can from refrigerator to you
@@ryangreen45 why not in 6 months ;)
Is the stock called octo?
I think CrowdStrike was using AI.
Their AI is Actually Indian.
It's like the blog farms. One source with millions of skins on top to make AI appear bigger than it is. Just layering GUIs on top of openAI.
Just warming up 💚🖤📈🇺🇸
I am proposing a theory that what we are going to need is a repurposed human population that does not need sophisticated infrastructure to build an expansion of an existing industry to an industry that both gains product and a mechanism to gain product based on every human interaction if the humans are willing to give the privacy of those interactions to a third party to brooker for them and in return exchange a currency reimbursement.
Data is the new gold and high quality data production is something humans can all collaborate with the production of and can be implemented as an industry for the whole human population with very little structural cost outlay to provide the civilisation wide uptake as a mechanism for data, currency creation and that benefits from the highest volume of population to gain the highest viability of result.
So in short.
We can work both in typical human roles and also in data creation and be rewarded for that data that is to be sold. This should also reduce nihilistic tendencies and create greater meaning and friendly interactions within a society.
AI companies get money selling shares, they don't even have revenue coz they got no customers. So you but shares on am imaginary promise of god knows what. Even if they succeed in making something work, then so can a competing company. There's nothing new with this ai, just that hardware has improved so much that more can be done anyway. As well there is a lot more data can be downloaded than 20years ago .
Ai and other techs are a fad until it solves basic life probelms❤❤🎉🎉
Remember Crowd Strikes AI called Charolette is in their software. Good job there CRWD.
That wouldn't dereference a null pointer in the channel files though
Nope, the AI phenomenon is building. You're just not paying close enough attention.
He Said Cloud Vendors With A Lot Of Data and A Lot Of Compute Will Benefit. Now He Named One Company But Who Are The Others ❓I have an idea but want to start the conversation
Where's the bubble burst we've been promised? My popcorns are ready
It has only been 1 year 8 months since ChatGPT launched in Nov 30, 2022. If the Internet bubble started with the launch of Netscape's browser Oct 13 1994 and lasted until the Dotcom crash in March 2000, then we might still have another 4 years before the AI bubble pops. Your popcorn is going to be very stale by then.
NVDA, MSFT and AAPL should all be $4 Trillion companies within 1-2 years (30% higher). NVDA could hit $200/sh before this bubble pops, giving it a $4.9T market cap.
It's requires a convenient event for shareholders to rugpull like an election.
It is time to undoing Sathya Nadella lies, Speculating AI myth to Self-serving one billion dollars raise a day, increasing cost of living on the planet and that is going rogue by Logitech CEO Hanneke Faber inventing monthly fees on top of buying Logitech products, without knowing the troubles faced by Adobe's overpriced monthly fee for Adobe products and services that will not be needed anymore with competitive alternative products satisfying customer needs, like that of the history of SONY's video format Betamax got beaten off the market by affordable VHS format 😀
Fading? What pathetic reporting.
All these news shows want instant gratification it seems.
AI, digital currency, electric vehicles and many other modern technology take time to develop and be implemented.
@@damonkatos4271 all tech bro nonsense.
@@Jordan-Ramses I’m a “tech bro” and I agree. I work on AI model development at one of the FAANG companies. What’s happening is, big companies like mine have no creativity and is having hard time building something compelling. At the same time, venture money is so hard to get, small startups can’t really grow. Even engineers like me avoid leaving my safe FAANG job and starting/joining my startup because of the economy
@Wack373 well, I think AI is cool. I'm glad other people are investing in it. But I wouldn't use my money. It's probably all going to zero :)
Bitcoin and electric vehicles are just bad for everyone.
@@Jordan-Ramses not electric vehicles. What makes you say that?
@@Wack373 electric vehicles might be fine. But putting a huge heavy battery inside the vehicle is ridiculous.
Ai is just beginning
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A.I. is a fad.
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Ai boom?delusional
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