While the tech sector’s surge so far in 2023 has been built on multiple expansion rather than higher earnings, Ives thinks that is about to change. “We believe further evidence of this generational AI spending trend will be sprinkled in the forecasts/commentary from other tech software/chip makers during this key 2Q earnings season and be a catalyst for a broader tech rally ahead,” he explained.
In an hour-long discussion on Twitter Spaces Wednesday night, Twitter owner and Tesla and SpaceX CEO Elon Musk reflected on the motivation behind his newest artificial intelligence venture and why he’s generally optimistic about the technology. He also described why he thinks China might be open to being part of an international framework on the technology.
Most of the growth in Europe’s robotics sector has come in the last three years, as it’s moved from a niche sector to one attracting generalist VC interest. –But who could the next stars of the robotics tech scene be? To find out, Sifted asked investors from Kineo Finance, Breega, NGP Capital and Picus Capital. There was only one rule: they couldn’t nominate portfolio companies.
Analysts are cautiously optimistic as second-quarter reporting season rolls out amid this year’s rally in U.S. stocks fueled by optimism over artificial intelligence (AI) and a resilient U.S. economy. Strategists expect profit at S&P 500 (.SPX) companies to have dropped 6.4% in the second quarter from a year earlier, according to Refinitiv data.
Investor Paul Meeks: C3.ai Is A Top AI Pick for Acquisition – CNBC LINK
AI Is Loving These Energy Stocks In July – Investor Place LINK
U.S. Companies Are On A Hiring Spree For A.I. Jobs – CNBC LINK
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