SaaS Earnings Season | Shares of the Most Software Giants Plunge!
In the tumultuous week of US stocks, tech stocks, especially SaaS software stocks, suffered an unprecedented crash. Software leaders like $Salesforce.com(CRM)$$Workday(WDAY)$$UiPath(PATH)$ saw their share prices drop over 20% after releasing earnings reports and warning customers to be cautious about long-term software orders.Even though most software companies didn't directly blame AI for their slower growth prospects, AI undoubtedly played a role.The AI boom has two-sided effects on software companies:On one hand, with AI seen as the ultimate force in future technology development, software companies have to step up their transformation efforts to avoid fallin
May I add my 2 cent worth? Apple seems a bit lost about its core business and business strategies. Can Apple be all over the places from smart car, mobile phone, generative AI, consumer wearables and what not without the above business sense and twchnological prowess of the Steve Job's era? Steve Job might be able to help alleviate the solution but not completely if he was still around. His techological brilliance and smart approach may help in some areas such as telecommunications and mobile phone related projects but not all definitely including the strapped smart car. The smart car never took off likely due to the fast evolving paces of industry which Apple couldn't manage to obtain an advantage from it's late to start strategy that's wisely use in the various generations of
How can Tesla benefit from the AI boom? Do you remember Dojo?
Nvidia is one of the top AI hardware companies in the world. Even if Nvidia stops its R&D, a few years may not be enough for other players to catch up. Jensen Huang, co-founder and chief executive officer of Nvidia Corp., speaks during the Hon Hai Tech Day in Taipei on October 18, 2023. (Photo by I-Hwa Cheng / AFP) (Photo by I-HWA CHENG/AFP via Getty Images) From a recent Yahoo article: Nvidia's rivals are circling, but they're still years from catching up“Software continues to be Nvidia's strategic moat,” explained Gartner VP analyst Chirag Dekate. “These ... turnkey experiences enable Nvidia to be at the forefront of mindshare, as well as adoption.”Nvidia’s lead didn’t happen overnight. It’s been working on AI products for years, even as investors questioned the move.“Nvidia, to its
Tech Titans Microsoft & Google Battle for AI Supremacy in India's Talent Pool
Details: $Microsoft(MSFT)$ CEO Satya Nadella and $Alphabet(GOOGL)$ 's Chief Scientist Jeff Dean set to woo India's 5+ million programmers. Nadella to speak in Bangalore and Mumbai about opportunities in AI, while Dean focuses on AI's societal impact in Bangalore. India, with its vast pool of programmers, is key to adopting and shaping future AI technologies globally. Nvidia CEO highlighted India's potential as a major exporter of AI expertise. Infosys Chairman Nandan Nilekani emphasizes the pivotal role of Indian developers in the AI transition. Both Nadella and Google CEO Sundar Pichai have Indian roots, adding personal stakes in the AI push. Microsoft aims to train 100,000 developers in
There is a mix of sentiment regarding Adobe's stock today. While there are some concerns about potential fines from the FTC due to cancellation practices, there are also analysts who remain optimistic about the company's prospects Overall, the sentiment seems to be mixed, with some concerns and cautiousness but also optimism about Adobe's potential 🤔🤔