Reported about 1 month ago
Goldman Sachs managing director Kash Rangan discusses the implications of Federal Reserve rate cuts for Big Tech during the Goldman Sachs 2024 Communacopia & Technology Conference. He highlights that an anticipated 25-basis-point cut is expected to lower the cost of capital for businesses, aiding their growth. Rangan emphasizes the need for innovation alongside economic recovery and points out that post-2024 election policies could reduce uncertainty for companies, encouraging them to advance stalled projects. Additionally, he expresses optimism about generative AI as a crucial long-term theme for the tech industry.
Source: YAHOO