Reported about 1 month ago
At the Goldman Sachs 2024 Communication and Technology Conference, analyst Kash Rangan identified three critical elements impacting software companies: interest rates, the upcoming election, and the role of generative AI. He anticipates a likely Federal Reserve rate cut of 25 basis points, which will ease capital costs for businesses. Rangan emphasizes that post-election, reduced uncertainty will enable companies to advance stalled projects, and he remains optimistic about the long-term potential of generative AI despite current limitations.
Source: YAHOO