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Corporate IT spending isn't reflecting the AI boom: Morning Brief Wed, Jun 26, 2024, 12:00 PM GMT+2 3 min read 0 In this article: Advertisement Up next EU keeps flexing its antitrust muscl...

Apple Inc. (AAPL)  More Company Research Source: Acquire Media Monitor
Last apple inc. earnings: 4/30 04:30 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.apple.com
What we're watching What we're reading Economic data releases and earnings Everyone is so gaga for AI these days that whenever I encounter skepticism, it piques my interest. That's why Guggenheim's latest note on IT spending caught my eye. Lead analyst John DiFucci calls for a “new normal” for software companies — a reality in which enterprise budget growth is not going to reaccelerate anytime soon. He based that outlook, in part, on data from tech researcher ETR that shows July IT budget growth expectations are about the same as last year's. What about the AI spending boom? What about Nvidia's parabolic sales increases as companies build up their data center firepower to build their large language models and prepare for the AI age? That hasn't made its way to software, DiFucci argues. That's partly because of cost, and it seems partly because companies haven't yet figured out what AI is useful for. (As I wrote recently, that's the case with consumers as well Corporatio [Read more]
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Stockreport

Corporate IT spending isn't reflecting the AI boom: Morning Brief Wed, Jun 26, 2024, 12:00 PM GMT+2 3 min read 0 In this article: Advertisement Up next EU keeps flexing its antitrust muscl...

Apple Inc.  (AAPL) 
More Company Research Source: Acquire Media Monitor
Last apple inc. earnings: 4/30 04:30 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.apple.com
What we're watching What we're reading Economic data releases and earnings Everyone is so gaga for AI these days that whenever I encounter skepticism, it piques my interest. That's why Guggenheim's latest note on IT spending caught my eye. Lead analyst John DiFucci calls for a “new normal” for software companies — a reality in which enterprise budget growth is not going to reaccelerate anytime soon. He based that outlook, in part, on data from tech researcher ETR that shows July IT budget growth expectations are about the same as last year's. What about the AI spending boom? What about Nvidia's parabolic sales increases as companies build up their data center firepower to build their large language models and prepare for the AI age? That hasn't made its way to software, DiFucci argues. That's partly because of cost, and it seems partly because companies haven't yet figured out what AI is useful for. (As I wrote recently, that's the case with consumers as well Corporatio [Read more]
IMPACT SNAPSHOT
EVENT TIME:
AAPL
Last Price
Price Change
Price Change %
Volume Shares
Max Up
Max Down
Volume Ratio
%
Don't Miss Out On The Next BIG Stock Move
Performance comparison Updated
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
LAST PRICE AT
NEWS EVENT
SINCE EVENT
Multi-day stock performance from the time of the news release
LAST PRICE
VWAP
High:
MAX UP
High:
Low:
MAX DOWN
Low:
%
 POST NEWS RANGE
%
PRICE CHANGE
PRICE CHANGE PERCENTAGE
S&P 500 (SPX)
%
 VOLUME RATIO
%
VOLUME (SHARES)
TICKS
AVG SHARES PER TRADE
EVENT DAY
Event Day Chart will not be displayed beyond 90-day period of the event
PERFORMANCE SINCE EVENT
TIME AND VELOCITY ANALYSIS