The Federal Reserve is preparing for its first interest rate cut, which could impact the tech sector. On one hand, lower rates can lead to higher valuations for tech stocks. On the other, the rate cut signals concerns about a potential recession.
Is Nvidia Still a Top AI Investment?: Paul Meeks on Yahoo! Finance Opening Bid
In Opening Bid, Yahoo Finance Executive Editor Brian Sozzi sat down with Paul Meeks, CIO and Partner at Harvest Portfolio Management, to discuss Nvidia's anticipated earnings report and its future prospects. The conversation also touched on alternative tech investments like Super Micro Computer (SMCI) and whether Elon Musk's focus on humanoid robots might be diverting attention from Tesla's (TSLA) electric vehicle challenges.
AI Capital Expenditure to Play a Key Role in Tech and Chip Earnings - Paul Meeks Yahoo! Finance Interview
So what I'm worried about is, at least not yet, have I seen enough real, what I call needle moving use cases for AI, because what I'm a little bit worried about, not for all companies, some companies, obviously will be huge beneficiaries, but for many companies, I believe AI will be a feature, not a product, not a product platform.