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JIM COVELLO
Will AI be a bust? A Wall Street skeptic rings the alarmJim Covello, the head of stock research at Goldman Sachs, has become Wall Street's leading AI skeptic. Three months ago, he jolted markets ...- Tech bosses preach patience as they spend and spend on AIIn 2023, Meta's Mark Zuckerberg declared a shift towards AI, significantly increasing tech infrastructure spending. Major tech firms, such ...
- $1 trillion rout hits Nasdaq 100 over AI jitters in worst day since 2022The Nasdaq indexes tumbled more than 3% for the worst days since October 2022. The list of laggards was a who’s-who of AI technology darlin...
- Goldman Sachs puts a $1 trillion question mark over Generative AIA KPMG survey in the US found that executives expect Generative AI to have an enormous impact on business, but most say they are unprepared...
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