The software analysts have been desperate for some company to offer up a thing they could point to that says that packaged software will survive and maybe even thrive in the AI future. The Snowflake “Cortex Code,” dubbed CoCo, has handed the bulls what they wanted. It is being
@tiernanraytech
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Agentic AI Production Adoption Slower Than Tech Hype Suggests
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There are not a lot of signs of agentic AI ramping into production at normal companies so far. There is a lot of boosterism from tech companies about agentic AI. Without trillions spent on agents by enterprises, the whole thing could come crashing down… Kudos to Tavis McCourt
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AI Stocks P/E Multiples Analyzed in Roaring AI Market
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Every week I look at how some of the best stocks have increased or decreased in value. Within a roaring market for AI, it’s important to keep an eye on stock valuations. Most TL20 names elevated, some discounted Most stocks in the TL20 have seen their P/E multiple and their
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Can $2 Trillion in AI Orders Justify $1 Trillion Spending?
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Will $2 trillion in AI orders really pay for $1 trillion in spending? If the $2 trillion backlog of orders actually materializes, then all this AI spending could be good idea. But you have to wonder about the enormous amounts pledged and the finances of the parties insisting
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Token Economy Hidden Costs Threaten Enterprise Agentic AI Deployments
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The token economy is turning out to have huge hidden costs. Some of the agentic stuff doesn’t even reach completion on a task as it burns through tokens. This will cause despair for a lot of enterprises implementing agentic AI. As always, there should be some good money to be
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AI Chips in the Cloud Displacing x86 Dominance
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I predicted in a Barron’s article back in 2015 that the semiconductor renaissance would lead to lots of AI chips running in the cloud that would dispense with the dominance of x86. That is coming more finely into focus with the proliferation of Google’s TPU and Amazon AWS’s
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Big Tech Semiconductor Strategy: Google and Amazon Lead the Race
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With a semiconductor renaissance spanning years, winners and losers are in some sense defined by how they apportion their resources for that years-long battle. Google and Amazon have been more astute about that than Meta and Microsoft. So, who’s the belle of the ball and who’s
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Tech Earnings and AI Data Center Challenges This Week
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This morning’s chat with Marley Kayden of Schwab Network was an engaging and thoughtful look at some of the things going on this week with tech earnings reports. There are enough issues facing AI data centers to create for uncertainty about the kinds of investment that Alphabet,
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OpenAI IPO Reality Check: CFO Friar Faces Shareholder Scrutiny
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OpenAI’s CFO, Sarah Friar, is a former sell-side stock analyst. She knows all too well what happens once a company has to report every ninety days and answer to shareholders. The IPO will be a real reality check on what have been very large intentions to spend by the company.
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Celestica, Cadence, Rambus hit by high expectations
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It’s not the end of the world for companies such as Celestica. Tuesday’s sell-off, against a weak tape, is largely a product of terrific gains year to date and profit taking. Celestica, Cadence, Rambus hit by high expectations, high prices Heightened expectations and big stock