Latest news with #EricSheridan
Yahoo
5 days ago
- Business
- Yahoo
Analyst Comments on Amazon.com (AMZN) AI Capex: ‘I Would Not Count on a Slowdown'
Eric Sheridan, Goldman Sachs Managing Director, said while talking to CNBC in a latest program that AI capex is not showing signs of slowdown. He mentioned spending guidance of Inc. (NASDAQ:AMZN), among other major tech companies: 'If you go look at across the largest companies, Amazon reiterated their capex guidance, Alphabet reiterated. These were very high growth rates that the market had to absorb in the front half of this year, and Meta actually raised their capex guidance for 2025. So the buildout of AI continues. I would not count on a slowdown in that looking out through the remainder of this year at a minimum.' A customer entering an internet retail store, illustrating the convenience of online shopping. Sands Capital Select Growth Strategy stated the following regarding Inc. (NASDAQ:AMZN) in its Q1 2025 investor letter: ' Inc. (NASDAQ:AMZN) is one of the largest ecommerce retailers and cloud infrastructure providers globally. Amazon reported solid quarterly results, in our view, with stable revenue growth and margin expansion in line with trends seen across the hyperscalers, including Meta. The company's 2025 capital expenditure guidance—exceeding $100 billion—was well above expectations, driven by intensifying investment in AI infrastructure. Notably, the stock ended the quarter trading at its lowest 12-month forward earnings multiple since 2008.' READ NEXT: and . Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
5 days ago
- Business
- Yahoo
Analyst Comments on Amazon.com (AMZN) AI Capex: ‘I Would Not Count on a Slowdown'
Eric Sheridan, Goldman Sachs Managing Director, said while talking to CNBC in a latest program that AI capex is not showing signs of slowdown. He mentioned spending guidance of Inc. (NASDAQ:AMZN), among other major tech companies: 'If you go look at across the largest companies, Amazon reiterated their capex guidance, Alphabet reiterated. These were very high growth rates that the market had to absorb in the front half of this year, and Meta actually raised their capex guidance for 2025. So the buildout of AI continues. I would not count on a slowdown in that looking out through the remainder of this year at a minimum.' A customer entering an internet retail store, illustrating the convenience of online shopping. Sands Capital Select Growth Strategy stated the following regarding Inc. (NASDAQ:AMZN) in its Q1 2025 investor letter: ' Inc. (NASDAQ:AMZN) is one of the largest ecommerce retailers and cloud infrastructure providers globally. Amazon reported solid quarterly results, in our view, with stable revenue growth and margin expansion in line with trends seen across the hyperscalers, including Meta. The company's 2025 capital expenditure guidance—exceeding $100 billion—was well above expectations, driven by intensifying investment in AI infrastructure. Notably, the stock ended the quarter trading at its lowest 12-month forward earnings multiple since 2008.' READ NEXT: and . Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
Yahoo
02-06-2025
- Business
- Yahoo
Goldman: Don't Doubt Alphabet's Core Strengths
Alphabet's (NASDAQ:GOOG) 9% year-to-date pullback belies its enduring search dominance and AI prowess, making it a Buy at current levels, Goldman's Eric Sheridan says. Despite concerns about AI monetization speed, regulatory headwinds and ad?cloud competition, Sheridan argues the market has priced in excessive negativity, paving the way for a rebound as Alphabet executes its long?term strategy. Warning! GuruFocus has detected 3 Warning Sign with MSFT. He highlights that Search and Other revenueprojected to jump from $198 billion in 2024 to $318 billion by 2030remains the core engine, while first?party data and a global data?center network bolster AI integration across YouTube, Maps and Workspace. Sheridan also underscores that Alphabet's cloud division and digital infrastructure offer a solid foundation for future growth, even if near-term ad spending fluctuates. Investors should care because limited downside risk and robust long-term cash flows from search, advertising and AI position GOOGL for sustained upside once short-term fears Alphabet set to report earnings in late July, markets will watch for signs that AI monetization and cloud adoption are accelerating. That said, a glance at the above chart shows that Alphabet has a 12-month price target of $201.56, roughly a 16.61% upside from its current price. The most bullish outlook sees its stock rising to $225, while the most cautious puts the floor at $185. After a weak year, analysts appear mostly optimistic, expecting steady gains as Alphabet navigates ongoing AI and ad market shifts. This article first appeared on GuruFocus.
Yahoo
02-06-2025
- Business
- Yahoo
Goldman: Don't Doubt Alphabet's Core Strengths
Alphabet's (NASDAQ:GOOG) 9% year-to-date pullback belies its enduring search dominance and AI prowess, making it a Buy at current levels, Goldman's Eric Sheridan says. Despite concerns about AI monetization speed, regulatory headwinds and ad?cloud competition, Sheridan argues the market has priced in excessive negativity, paving the way for a rebound as Alphabet executes its long?term strategy. Warning! GuruFocus has detected 3 Warning Sign with MSFT. He highlights that Search and Other revenueprojected to jump from $198 billion in 2024 to $318 billion by 2030remains the core engine, while first?party data and a global data?center network bolster AI integration across YouTube, Maps and Workspace. Sheridan also underscores that Alphabet's cloud division and digital infrastructure offer a solid foundation for future growth, even if near-term ad spending fluctuates. Investors should care because limited downside risk and robust long-term cash flows from search, advertising and AI position GOOGL for sustained upside once short-term fears Alphabet set to report earnings in late July, markets will watch for signs that AI monetization and cloud adoption are accelerating. That said, a glance at the above chart shows that Alphabet has a 12-month price target of $201.56, roughly a 16.61% upside from its current price. The most bullish outlook sees its stock rising to $225, while the most cautious puts the floor at $185. After a weak year, analysts appear mostly optimistic, expecting steady gains as Alphabet navigates ongoing AI and ad market shifts. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
CNBC
29-05-2025
- Business
- CNBC
AI trade remains work in progress, says Goldman Sachs' Eric Sheridan
Eric Sheridan, Goldman Sachs Managing Director, joins 'Closing Bell Overtime' to talk the recent slate of earnings and what takes tech stocks higher.
