The global investment bank believes that the ER&D spending slowdown seen over the last six months is structural and not cyclical. Channel checks suggest that there is no urgency amongst enterprises to spend on these areas. Reopening (post-Covid) requires less need for spending on connected and smart products.
US stocks: S&P, Nasdaq end over 1% higher as AI-fueled optimism weighs
CoreWeave reported strong earnings, easing investor concerns about spending on AI infrastructure and boosting stock prices. Both the S&P 500 and Nasdaq witnessed gains following