Hints and tips:
...At this early stage in the AI bonanza, the forecasts amount to little more than stabs in the dark as to the market’s ultimate size, according to Jim Tierney, a growth stock investor at AllianceBernstein....
...Such estimates are the kind of stabs in the dark that people usually make when a new technology is taking off, according to Tierney....
...“The belt-tightening that happened in late 2022 and early 2023 was a moment in time,” said Jim Tierney, a growth stock investor at AllianceBernstein....
...“Trees don’t grow to the sky,” says Jim Tierney, a growth investor at AllianceBernstein, summing up the mood on Wall Street....
...“The big tech companies are incredibly resilient, far better than predicted,” said Jim Tierney, head of US growth investments at AllianceBernstein....
...Much of the unhappiness has stemmed from Meta’s failure to give any timetable for when the spending binge might pay off, said Tierney....
...Additional reporting by Richard Waters in San Francisco...
...The volatile share prices reflect just how on edge the market is over risk of China supply chain shock and Russia’s invasion of Ukraine, said Jim Tierney, chief investment officer for US growth at AllianceBernstein...
...The Meta setback was a warning sign that the potential markets for some tech products and services may not be as big as investors had come to believe, said Tierney....
...richard.waters@ft.com...
...The figures were “absolutely stunning”, said Jim Tierney, a portfolio manager at AllianceBernstein, adding that “digital advertising is just on fire”, as advertisers race to follow audiences who have turned...
...The rates of expansion were astounding given the huge sales the companies were already generating from their core businesses, Tierney said....
...An end to the strong secular growth trends that have lifted Big Tech could loom before too many years, said Tierney....
...The Nasdaq volatility index suggests the market is wary of the big jump in tech stocks, Mr Tierney said....
...“It’s very much about price-to-earnings multiple expansion rather than earnings growth,” said Mr Tierney....
...“If a company has a hot product or service, unfortunately, there will probably be enough people willing to look the other way on governance policies,” said Jim Tierney, a fund manager at AllianceBernstein...
...The withdrawal of estimates is encouraging analysts to think for themselves, “rather than being spoon fed by these companies”, said Jim Tierney, chief investment officer for AllianceBernstein’s concentrated...
...“We’ve all been around markets for enough time to know this doesn’t end well,” said Jim Tierney of AllianceBernstein....
...“Companies got scared,” said Jim Tierney, chief investment officer for AllianceBernstein’s US growth equities fund....
...Investors should pay special attention to inflationary trends, said Jim Tierney, chief investment officer of AllianceBernstein’s concentrated US growth equities fund....
...“It’s a reminder we still need active investors and they still make money for us,” said Ms Tierney....
...Jim Tierney, chief investment officer for AllianceBernstein’s concentrated growth equities fund, said investors might be incorrectly expecting a US recession....
...richard.henderson@ft.com...
...Abigail Cruttenden plays all the older women, Nina Cassells the younger women, while Michael Gould and Colin Tierney take on the multiple men buzzing around the queen....
...In a statement, Thomas Tierney, chairman, said Mr Wenig had been “a tireless advocate for driving improvement in the business, particularly in leading the company forward after the PayPal spin-off”....
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