Posted 2/12/2024, 10:34:17 AM
US Firms Laser Focused on Cutting Costs to Fund AI Investments While Bracing for Economic Slowdown
- US companies discussing cost control at record rates in earnings calls, per Morgan Stanley analysis
- Firms focused on "operational efficiency" to fund investments in AI and future technologies
- Industries most focused on efficiency/AI include software, professional services, healthcare, financial services
- Companies cutting costs to protect margins amid hopes for soft economic landing
- AI spending fueling growth for companies like Arm Holdings, Palantir Technologies, Nvidia