UBER Sep 2024 62.000 put
| Previous close | 0.0100 |
| Open | 0.0100 |
| Bid | 0.0000 |
| Ask | 0.0200 |
| Strike | 62.00 |
| Expiry date | 2024-09-06 |
| Day's range | 0.0100 - 0.0100 |
| Contract range | N/A |
| Volume | |
| Open interest | 283 |
- Yahoo Finance Video
Big Tech is dealing with a 'nuanced' consumer slowdown: Analyst
The tech sector (XLK) is under pressure Friday, with the Nasdaq Composite (^IXIC) tumbling 2.5%. Goldman Sachs Senior Equity Research Analyst Eric Sheridan joins Market Domination to discuss his outlook on the digital consumer. Sheridan notes that when it comes to the digital consumer, there isn't a "black and white" answer regarding the health of this segment. While acknowledging that consumer spending is slowing, Sheridan doesn't believe the economy is "hurtling towards any kind of recession in terms of the digital consumer and the digital economy." Regarding AI return on investment, Sheridan observes that cloud computing companies are seeing the most direct returns on AI spend. However, he notes that it will take longer to see returns in the consumer landscape. "Most consumers have the same internet habits today that they had 18-24 months ago around the time that ChatGPT exploded," he states. Sheridan explains that it takes time for consumers to adjust their computing habits. So while enterprises are seeing immediate returns, it is normal for consumer adoption to lag behind. Watch the video above to hear which tech stock Sheridan recommends: Alphabet (GOOG, GOOGL) or Meta (META). For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Angel Smith
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