Goldman Sachs launched an 'AI-resilient' thematic investment portfolio: going long on computing power and cybersecurity, while shorting substitutable software stocks.

Goldman Sachs has launched a new long-short portfolio of software stocks, going long on companies whose businesses are difficult to replace with artificial intelligence or that directly benefit from the growth in AI demand, while shorting software firms that may be automated or substituted by internal corporate solutions. Following the introduction of AI tools for legal and tax purposes by companies such as Anthropic, there has been a significant decline in related software stocks, intensifying market concerns about the impact of generative AI on business models.

wallstreetcn04:53

CrowdStrike Shares Rise After HSBC Upgrade

MT Newswires03:52

Is There Now An Opportunity In CrowdStrike Holdings, Inc. (NASDAQ:CRWD)?

Simply Wall St02:50

We're Looking for Things to Buy, and May 'Nibble' on This Beaten Down Stock

CNBC01:21

Anthropic Accelerates IPO Process: Brings in Capital Veterans, Aiming for Listing as Early as This Year

In preparation for its IPO, Anthropic has brought in Chris Liddell, a seasoned capital markets expert who previously led the initial public offering of General Motors. With a political background from his tenure in the Trump administration, Liddell aims to strengthen governance to address regulatory challenges. The company has just completed a $30 billion financing round, reaching a valuation of $380 billion, with lead investors including GIC and Coatue. Liddell will join the board alongside Reed Hastings, co-founder of Netflix, to pave the way for an IPO potentially taking place by the end of the year.

wallstreetcn00:24

Pinterest Downgraded, Airbnb Upgraded: Wall Street's Top Analyst Calls

Yahoo FinanceFeb 13 22:49