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Software Revenue Lags Despite Tech Giants' $292 Billion AI Spend
Monday December 23, 2024. 02:15 PM , from Slashdot
Semiconductor stocks have surged 43% year-to-date on AI expectations, while the software index IGV is up 30%. Microsoft, despite its OpenAI investment, has underperformed the IGV by 19% since ChatGPT's release. Microsoft's AI revenue run rate is 3% of total revenue, according to estimates by investment bank Jefferies. Snowflake expects immaterial AI contribution in fiscal 2025. Salesforce isn't factoring in material contribution from new AI products into FY25 guidance. Adobe's Firefly AI, launched in March 2023, hasn't accelerated revenue. Read more of this story at Slashdot.
https://tech.slashdot.org/story/24/12/23/1314259/software-revenue-lags-despite-tech-giants-292-billi...
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