NEWS & RESOURCES
Please see Harvest Portfolio Management Co-CIO Paul Meeks weekly on his own shows Wall Street Beats and "Tech Tune-Up with Paul Meeks" on Benzinga's YouTube channel.
Meeks’s Musings: It’s Finally Here
According to the CME’s (Chicago Mercantile Exchange) FedWatch tool ( https://www.cmegroup.com/markets/interest-rates/cme-fedwatch-tool.html ), there’s a 74% chance that the US central bank (Federal Reserve, or the Fed) will lower its benchmark interest rate by -0.25% on September 18 and it’s 26% likely that it’ll drop by -0.50%. We can quibble about what’s going to happen in a few weeks, but there’s a 100% probability that rates will begin to fall in less than a month.
Tech Stocks Plummet with Another Potential Drop Possible - Fortune Article Mention
In a recent Fortune article, Paul Meeks, a tech investor and professor at the Baker School of Business at the Citadel, expressed his confusion regarding the perception of increased spending on AI as a negative sign for companies involved in AI
Why Nvidia's Lead is Unshakable, Even with a Blackwell Chip Delay: Paul Meeks Interview on CNBC
There is this report that we've been seeing about the delay in the blackmore chips and what that could potentially mean as an effect for some of those customers like Ameta, Google and Microsoft. How are you watching that story? Is this going to have an impact, do you think?
Paul Meeks from Harvest Asserts that Nvidia Currently Offers One of the Most Cost-Effective Options in the Market - CNBC Interview
Sticking with the tech sell off, could this be an opportunity for investors to buy the dip? Joining us now, harvest portfolio management CIO Paul Meeks. Paul, great to see you with us. Have you with us. I'm going to read your words exactly and be clear that this is what you are saying. I think that this correction will bring one hell of a buying opportunity in select tech stocks. Are we there yet?
AI Capital Expenditure to Play a Key Role in Tech and Chip Earnings - Paul Meeks Yahoo! Finance Interview
So what I'm worried about is, at least not yet, have I seen enough real, what I call needle moving use cases for AI, because what I'm a little bit worried about, not for all companies, some companies, obviously will be huge beneficiaries, but for many companies, I believe AI will be a feature, not a product, not a product platform.
Meeks Musings: Is This the End of the AI Trade?
In case you have been living under a rock, “AI” is artificial intelligence. The bulls think it will lead to the next industrial revolution and that it may even be bigger than the Internet. The bears say, “where’s the beef?” and doubt whether the billions now being spent on AI infrastructure will ever really generate an adequate ROI (return on investment).
Tech Investor Paul Meeks Predicts Ongoing AI Infrastructure Development for the Next Few Years
So what I'm worried about is, at least not yet, have I seen enough real, what I call needle moving use cases for AI, because what I'm a little bit worried about, not for all companies, some companies, obviously will be huge beneficiaries, but for many companies, I believe AI will be a feature, not a product, not a product platform.
AI Hope with Apple, New META Accusations, and More - Tech Tune-Up with Paul Meeks
Here's a company, as you've heard me say before, hasn't grown for about a year and a half. And right now the stock is trading at 228, an all time high, egregiously expensive, priced well over the highest price targets by Wall street analysts. And it's a bet the ranch scenario on when they put AI on board on their iPhone, you will immediately upgrade your phone and we will know, because this is the ultimate test, not just for Apple, but for AI features. We will know at Christmas because they will announce the iPhone 16 with a lot of fanfare, and then they will actually do that in the fall, and then they'll ship at Christmas.
Meeks’s Musings: Is the AI Bubble Bursting (Or Has It Already Burst)?
The jury is in for the first half of 2024 and the market did just fine, actually better than fine given the nastiness here and abroad. The S&P 500 was +14.5 percent through June and the tech-laden NASDAQ Composite was +18.1 percent. It continues to be a tech world and we’re just living in it; and AI (artificial intelligence) is still driving the sector.
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