“We’re at a kind of ‘where’s the beef?’ moment for AI, where all the promises need to be delivered this year.” Eric Lynch, managing director at Scharf Investments, recently shared his thoughts on AI winners and losers with Andrew Ross Sorkin on CNBC’s “Squawk Box.” While the IT sector is seeing slower growth than expected, AI is moving the profit and revenue needle at Oracle. “Oracle is really guiding for 50% infrastructure cloud growth going forward, because its use case was really generative AI that it needed for its superior tech stack.”

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https://www.cnbc.com/video/2024/03/15/investors-should-look-for-businesses-where-ai-will-grow-earnings-scharf-investments-eric-lynch.html