Joining us now is Eric Sheridan, Goldman Sachs co-leader of the technology media and telecom group. Eric, arguably great news this week on ads from Meta and even Reddit. Great news on cloud and AI demand from Microsoft too.So I mean the we're kind of ending on a downer, but is the message overall encouraging or no. The message is overall encouraging. The digital economy is accelerating against a lot of fears about what the economy looks like in the back part of the year.Uh the spend levels around AI continu ...

Group 1 - Texas Instruments Incorporated (NASDAQ: TXN) was rated as a Hold in the previous quarter due to concerns about the durability of recovery in analog demand despite signs of improvement in Q1 results [1] - The analyst has a background in Mechanical Engineering and has transitioned from the oil and gas sector to focus on global equities, particularly in the semiconductor industry [1] - The investment approach emphasizes growth at a reasonable price with a mid- to long-term investment horizon, focusing on companies in oligopolistic sectors with high barriers to entry [1] Group 2 - The analyst has no current stock or derivative positions in any mentioned companies and does not plan to initiate any positions within the next 72 hours [1]

Group 1 - The current stock market environment emphasizes the importance of selective stock-picking, with a focus on reallocating investments towards cash/bonds, international stocks, and "growth at a reasonable price" companies [1] Group 2 - Gary Alexander has extensive experience in the technology sector, having worked on Wall Street and in Silicon Valley, and has been advising seed-round startups, which provides him with insights into current industry trends [2]

Core Insights - The S&P 500 is reaching new highs despite significant macroeconomic and geopolitical risks, indicating a potential shift in investor focus towards value stocks, particularly "growth at a reasonable price" stocks for the remainder of 2025 [1] Group 1 - Investors are encouraged to rotate portfolios into value names as a key priority moving forward [1] - The experience of industry experts, such as Gary Alexander, highlights the importance of understanding current market themes and trends [1]

Group 1 - The article emphasizes a focus on active stock picking, particularly favoring "growth at a reasonable price" stocks that exhibit resilience against macroeconomic pullbacks [1] - The number of such resilient stocks is decreasing, indicating a challenging environment for investors seeking these opportunities [1] - The author has extensive experience in the technology sector, having worked on Wall Street and in Silicon Valley, which informs their perspective on current industry trends [1] Group 2 - The author has been a contributor to Seeking Alpha since 2017 and has been quoted in various web publications, indicating a recognized presence in the investment community [1] - The article highlights the author's role as an adviser to seed-round startups, suggesting a connection to emerging trends and innovations within the technology industry [1]

Group 1 - The stock market is experiencing a surge due to optimism surrounding a potential U.S.-China trade deal, prompting a shift in investment focus towards value and "growth at a reasonable price" strategies [1] - Valuation multiples for many large-cap companies appear to be stretched, indicating a potential overvaluation in the market [1] - The analyst has extensive experience in covering technology companies and has been involved with startups, providing insights into current industry trends [1] Group 2 - The analyst has been a contributor to Seeking Alpha since 2017 and has been featured in various web publications, indicating a recognized presence in the investment community [1]

Group 1 - Nvidia Corporation (NASDAQ: NVDA) has been covered since April 1st, coinciding with a significant market event referred to as "liberation day" [1] - The investment thesis for Nvidia remains strong despite a brief price correction, indicating confidence in the company's growth potential [1] - The analyst has a background in mechanical engineering and has shifted focus to the semiconductor sector, emphasizing a keen interest in disruptive technologies [1] Group 2 - The investment strategy focuses on companies within oligopolistic sectors that have high barriers to entry, suggesting a preference for stability and reduced competition [1] - There is a tendency to avoid smaller companies due to perceived underestimated risks, highlighting a cautious approach to investment [1] - The investment philosophy prioritizes growth at a reasonable price with a mid- to long-term investment horizon, indicating a strategic outlook on market trends [1]

Market Sentiment - The stock markets are currently at all-time highs, leading to hesitance in investing new capital into equities at this time [1] - There is a preference for "growth at a reasonable price" stocks that have independent catalysts to outperform the broader market [1] Analyst Background - Gary Alexander has extensive experience covering technology companies on Wall Street and working in Silicon Valley, as well as advising seed-round startups [1] - He has been a contributor on Seeking Alpha since 2017 and has been quoted in various web publications [1] Investment Position - The analyst holds a beneficial long position in the shares of URBN through stock ownership, options, or other derivatives [2]