Companies Double Down on AI in June-Quarter Analyst Calls

It's a high bar, but companies reporting second-quarter earnings in recent weeks have talked up artificial intelligence even more than in the previous quarter. From a report: S&P 500 companies that led in discussion of AI during quarterly conference calls with analysts earlier this year have outdone themselves in their latest quarterly calls. Following Intel's report late on Thursday, executives and analysts on its call mentioned AI 58 times, up from 15 mentions in its previous call in April.

Intel so far has missed out on the boom in components for AI computing, and sales in its data center and AI business fell 15% in the second quarter. Intel is now rushing to catch up with Nvidia and other rivals whose chips enable the technology behind ChatGPT. A 6.6% surge in Intel's shares on Friday following its report was due to optimism about a recovery in weak demand for personal computers.

Participants on Alphabet's analyst call on Tuesday mentioned AI 62 times, up from 52 times three months ago. The same day, AI was mentioned 58 times on Microsoft's call, up from 35 times in its previous call. The recent surge in companies talking about their plans related to AI reflects Wall Street's recent overwhelming optimism about using generative AI and related technologies to offer new services and boost efficiency across a spectrum of industries. That has helped fuel a 37% surge in the Nasdaq this year and a 20% gain in the S&P 500.

Human Predicts AI Stupidity

[zenlessyank]

Human watches human stupidity. Human laughs.

Re:

[arglebargle_xiv]

Human wants number go up, reports number go up to others who want number go up. Everyone vote themselves rich.

Who counts words in a quarterly report?

[Fly Swatter]

I'm relatively new to 'investing' but that just sounds silly, to put it nicely.

Re: Who counts words in a quarterly report?

[sixminuteabs]

Nobody does. But they are transcribed and I think I read somewhere you can search text for specific words. Sorry I do not have a citation for that last part

Re:

[Fly Swatter]

Searching for an occurrence is one thing, I have done this myself to jump to a particular topic of interest with the transcript - but just counting the number of occurrences is crazy.

Search engines don't even do that anymore because they get played. In an earnings conference? haha, you too will get played.

Re:

[e065c8515d206cb0e190]

Think of it more like you would of mentions of the words "inflation" or "recession" in national newspapers. Frequency of occurrence can indicate broad trends when considered in aggregate.

Re:

[larryjoe]

I'm relatively new to 'investing' but that just sounds silly, to put it nicely.

For those of us without insider information, we need to search for clues to future market size and share. These words are from hyperscalers, those companies that purchase large percentages of the total market and can often swing and lead markets on their own. Since we don't have insider information, we use public words from these companies to predict how much money they will be willing to spend on a specific market in the future. If multiple hyperscalers publicly proclaim their love for AI in a public wa

Sorry.

[Motleypuss]

Byte my cognitive assist AI's not shiny but very pretty polymeric arse!