Peter Callahan

Peter Callahan, a Goldman Sachs U.S. tech, media, and telecom sector specialist, discusses why tech has lagged despite AI optimism. He covers the shift from AI build to implementation, earnings that failed to move stocks, CapEx and mega-cap execution pressure, software's pullback and rotation into semiconductors, and near-term catalysts to watch.

Ben Snider and Peter Callahan discuss the concentration of the US stock market on the podcast. They analyze the dominance of tech stocks, market bubbles, valuation metrics, and the risks associated with the largest US stocks. The conversation highlights the implications for investors and the importance of understanding the current market environment.

After a sharply disappointing performance in 2022, tech stocks are roaring back. But is the latest revival just a short-term blip? Or is there a new growth phase ahead for the tech sector? In this episode, Ben Snider, a senior strategist in Goldman Sachs Research, and Peter Callahan, who covers the tech sector for Global Banking & Markets, break down big tech earnings, new developments like generative AI, and the risks investors are focused on.  Learn more about your ad choices. Visit megaphone.fm/adchoices

Goldman Sachs' Peter Callahan discusses big tech's earnings in a 'bifurcated market.' Topics include positive cloud business trends, AI investments, advertising, and capital expenditure impact. Also covers stock buybacks by Google and Apple, surplus cash strategies, and market performance.

Peter Callahan, a sector specialist in Technology, Media, and Telecommunications at Goldman Sachs, teams up with equities sales trader Mike Washington to dive into the tech sector's ups and downs. They discuss the potential for megacap tech stocks to regain their leadership amidst shifting investor sentiment towards generative AI. Key catalysts, including upcoming earnings and Federal Reserve rate cuts, are analyzed, along with insights from the Jackson Hole symposium that could reshape market trends.