Bloomberg Tech New York Tech Sector Prepares for Mayor-Elect Mamdani
11 snips
Nov 5, 2025 Joanne Feeney, a partner and portfolio manager at Advisors Capital Management, dives into the evolving dynamics of AI valuations and the latest trends in the chip sector. Judy Samuels, CEO of TechNYC, weighs in on the significant implications of the recent mayoral election for New York's tech industry, highlighting priorities such as housing and government modernization. Together, they explore how these developments set the stage for a transformative era in New York's tech landscape.
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AMD Still Chasing AI Traction
- AMD's results show it's growing but hasn't yet converted AI momentum into a decisive data-center lead versus NVIDIA.
- Investors expect clearer proof that AMD's AI accelerators will drive faster revenue growth than legacy PC/server sales.
Supermicro Losing AI Momentum
- Supermicro's weaker outlook signals that some AI hardware demand may be shifting to competitors or in-house server builds.
- Market worries reflect lost momentum rather than a failure of AI demand overall.
Legacy Wins Fund AI Ambitions
- Joanne Feeney emphasizes AMD's continued PC/server share gains as an important cash engine while AI efforts are early.
- The AI opportunity expands the whole data-center pie, allowing multiple companies to grow together.