Eric Sheridan

In this discussion, Eric Sheridan, a U.S. Internet Equity Research analyst at Goldman Sachs, and Kash Rangan, a U.S. Software Equity Research analyst, tackle AI bubble concerns. They dive into rising valuations and massive spending in the AI sector. Eric highlights the importance of free cash flow and distinctions from past bubbles. Kash examines software valuation dynamics and raises alarms about leverage risks. They also explore the circular capital flows between chipmakers and cloud firms, drawing parallels to the telecom era that could complicate revenue clarity.