Kash Rangan

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.

As new artificial intelligence technologies, such as ChatGPT, capture the public’s imagination, are we at a tipping point in technological advancement — or is this the next bubble? In the latest episode of Exchanges at Goldman Sachs, Goldman Sachs Research’s Eric Sheridan, head of Internet coverage, and Kash Rangan, head of software coverage, discuss the technologies and investment implications, as well as the challenges and opportunities in the space. Learn more about your ad choices. Visit megaphone.fm/adchoices

Investor interest in generative AI technology has surged. But is the hype and market pricing around the technology warranted? In this episode of Goldman Sachs Exchanges, Conviction’s Sarah Guo, NYU’s Gary Marcus and Goldman Sachs Research’s Kash Rangan and Eric Sheridan discuss the technology’s disruptive potential.  Learn more about your ad choices. Visit megaphone.fm/adchoices