All articles tagged with #gartner
US tech stocks slid as AI concerns weighed on software and analytics names, with the Nasdaq down 2.2% and the S&P 500 off 1.4%. Gartner and S&P Global led the losses after Anthropic launched Claude Cowork tools to automate legal tasks, and others such as Intuit, Equifax, Moody’s and FactSet also fell, while European peers like Relx and London Stock Exchange Group dropped as AI demand cooled.
Research firm Gartner predicts a surge in AI PC and AI smartphone shipments in 2024, with 240 million generative AI smartphones and 54.5 million AI PCs expected to be shipped. While AI devices are projected to account for 22% of all PC and smartphone shipments by the end of the year, the lack of compelling use cases remains a challenge for vendors. The main selling point for these devices is their ability to perform generative AI tasks locally, providing security and privacy advantages. However, the industry is still waiting for developers to create new killer apps that take advantage of on-board generative AI capabilities to drive consumer interest. Despite this, the evolution of AI PCs and AI smartphones is expected to transform the user experience in the future.
The S&P 500 rose 0.9% as fewer jobs were created in October than expected, raising optimism that the Fed might not raise interest rates further. Paramount Global saw a boost in earnings and revenue due to increased NFL viewership and subscribers to its streaming service. Expedia Group reported record revenue on the back of booming travel demand. Insulet exceeded profit forecasts and raised its outlook as U.S. demand for its insulin pumps surged. Gartner beat profit and sales estimates, attributing its success to businesses seeking guidance in the uncertain macroeconomic environment. Fortinet's shares plunged as its profit, sales, and outlook fell short of estimates, while Church & Dwight faced higher costs and gave guidance below expectations.
Gartner has identified the top 10 strategic technology trends for 2024, which will impact business and technology decisions over the next three years. The trends include AI Trust, Risk and Security Management, Continuous Threat Exposure Management, Sustainable Technology, Platform Engineering, AI-Augmented Development, Industry Cloud Platforms, Intelligent Applications, Democratized Generative AI, Augmented Connected Workforce, and Machine Customers. These trends align with three key themes: protecting investments, empowering builders, and delivering value. Organizations are advised to evaluate the impacts and benefits of these trends and combine them strategically to achieve their goals.
After two years of declines, the PC market is showing signs of life, with research firm Gartner suggesting that the decline has finally bottomed out. While PC shipments in Q3 still saw a 9% year-over-year decline, it was an improvement compared to the 16.6% decline in Q2. The industry has been hit hard by COVID-related slowdowns, inflation, and rising interest rates, but as inventory levels drop and more people seek out newer PCs, the market is expected to recover in 2024 with a 4.9% growth in shipments.
Global PC sales continue to decline, with Apple Mac sales leading the way in the worst quarterly drop ever for PC shipments, according to research firm Gartner. The decline in PC sales has analysts searching for a bottom in the market.