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Goldman Sachs has named the tech stocks it expects to become more profitable over the next two years. Goldman Sachs believes that the bulk of the margin expansion is yet to come as companies start to realize the full benefits of cost-cutting measures implemented in the first half of 2023. The table below highlights Goldman's five stocks with the biggest upside that are expected to benefit from the above factors. Monday.com Monday.com , a software company that aims to improve efficiency among teams, is also expected to improve its financial performance. Vertex Vertex , a tax software provider, is expected by Goldman Sachs to see a 4.2 percentage point expansion in its operating margins from 2022 to 2024.
Persons: Goldman Sachs, Salesforce, Goldman, Gabriela Borges, Monday.com, Guidewire, Procore, — CNBC's Michael Bloom Organizations: Goldman
AI-powered technology companies Microsoft Microsoft arguably pushed AI into the mainstream with its unexpected release of its new AI-powered search engine Bing. During its annual conference for developers earlier this month, Nvidia demonstrated the fundamental importance of its role in facilitating the usage AI applications. Also unveiled were four new chips designed specifically for inferencing , which are optimized for various new generative AI applications. To facilitate these operations, AMD provides machine learning and deep learning systems which offer higher-performance computing capabilities to accelerate AI applications. Qualcomm Qualcomm (QCOM) is focused on making AI technology on-device processing more efficient across different industries and products.
Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. Watch Meta Club holding Meta Platforms (META) is planning thousands of additional layoffs as early as this week, Bloomberg reported late Monday. Stick with Salesforce Salesforce (CRM) on Tuesday announced the launch of its own generative artificial intelligence (AI) chatbot to be incorporated into its enterprise software offerings. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER .
Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. Watch wage inflation Stocks rose on Friday after the goverbment released its monthly personal consumption expenditures price index — the Federal Reserve's preferred inflation metric. Don't sell Salesforce Salesforce (CRM) on Friday confirmed the appointment of three new board members . As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER .
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