Marija Veitmane of State Street says strong earnings and profitability support a constructive view of the technology sector despite AI development concerns.
Key facts
- •Marija Veitmane serves as the head of equity research at State Street.
- •The firm maintains a constructive outlook on technology stocks based on current earnings data.
- •Veitmane noted that the sector continues to demonstrate strong profitability.
- •The assessment considers ongoing industry discussions about slowing the development of advanced AI models.
- •State Street expects that future regulations will likely favor larger technology companies.
Marija Veitmane, head of equity research at State Street, stated that she remains constructive on technology stocks. She argues that the sector's robust earnings and profitability provide a favorable outlook, even as discussions persist regarding a potential slowdown in the development of cutting-edge artificial intelligence models.
Regulatory Outlook for Large Firms
In an interview with Bloomberg Television, Veitmane suggested that future regulation is likely to be supportive of larger companies within the technology sector.
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This article was independently rewritten by ManyPress editorial AI from reporting originally published by Bloomberg Technology.
