Gerstner says M&A teams dormant for three years are back to work after ServiceNow's $3 billion Moveworks deal.
“I can tell you every company has pulled their m and a teams off the beach. They haven't done anything for three years, and they're all back to work.”
Gerstner cites CoreWeave's $12 billion OpenAI Stargate deal and $3 billion ServiceNow acquisition as evidence deals are happening.
“so two quick things. Number one, CoreWeave announced yesterday a $12,000,000,000 deal with OpenAI on Stargate. Those things are getting constructive. We're investors there.”
Gerstner suggests Apple should acquire AI capabilities given their $2 trillion market cap and cash position.
“What's your opinion on the build it versus buy it debate around Apple? I feel like for $2,025,000,000,000, they should just buy it, just given how much cash they have”