Gerstner credits Mike Wilson for calling 2022 correctly but says he was tragically wrong on 2023 Q1 bearish call.
“Mike Wilson from Morgan Stanley, who may give him credit, made the call in 2022. He said '22 was gonna be awful. He was right.”
Gerstner predicts a zone of disillusionment will hit within four quarters as AI adoption takes longer than expected.
“I can absolutely see sometime over the next four quarters. We're gonna hit a zone of disillusionment because everybody's pig piled in here.”