Gartner nudges down global IT spending growth forecast as 'change fatigue' persists

Gartner has nudged down its expected growth in worldwide IT spending for 2024 from 8 percent to 7.5 percent, with the total figure now expected to reach $5.26 trillion. The global IT research biz and consultancy had previously upped its growth forecast from 6.8 percent to 8 percent based largely on repricing of communications …

[CowHorseFrog]

WHere in the world does Gartner get all its numbers ?

Please dont tell me its bullshit.. they must have a formula and my next q is why dont they just short companies and make trillions if they know everything ?

[The Man Who Fell To Earth]

Well for one thing...

Most of the US stock market isn't driven by fundamentals. If it were, then for example,Tesla would be trading for $25-$50 with a PE in line with other automakers of 6-12 range. Most of the US stock market is driven by hope & hype.