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Apr 26, 2024
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there is one google. this is it to think google wouldn't fix that and learn from that mistake going forward, that was a fixable issue. it was not a shot to the heart they don't really know what they own. they puked it creating opportunity. frankly, that's the advantage for me of not being benchmarked. i don't think tech has to be this, i'll take a slightly out sized bet and be slightly 1% above or i can't have a position larger than 3% i'm just there to make money or in some cases lose money. but frankly, this is one that will keep going and going. >> today, you guys are making money. the stock sitting at 172 a lot of price target upgrades, too. we've got to move on to microsoft because this is also an impressive report this is one of your holdings what did you make of the quarter? >> so i think they are like the best combo from a ceo/cfo out there. i thought what he said was so important. he's like, as it relates to ai, he said we are continuing to ai dmom ratize expertise across the workforce. i sit in
there is one google. this is it to think google wouldn't fix that and learn from that mistake going forward, that was a fixable issue. it was not a shot to the heart they don't really know what they own. they puked it creating opportunity. frankly, that's the advantage for me of not being benchmarked. i don't think tech has to be this, i'll take a slightly out sized bet and be slightly 1% above or i can't have a position larger than 3% i'm just there to make money or in some cases lose money....
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Apr 26, 2024
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this report from google is more reflective than the google ad environment? >> absolutely. google and meta have half of the global digital ad market both added $6 billion and $7 billion respectively in terms of additional ad spend year on year when you add that with microsoft, you are looking at $25 billion of incremental revenue they pulled in year on year that is unprecedented. we have never seen that economic concentration. they are backing that up with massive investment google is on the $50 billion cap ex run rate. they are plowing money into the a.i. arms race like never before. >> alphabet cap ex is up year on year most of the spending is expected to be spent on artificial intelligence snap is using a.i. to boost their ad business. mark zuckerberg is investing in a.i., but did not have a clear path forward richard, does a.i. matter when it comes to the ad space i don't think we quite see the impact of it when it comes to the copilot. in the ad space, is there a definitive use case? >> the reality is a.i. has been driving the ad business for years already. all of the
this report from google is more reflective than the google ad environment? >> absolutely. google and meta have half of the global digital ad market both added $6 billion and $7 billion respectively in terms of additional ad spend year on year when you add that with microsoft, you are looking at $25 billion of incremental revenue they pulled in year on year that is unprecedented. we have never seen that economic concentration. they are backing that up with massive investment google is on...
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Apr 25, 2024
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go google's parent adding more than $300 billion in market cap after announcing its first ever dividend and a $70 billion stock buy-back let's get more on the numbers with deirdre bosa. >> hey, mel. the call is still under way. the q&a should be beginning soon no surprise, the ceo spent a lot of time talking about his a.i. strategy i want to highlight how the company says it's navigating generative a.i. in search ads, its cash cow he says he's encouraged by what he's seeing so far, including an increase in search usage the chief business officer went a little further, saying that ads are, indeed, finding a place in gen-a.i. products and confident that the opportunity will expand. he also made a point to tell investors that google isn't just search ads anymore he noted that youtube and cloud will have a combined run rate of over $100 billion, suggesting that growth of those units will increase, as well. now, he's also keeping efficiency front of mind, investors loved this he noted head count growth, which was a reduction year over year, and monetization he listed a number of paths to mak
go google's parent adding more than $300 billion in market cap after announcing its first ever dividend and a $70 billion stock buy-back let's get more on the numbers with deirdre bosa. >> hey, mel. the call is still under way. the q&a should be beginning soon no surprise, the ceo spent a lot of time talking about his a.i. strategy i want to highlight how the company says it's navigating generative a.i. in search ads, its cash cow he says he's encouraged by what he's seeing so far,...
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Apr 26, 2024
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boosted by earnings by microsoft and especially google. alphabet up more than 10% today, as you see right there we'll have more on those results coming. >> and what we're seeing here is that today's game is really pushing alphabet into the $2 million market cap along with microsoft and nvidia all the major averages set to end this week with gains the nasdaq up more than 4% you can see that big drop yesterday morning and then that steady rebound yesterday and into today's session we'll keep our eye on that, tyler. >> all right let's start with a number helping to clear the way for this rally after yesterday's worrying gdp report. the markets seemed to like what they saw in this morning's pce that's an inflation number steve joins us now with a little bit more what did they like and you started to explain this in the last hour or two, and i'd love to hear you continue. what is the difference between pce and cpi and all these other different inflation numbers, and why does the fed like pce? >> all right i'll start there the cpi is the consume
boosted by earnings by microsoft and especially google. alphabet up more than 10% today, as you see right there we'll have more on those results coming. >> and what we're seeing here is that today's game is really pushing alphabet into the $2 million market cap along with microsoft and nvidia all the major averages set to end this week with gains the nasdaq up more than 4% you can see that big drop yesterday morning and then that steady rebound yesterday and into today's session we'll...
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Apr 24, 2024
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>> more cautious on google, but here is the thing about google. there is only one mag 7 stock that is up over the last month, it is google. i think the story with that is, a month ago, investors had totally written off google. they gave up on it. we had the gemini issues -- >> longer back than a month ago. >> it was ugly. >> basically, for the last year, the noise around that company is that it is lost. >> yes. >> not only lost the ai race, but it has just lost. >> right. internally, it feels like the good news is, though, we are starting to see just a little bit of them coming back to sanity, coming back to reality, and may be a meta like year of efficiency. we saw yesterday, the search boss talked about efficiency. and it is funny hearing their search boss say, "we need urgency at google," is empowering. and it is important for me as an investor to hear that because that is a fair criticism of google over the last year. they need urgency. hopefully, we hear more about it on the call. >> funny that the stock performance hasn't matched the narrati
>> more cautious on google, but here is the thing about google. there is only one mag 7 stock that is up over the last month, it is google. i think the story with that is, a month ago, investors had totally written off google. they gave up on it. we had the gemini issues -- >> longer back than a month ago. >> it was ugly. >> basically, for the last year, the noise around that company is that it is lost. >> yes. >> not only lost the ai race, but it has just...
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Apr 25, 2024
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that applies for google as well revenue contribution is still unclear, but for google it is expected to show up in the cloud. continues to spend bill, warning that capex spend will be larger. how does sundar pichai protect search ads while embracing gen a.i. and chatbots? look to core search advertising numbers. the advertising numbers were lower than expected and some thought, uh-oh, gen a.i. is pulling away from search google, too, needs a new ceo they still don't have one. potentially an announcement tonight. we'll be listening maybe a small chance of this, some are looking tonight for a dividend especially after meta sur surprised markets by issuing one that could offset some concerns around spending. it has withheld for a long time. >> jim, what are you expecting you're a shareholder >> i am not expecting a reaction in either. the multiple differential is too wide but if that corrects by maybe microsoft coming down and google going up they all have irons in the fire besides this you have the web services. you have the basic search businesses and web at google not to mention yaho
that applies for google as well revenue contribution is still unclear, but for google it is expected to show up in the cloud. continues to spend bill, warning that capex spend will be larger. how does sundar pichai protect search ads while embracing gen a.i. and chatbots? look to core search advertising numbers. the advertising numbers were lower than expected and some thought, uh-oh, gen a.i. is pulling away from search google, too, needs a new ceo they still don't have one. potentially an...
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Apr 23, 2024
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and google before that and baidu. we'll keep our united states on anthropic. >> i still get disappointed when you ask -- it was a sentient question, it could know everything you want to know about the history of samurai, but you ask it the easiest question. >> the wikipedia page knows a lot more than you know about a lot of different topics, but that doesn't help you plan your vacation. >> that's not like human -- the brain -- still, the brain is the -- as far as we know, the wonder of the entire universe. the human brain is the wonder of the universe, is it not? yours, especially. >> i don't know about that. we'll see. it may not be in two or three years, that may be one of the wonders of the universe. >> but is it two or the three years? >> i think we'll get close to doing pretty close stuff. >> at least i don't want them when they need to pick the biggest airport in the united states, they pick one in canada. >>> coming up, nobel prize winning economist joseph stiglitz joins us for a conversation on the health of t
and google before that and baidu. we'll keep our united states on anthropic. >> i still get disappointed when you ask -- it was a sentient question, it could know everything you want to know about the history of samurai, but you ask it the easiest question. >> the wikipedia page knows a lot more than you know about a lot of different topics, but that doesn't help you plan your vacation. >> that's not like human -- the brain -- still, the brain is the -- as far as we know, the...
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Apr 25, 2024
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google has the premium service google this more at risk than meta google business is search and the entire search model is in a way that music is to cds people don't need to search if they have embedded a.i. in the copilot. >> hyper scalers you say it is critical for a.i. leadership azure, the cloud offering, and amazon web services are in the lead google the right now is a loser slight deceleration from last quarter, but strong. the consensus is they are gaining market share why do you see them as a loser >> i think google is number three and a distance between number one and two i think cloud is a pre-requisite for a.i. they are well positioned there my key for google is the search business means they haven't articulated the business model to solve the threat to a.i. >> very quickly, oracle, do you see them as a rising player? when the a.i. revolution started, they were vocal about the partnership with nvidia. >> i see them as a rising player i have them in my portfolio. they will be strong in health tech that is the big industry to get reformed i think in the same way that larry ellison
google has the premium service google this more at risk than meta google business is search and the entire search model is in a way that music is to cds people don't need to search if they have embedded a.i. in the copilot. >> hyper scalers you say it is critical for a.i. leadership azure, the cloud offering, and amazon web services are in the lead google the right now is a loser slight deceleration from last quarter, but strong. the consensus is they are gaining market share why do you...
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Apr 26, 2024
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google is restructuring. if you look at microsoft, the head count was down and costs are not growing as much. they are all investing in the cap ex amy is saying we are only going to build up the cap ex if demand is there if you transition back to meta they are investing heavily they raised cap ex again the second thing is they are not showing as much cost control as others they are showing some. the cap ex is going to old reality labs business. investors see that as suspicious not all of it is going to a.i. the other bit that is quite clear is that google and microsoft have businesses benefitting from that. we are seeing the revenue. microsoft said 7% of growth in cloud was coming from a.i. products meta is actually not really clear what their business model is going to be they are giving away the models. >> investors do not like the metaverse one bit. one thing that is underreported is the digital ad business google with a rebound. double bdigits year over year. what does that tell you about the companies fo
google is restructuring. if you look at microsoft, the head count was down and costs are not growing as much. they are all investing in the cap ex amy is saying we are only going to build up the cap ex if demand is there if you transition back to meta they are investing heavily they raised cap ex again the second thing is they are not showing as much cost control as others they are showing some. the cap ex is going to old reality labs business. investors see that as suspicious not all of it is...
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Apr 25, 2024
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microsoft and google are both expected to show strong growth with the cloud business. how important is that growth we saw meta with great results eps doubled year over year, but the invest m ment in a.i. is as important for growth >> they are important. i think the difference is for microsoft a.i. is an enabler for google, the cloud business can pick up growth and show growth from a.i. on the contributions with the gpu here. deaffinitely the cloud growth is important here >> okay. let's talk about ad spending for a moment meta posted a miss when it came to the ad. >> referee: ad revenue it is a big part of the business for microsoft. should investors be concerned about the digital ad spending market and outlook >> it is a bigger issue for google oand alphabet what happens is can they continue their low comp from last year. we are expecting 12% growth in the ad spending and ad business. can we see that? that would give some comfort to investors that the search business is not getting disrupted by a.i you know, meta pointed to slowdowns from china that's something to wat
microsoft and google are both expected to show strong growth with the cloud business. how important is that growth we saw meta with great results eps doubled year over year, but the invest m ment in a.i. is as important for growth >> they are important. i think the difference is for microsoft a.i. is an enabler for google, the cloud business can pick up growth and show growth from a.i. on the contributions with the gpu here. deaffinitely the cloud growth is important here >> okay....
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Apr 19, 2024
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and remember that google has built on this mantra of don't be evil the idea that ethics and business go hand in hand in the age of ai, we are seeing this narrative change. this age of ai is arguably the biggest existential risk to de google in decades and requires tougher leadership that's what we're seeing hims of now. we'll see next week when mega cap earnings get underway. it's helping financials, as well, and that is a big question as we head into earnings google reports on tuesday how are those search numbers, advertising numbers going to look, tileer >> thank you very much deidre bosa reporting. >>> according to data, last year california had more than 181,000 homeless individuals, up more than 30% from 2007 and now, los angeles county is turning to ai to help find people before they join that statistic. kate rogers joins us now with more hi, kate >> reporter: hi, tyler l.a. county's homelessness prevention unit has intervened with 800 individuals and families using ai to identify people most at risk of losing housing. the program relies on a model developed by the california p
and remember that google has built on this mantra of don't be evil the idea that ethics and business go hand in hand in the age of ai, we are seeing this narrative change. this age of ai is arguably the biggest existential risk to de google in decades and requires tougher leadership that's what we're seeing hims of now. we'll see next week when mega cap earnings get underway. it's helping financials, as well, and that is a big question as we head into earnings google reports on tuesday how are...
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you can't do that with google. for me, with my strategy that eliminates it from my portfolio. >> so let's talk tesla bryn, i'll start with you. we made it our chart of the day, obviously, on the back of earnings it is higher it's not like the earnings report was great it was far from it but this idea of what musk talked about about the production of affordable new evs by early '25 is what has jump started the stock today, so you'll take the leader of this company at his word, i suspect the market seems to be >> yeah, well, you and i talked about this on "closing bell" yesterday, and i said, the sentiment and the bearishness on this stock, right, not the company, on the stock, was so loud, it was deafening if i was short the stock, which clearly i'm long, i would not be short this name going into the earnings print if they do even less, the stock is going to pop. that's exactly what happened i thought it was a very good earnings call. elon was like the adult in the room to me it was quintessential elon he had good a
you can't do that with google. for me, with my strategy that eliminates it from my portfolio. >> so let's talk tesla bryn, i'll start with you. we made it our chart of the day, obviously, on the back of earnings it is higher it's not like the earnings report was great it was far from it but this idea of what musk talked about about the production of affordable new evs by early '25 is what has jump started the stock today, so you'll take the leader of this company at his word, i suspect...
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Apr 26, 2024
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everybody is worried about the future for google, but the present looks real good for google as reacceleration in terms of revenue growth, issued a dividend, offered a stock buyback. -- making trouble inside the company saying, no more, you guys got to get out. all of a sudden the narrative around apple -- around alphabet starting to shift. people starting to say, this company remains strong those worries might come into play but they're not happening immediately. now we're looking at it, $2 trillion. >> truly is. the radio folks, alphabet, google, is up 10% right now, just a monster move. going back nine and a half years. best say since it did feel like you see all these things that are happening at the company and people are like, oh, gemini's got these weird search results and it's gotten too whatever. pichai laying down the hammer. it's a place of work you do work or you go somewhere else it feels like that did have a market shift almost. >> definitely. he had to change the story and i think he understood that he fired the employees that had taken over -- it's not like they were hanging ou
everybody is worried about the future for google, but the present looks real good for google as reacceleration in terms of revenue growth, issued a dividend, offered a stock buyback. -- making trouble inside the company saying, no more, you guys got to get out. all of a sudden the narrative around apple -- around alphabet starting to shift. people starting to say, this company remains strong those worries might come into play but they're not happening immediately. now we're looking at it, $2...
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Apr 26, 2024
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and alphabet, the ceo shot back at the idea google's core search business was under threat from chat bot search ends. he said -- >> he said google will monetize ai through subscriptions and cloud, just like microsoft is doing. one other interesting argument not related to ai necessarily, he said youtube and google cloud combined will have a $100 billion run rate this year his way of saying alphabet's more than just selling search ads. >> what do i get if i subscribe to one of these ai services, what is the one from microsoft >> microsoft is co-pilot >> and google -- >> so there's consumer versions that just regular people can sign up for on an individual basis. >> for free? >> there's a free version, a paid version is $20 a month. by the way, openai has a similar product that it offers by itself and that is also what google is trying to do is offer these subscriptions. on the enterprise level, that's where the real money is. big businesses coming in, tens of thousands of people coming in i just showed you that wall of companies buying, multiply 10,000 by $30 a month. that's why there
and alphabet, the ceo shot back at the idea google's core search business was under threat from chat bot search ends. he said -- >> he said google will monetize ai through subscriptions and cloud, just like microsoft is doing. one other interesting argument not related to ai necessarily, he said youtube and google cloud combined will have a $100 billion run rate this year his way of saying alphabet's more than just selling search ads. >> what do i get if i subscribe to one of these...
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Apr 26, 2024
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that's amazon, google, microsoft, meta. i think the rest are going to be very difficult there will be room for ai players in verticals like health care and retail that we think, again, the companies that have that data and have that user, it's really hard to train, to effectively run these systems, so it's going to be very, very difficult for the others to survive. so the question is, what happens to oracle? they're on the cut line. i think they'll benefit, but there's others that will -- may not. weigh what's going to happen to ibm? are they in that same situation i'm talking about in the big four and the answer is no. >> right we know the one key beneficiary, i don't believe you cover nvidia but that stock up another almost 5% this morning. >> absolutely. they're the number one from every piece of work we do, everyone is spending on nvidia and again, this is hard to have these conversations with our clients right now, as a software analyst, you know, i feel like i'm -- i'm on aisle 4 mopping up a spilled milk everyone wan
that's amazon, google, microsoft, meta. i think the rest are going to be very difficult there will be room for ai players in verticals like health care and retail that we think, again, the companies that have that data and have that user, it's really hard to train, to effectively run these systems, so it's going to be very, very difficult for the others to survive. so the question is, what happens to oracle? they're on the cut line. i think they'll benefit, but there's others that will -- may...
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Apr 22, 2024
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one, if you don't own like the microsoft, the amazon, and google. if you don't have some core positions there, those are core positions for me. i would look at the stock that hasn't performed all that well and has pulled back for some other reasons that has a reasonable growth rate and kind of a core position in the consumer less riskier area. money market at 5.3% or 5% anywhere in there the treasury bill right now three months is around again, 5.3%, 5.4%. you're still etting paid to wait and be cautious, and there is a lot of money out there that seems very patient in waiting to see also the white of inflation eyes. and they will sound the all clear. >> wow, the white of inflation eyes. i mean that's really saying something there, michael. >> it's vivid. >> thank you. >> thank you, all. >>> coming up, today is earth day. there is a big money at stake as well. global funding into clean energy hit a record high in 2023. now massachusetts is looking to attract climate tech to the state. governor maura healey joins us next. to start a business, you nee
one, if you don't own like the microsoft, the amazon, and google. if you don't have some core positions there, those are core positions for me. i would look at the stock that hasn't performed all that well and has pulled back for some other reasons that has a reasonable growth rate and kind of a core position in the consumer less riskier area. money market at 5.3% or 5% anywhere in there the treasury bill right now three months is around again, 5.3%, 5.4%. you're still etting paid to wait and...
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Apr 24, 2024
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for google, that's rare, but also by and large. that's a lot of firings at once. >> here's the thing we're all trying to understand what ensome of this began back in '16 and some of the protests in '18 and even '20, and it felt like the employees were running the place, right the inmates were running the asylum to some degree. there was a view among management they couldn't clamp down on this even if they wanted to because the engineers and employees were so important and if they did something about it, they would have an even bigger problem, that the labor market was so tight, these people would race off to other jobs. >>problem, that these people would race off to other jobs what is the calculus today versus the calculus then >> i mean, i think you've seen a lot of power shift from the rank and file back to the company and what was unusual about this protest is that it was a sit-in protest. so there were people physically impeding others. and standing in the offices of the ceo google cloud, for example. that is really taking thin
for google, that's rare, but also by and large. that's a lot of firings at once. >> here's the thing we're all trying to understand what ensome of this began back in '16 and some of the protests in '18 and even '20, and it felt like the employees were running the place, right the inmates were running the asylum to some degree. there was a view among management they couldn't clamp down on this even if they wanted to because the engineers and employees were so important and if they did...
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Apr 25, 2024
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. >> very nice jim, we got microsoft down 4.5 google down 4. ahead of tonight. >> good. at least, you know, my father, jimmy, they seasoned the beach and then got there and everyone shooting them -- >> wm tonight? >> look. jim fisher is doing fabulous i won tickets to great golf that he does in phoenix the stock is crazy it's down i got tractor supply after the close and then adco, i always like to make measure on food eric hansotta is fantastic agco is up david killed comcast that's all i have to say hashi corp is up. >> there you go. >> killed? >> you're going to stay on this? >> he shot a peacock today. >> it is a tough tape, though. nasdaq now at 2% decline and the dow down 640 don't go away. happy mother's day! some things never change. like a mother's love. get something as timeless as a mother's love at harryanddavid.com. life is a gift. share more. ♪ >>> good thursday morning. welcome to another hour of "squawk on the street. i'm sara eisen with carl quintanilla and david faber, live as always from post nine of the new york stock exchange. take a look at stocks
. >> very nice jim, we got microsoft down 4.5 google down 4. ahead of tonight. >> good. at least, you know, my father, jimmy, they seasoned the beach and then got there and everyone shooting them -- >> wm tonight? >> look. jim fisher is doing fabulous i won tickets to great golf that he does in phoenix the stock is crazy it's down i got tractor supply after the close and then adco, i always like to make measure on food eric hansotta is fantastic agco is up david killed...
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Apr 25, 2024
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it is redmond and google and amazon and others and i view that spending and the stock comes back a bit but this speaks to the baton being handed from the godfather which continues to be in a mass position of strength to software and now you see the use cases and modernization. and it's the most important stock and it's been that way and it was that way last year and i have often called the patrick mahomes of the stock market. when you hear what you heard last night from meta and what dion is suggesting we will hear in terms of spending on ai, what you are really gaining insight toward is the ai halo is still present and look at that today and the price performance and look at the other names when you drop down from that and you look at this and these stocks are hired today and i think that is what is important and i will say something. i am not wildly bullish and i think where the market is right now is we will be running to a lot of different places and ultimately ending up in the same spot before at some point we resume the prevailing trends. >> i wonder if nvidia today and not becau
it is redmond and google and amazon and others and i view that spending and the stock comes back a bit but this speaks to the baton being handed from the godfather which continues to be in a mass position of strength to software and now you see the use cases and modernization. and it's the most important stock and it's been that way and it was that way last year and i have often called the patrick mahomes of the stock market. when you hear what you heard last night from meta and what dion is...
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Apr 19, 2024
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for instance, when it comes to the preference, if you get a google search and you go to google flight, there may be other service providers who are better inning providing services to you same with amazon make sure you see all of the amazing offers that independent sellers have on the platform lastly, can you go to another app store if you are not happy do you prefer to have a game app store with secure apps or do you have an app store where people can feel what they are offered is safe? quite a number of issues where we want full see there are diffs with the way businesses relate to us. >> you know, the word compliance stuck out in what you had to say. apple is still not following the update following the spotify update what happens if they are not in compliance >> this is top priority because it is about our choice as consumers. you can choose to pay within the app or system and pay 30% surcharge for that, but it should be possible for you to have a direct relationship with your service provider and pay the price they are asking without the 30% apple service fee. it is a high priori
for instance, when it comes to the preference, if you get a google search and you go to google flight, there may be other service providers who are better inning providing services to you same with amazon make sure you see all of the amazing offers that independent sellers have on the platform lastly, can you go to another app store if you are not happy do you prefer to have a game app store with secure apps or do you have an app store where people can feel what they are offered is safe? quite...
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Apr 26, 2024
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seen what google did with alpha fold adid. seeing these tools use but at early stages because we haven't done it in deliberate fashion. >> scott, think about metabolism and all of these processes and we've been lucky at different times to find things that, one gene could, you know, got a mutation going and fixes it somehow, but gene therapy and working on one gene -- it's very rare how many genes are involved in most diseases or conditions? hundreds, thousands? or -- >> yeah. you're getting right to the point. >> the only way to understand it the total picture of what you're doing, and designing drugs to address it, it's -- and for, i think, about 15 years ago, up at the cancer center. got rid of the guy running it and put in like a data guy almost ann i.t. guy? >> that's the point. look inside systems. the model might tell you different elements are biology impacting a disease state. might be able to target it with one drug design a protein drug to hit multiple targets, or design multiple drugs and provide them in combination
seen what google did with alpha fold adid. seeing these tools use but at early stages because we haven't done it in deliberate fashion. >> scott, think about metabolism and all of these processes and we've been lucky at different times to find things that, one gene could, you know, got a mutation going and fixes it somehow, but gene therapy and working on one gene -- it's very rare how many genes are involved in most diseases or conditions? hundreds, thousands? or -- >> yeah. you're...
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Apr 25, 2024
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google being the core example, where the jury is sort of out as the consequence of ai and interactive with all these agents might have on the search business but for meta, this looks like powerful technology that can enhance their value proposition without a lot of downside risk >> let's note for the record you have a buy rating and a price target of $555 alphabet, what are you looking for in its report? >> i think we're going the see stability in the search market is the biggest point that investors are looking for. the reits on search advertising look healthy this quarter. we're expecting a deceleration in youtube, just coming off a strong nfl cycle in the fourth quarter. we have a lot fewer games in the first quarter, so that's natural there. the questions are going to be, again, on spending outlook and their ai strategy. they've had some product wonders obviously, well publicized on the gemini launch. you know, investors are certainly going to be interested in management's view in correcting the course here and bringing better technology to market >> rob, thank you very much for y
google being the core example, where the jury is sort of out as the consequence of ai and interactive with all these agents might have on the search business but for meta, this looks like powerful technology that can enhance their value proposition without a lot of downside risk >> let's note for the record you have a buy rating and a price target of $555 alphabet, what are you looking for in its report? >> i think we're going the see stability in the search market is the biggest...
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Apr 22, 2024
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i see apple basically flattish on the day, i see google up 1.5%, amazon up 1.5%. i see meta down on the day or flattish, something like that. i just don't see a lot of performance. microsoft was up a half a percent or something like that. the biggest names in the market that led us up for the better part of this year are the ones that are going to actually have the biggest s&p earnings contribution. i think at some point, i think investors -- this might be as good as it gets in this cycle, as we get through q-1 and q-2 earnings, we have a strong dollar, we have higher rates, we have commodity input prices much higher, and i just kind of say to myself, you know what? great performance this year, maybe you take a breather, last year from the july highs to october lows, we had 11% peak to trough decline and only 5% or so? >> it's nothing. the give-back is very minor in terms of duration and magnitude. we know from the october low, a six-month move, over 32% for the nasdaq 100, so, we're down seven, eight. it was up big today, right, but the real headline is, from its
i see apple basically flattish on the day, i see google up 1.5%, amazon up 1.5%. i see meta down on the day or flattish, something like that. i just don't see a lot of performance. microsoft was up a half a percent or something like that. the biggest names in the market that led us up for the better part of this year are the ones that are going to actually have the biggest s&p earnings contribution. i think at some point, i think investors -- this might be as good as it gets in this cycle,...
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Apr 26, 2024
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they're op margin was some of the best there's reasons why those google numbers were so good i don't think they were all ai, but they went out of their way to talk about the massive investment in ai and so, sure, you know, philosophically and secularly, when we think about that first big nvidia print, the question that the analyst community had, especially in tech, was this the beginning of a massive capex boom that's going to be ushered in by ai so far so good, no question about it i guess i just think that the fed is still the most important variable for markets and i think it was a -- we can dice and slice, we'll talk about some of those dynamics, but i think the data this week was better. i think gdp was actually better. p, ce today was very benign, and i think the fed reigned supreme. >> yeah, karen, what do you think? >> i don't know, i guess i disagree a little bit. >> nice. >> okay. >> so i think that for this slim number of stocks that are very much in this very ai-centric, it definitely does matter, and it doesn't matter -- none of the other things matter. they are in great
they're op margin was some of the best there's reasons why those google numbers were so good i don't think they were all ai, but they went out of their way to talk about the massive investment in ai and so, sure, you know, philosophically and secularly, when we think about that first big nvidia print, the question that the analyst community had, especially in tech, was this the beginning of a massive capex boom that's going to be ushered in by ai so far so good, no question about it i guess i...
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Apr 19, 2024
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now microsoft and google are going to be good i think google will be good. the beginning of the week might be soft but they can handle it verizon is going to deliver a good number, second time in a row, hans has figured it out good for him. >> we'll be busy. >> nordstrom. >> yeah. i was going to say the take privates >> nordstrom rejects initial takeover from the nordstrom family, $50 a share in march 95 of 2018. that's a gang that can't shoot straight i'm sorry. >> we are beginning to make a list after endeavor, 23 and me in the mix now. >> yeah. i mean, they're going all health this is a horrible article in the journal about them. >> how about tonight >> i have one of my most exciting companies, a company i bought a car from, carvana i bought it. i didn't like it i returned it. i mean it was easier than returning something to marshals, which makes it easy. easy as turning them to sears, remember that, you could take it back you owned for ten years and then john holmes, a company that does aerospace anything we can find out about aerospace is important incl
now microsoft and google are going to be good i think google will be good. the beginning of the week might be soft but they can handle it verizon is going to deliver a good number, second time in a row, hans has figured it out good for him. >> we'll be busy. >> nordstrom. >> yeah. i was going to say the take privates >> nordstrom rejects initial takeover from the nordstrom family, $50 a share in march 95 of 2018. that's a gang that can't shoot straight i'm sorry....
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Apr 25, 2024
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my pick would be google. >> why? do you have deals with them? what kind of ties do you have with them? >> come on now. you see this in my hand and i was on the commercial. i am going with my pick and i am staying with that and i don't care what you all have to say. >> what you think of google? >> first of all i think that druski needs to be defended as does kenny smith. ryan reynolds got it a few years ago and this is what these people do and they have relationships and they have made disclosures. i do like the google call and i like it because it certainly has proven even with all of the headwinds around what they are doing with ai there are missteps and it is near an all time high and that reason, they are reporting tonight but i think the valuation of that is as defensive as any of the big players. >> i think druski is calling jillian michaels. >> oracle first-round pick and what is the second round pick? >> i will go with the company i really like and depend on which is starbucks. i travel all the time and i use their coffee and i am getting
my pick would be google. >> why? do you have deals with them? what kind of ties do you have with them? >> come on now. you see this in my hand and i was on the commercial. i am going with my pick and i am staying with that and i don't care what you all have to say. >> what you think of google? >> first of all i think that druski needs to be defended as does kenny smith. ryan reynolds got it a few years ago and this is what these people do and they have relationships and...
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Apr 22, 2024
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we have meta's ai assistant integrates realtime search results with google and bing. we are talking about innovation they're heading down the right direction. if this is a great report from meta i want to make sure it impacts my portfolio properly. >> do you feel like when you look at the mega cap correction if we are in the midst of that and it's hard to deny that we would be when you look at the declines last week, for example, of 6% for a meta or 6% for amazon, 6.5% for apple, 13.5% for nvidia, microsoft obviously pulling back along with alphabet, too. what's your gut tell you about where you think these stocks are going to rerate at? >> i think we've seen last week was really the thick of a rotation, a correction, however you want to look at it, but at the same time our method is to do the small things right, over and over, stick to your plan and this is something that we were prepared for. you know, rates move very quickly, i think stocks and just in tech especially as you go out long duration tech assets seeing the speed in which the ten year moved, the two year
we have meta's ai assistant integrates realtime search results with google and bing. we are talking about innovation they're heading down the right direction. if this is a great report from meta i want to make sure it impacts my portfolio properly. >> do you feel like when you look at the mega cap correction if we are in the midst of that and it's hard to deny that we would be when you look at the declines last week, for example, of 6% for a meta or 6% for amazon, 6.5% for apple, 13.5%...
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Apr 19, 2024
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we are reaching them in the ways that most people would, tv advertising a lot of google and other digital channels importantly we try to deliver great experiences at places like this, were they tell their friends about it. >> i first heard about you, i go on i-95 in philadelphia, there it is, and i said to myself that is all artifice, come on, but it isn't, is it quick >> another thing that doesn't fit any business model is cool. it is cool to be here and come here, your kids pull up the phone and their excited and share with her friends and we can deliver a lot more cars of the small location in a more trusting way than most dealerships can, we can be efficient and fun and analytical. >> do you see instagram suitable do? yes. >> it is a hard thing to do. >> let's talk about you. >> oh. >> and over, a great run, have it worked out, the disruptive model was good, take me back to when the stock was there, by the way, and and take me there. >> and most the time it is out of the public eye. before-year-old company in 2017. we went through struggle in the public eye, i think what i was really
we are reaching them in the ways that most people would, tv advertising a lot of google and other digital channels importantly we try to deliver great experiences at places like this, were they tell their friends about it. >> i first heard about you, i go on i-95 in philadelphia, there it is, and i said to myself that is all artifice, come on, but it isn't, is it quick >> another thing that doesn't fit any business model is cool. it is cool to be here and come here, your kids pull...
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Apr 22, 2024
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we don't want the googles to be down, you know, 10% plus on their earnings. but expectations have gotten high. having the pullback in the market ahead of the tech earnings is a good thing. you flush out some of the bad sentiment and hopefully get a short term recovery when they do report better than expected earnings. >> how would you address the same issue about the price action after decent earnings report sort of an ominous sign that something bad was about to happen. >> that's right. when stocks don't go up, it's a sign there's a sea change in risk appetite but having a bar being oversold into the earnings season is a help. but we think there's a pain trade happening meaning the sectors doing better after the last couple of weeks are the places you've seen a lot of outflows, financials, industrials, materials whereas tech has been crowded. there's a slight lower bar with high valuations and crowded positioning, that's why we're likely seeing the negative reactions meaning good is just not good enough. >> maybe it's good too that nvidia is going through wh
we don't want the googles to be down, you know, 10% plus on their earnings. but expectations have gotten high. having the pullback in the market ahead of the tech earnings is a good thing. you flush out some of the bad sentiment and hopefully get a short term recovery when they do report better than expected earnings. >> how would you address the same issue about the price action after decent earnings report sort of an ominous sign that something bad was about to happen. >> that's...
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Apr 22, 2024
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we are, i guess, prone to say that the ai race is between two or three players, google, alphabet, microsoft, maybe amazon, but i keep hearing meta sneaking in there, that they may be a real up and comer. am i wrong or right about that? >> you are absolutely right about that. they're taking different strategies and microsoft exploded with chatgpt and amazon is doing a bunch of different things that are less clear to investors, but meta came out really swinging last week by just incorporating gen ai and the llama large language model into its family of apps. we're at this phase, tyler where last year we kind of looks at the picks and shovels of the ai race and who actually is using it in applications and that is what we'll be looking for next next few weeks and meta leapfrogged ahead by putting it into the existing product which has a distribution of millions of use ares and it's been developing its old open, and i bunch of different developer, but absolutely meta is a contender. >> deertirdre bosa, thank you v m much. >> could its recycling efforts turn around and that and three other friend
we are, i guess, prone to say that the ai race is between two or three players, google, alphabet, microsoft, maybe amazon, but i keep hearing meta sneaking in there, that they may be a real up and comer. am i wrong or right about that? >> you are absolutely right about that. they're taking different strategies and microsoft exploded with chatgpt and amazon is doing a bunch of different things that are less clear to investors, but meta came out really swinging last week by just...
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Apr 25, 2024
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expected they finally broke out some numbers for youtube and they were spectacular ai business incredible google cloud was great growing at 28.4% clip. up with the other big boys authorized, get this, $70 billion buyback on the strength of share count directly boosting the earnings per share and hallelujah ♪ hallelujah ♪ a dividend so it's only 20 cents. doesn't matter it's a great sign and the market loves it unlike meta while they did say they'd be investing heavily in their ai business they also said they'd be expanding margins as they do so, which is why alphabet still gets credit for its great results. i haven't seen a quarter like this, i can't even recall one, where they delivered on everything we wanted it's like they listen to the show next there's merck all right. the secret here is keytruda. it's the most revolutionary anti-cancer drug in history. key keytruda's sales came in at 6.9 billion. one quarter. that's up 24% which is astonishing as merck just keeps finding different types of cancers that can be treated by this thing of course drug patents don't last forever, which is why
expected they finally broke out some numbers for youtube and they were spectacular ai business incredible google cloud was great growing at 28.4% clip. up with the other big boys authorized, get this, $70 billion buyback on the strength of share count directly boosting the earnings per share and hallelujah ♪ hallelujah ♪ a dividend so it's only 20 cents. doesn't matter it's a great sign and the market loves it unlike meta while they did say they'd be investing heavily in their ai business...
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Apr 24, 2024
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i don't know if google can go right, because it's up so much amazon, i like microsoft, maybe, is up too much so -- and nvidia's not right now. but look at meta that's -- it's soaring, and yet, if tiktok is really banned, so to speak, then the world is zuckerberg's oyster. >> yeah, i mean, it's worth mentioning, of course, that bill is going to go to the president's desk today of course, it's an aid bill for ukraine and israel, humanitarian aid as well is a part of it. but the ban on tiktok is going to get signed into law they're going to have a year, as we pointed out many times, it seems unlikely that the chinese government is going to let tiktok's owner, bytedance, sell the u.s. or the english-language version of the app, but it remains to be seen, and carl, it very well may end up being decided in the courts. >> meantime, blinken's in shanghai today, possible face-to-face meeting with xi on friday about support for the russians, about some of this, about sanctions, about chips >> it is really -- there's nothing that they have in common right now. we're trying to stop them everywhere,
i don't know if google can go right, because it's up so much amazon, i like microsoft, maybe, is up too much so -- and nvidia's not right now. but look at meta that's -- it's soaring, and yet, if tiktok is really banned, so to speak, then the world is zuckerberg's oyster. >> yeah, i mean, it's worth mentioning, of course, that bill is going to go to the president's desk today of course, it's an aid bill for ukraine and israel, humanitarian aid as well is a part of it. but the ban on...
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Apr 23, 2024
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i think we could get a catalyst from what microsoft says, what google says and the like. >> we are 4% off the high for the s&p. goldman to say is that the market is still vulnerable. berkeley urges investors to fade any bounds and position for higher yields. it is the higher for longer that we were wondering when it was going to hit. maybe it started it last week. the market is trying to make some kind of statement over the last week perhaps. >> the march to 5% is interrupted by the moment. those comments, viewers, it is a question of degree. jason, you were saying, you can go down lower. 2% or 7%. if it is 2%, it is unwise to sell in anticipation of that. i cannot stress that point strongly enough. i will rephrase it on the other side, do you want to own stocks year? this economy is very strong. we are talking about higher for longer, it is the strength of the economy. profits are growing, that is the point that you just made. in the short-term, 10 year yields can go back up and that will freak the market out a little bit. i would not sell in anticipation of that. >> what do you make
i think we could get a catalyst from what microsoft says, what google says and the like. >> we are 4% off the high for the s&p. goldman to say is that the market is still vulnerable. berkeley urges investors to fade any bounds and position for higher yields. it is the higher for longer that we were wondering when it was going to hit. maybe it started it last week. the market is trying to make some kind of statement over the last week perhaps. >> the march to 5% is interrupted by...
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Apr 19, 2024
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but that is on the downside much like netflix and we would look for alphabet or google to ultimately discover support within the context of positive long-term momentum. >> you like alphabet better than apple? >> oh, yes. apple has a bit of a ouble top formation as you can imagine hello some key support right now and has been a laggard and the one good thing that is if they avoided confirmation of its breach of support which was 169 to 170, that would be a shakedown so that is something we are scrutinizing over the next week or so. >> let's move on. two tech plays fundamental and technical, but yours in the options area is anything but a tech play and i guess he could make it partly so. >> yes it is old-school tech and actually in the oil patch and if you look at getting exposure into earnings next week on a name that has a great chart it is exxon mobil's when you take a look at the stock it is breaking out here and there is a great opportunity to go out through september see you can get earnings exposure now and get another earnings exposure and get the peak driving season and then g
but that is on the downside much like netflix and we would look for alphabet or google to ultimately discover support within the context of positive long-term momentum. >> you like alphabet better than apple? >> oh, yes. apple has a bit of a ouble top formation as you can imagine hello some key support right now and has been a laggard and the one good thing that is if they avoided confirmation of its breach of support which was 169 to 170, that would be a shakedown so that is...
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Apr 24, 2024
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at least in mountain's business, is off to a nice start i think the same is happening with meta and google and others. so it's going to be an overall great quarter. i don't see anything that will slow that down >> their ad revenue, 25% year on year, total impressions and price per ad, that has been delivering very well so on all of the advertising metrics, this thing is hot as they come. >> yeah. you know, the thing about meta is all of the ads stem from meta if you go to tiktok, pintrest, they are staffed by people that have meta. they're very good at it. >> let's talk about today's news, and that is the potential that tiktok will be banned in the united states. i don't know whether that will happen there's a lot that needs to happen between now and that point. there will be legal challenges, potentially constitutional challenges but if it were to happen, would meta be the principal beneficiary? >> i think they would be one of the big beneficiaries, but it won't occur overnight. the way performance advertisers think, it's like managing a portfolio of marketing dollars and just like in the
at least in mountain's business, is off to a nice start i think the same is happening with meta and google and others. so it's going to be an overall great quarter. i don't see anything that will slow that down >> their ad revenue, 25% year on year, total impressions and price per ad, that has been delivering very well so on all of the advertising metrics, this thing is hot as they come. >> yeah. you know, the thing about meta is all of the ads stem from meta if you go to tiktok,...
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Apr 23, 2024
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large it's similar to what other companies have done, whether amazon and commerce, netflix and media, google and advertising. this is why investors have a hard time valuing these companies in the near-term ultimately they change the paradigm of the industry that they're going into. >> it's a very, very interesting point. i've said on this program many times, i am an owner of a tesla. and i'll talk to you about it forever if you would like. but this is a very interesting approach what they did was they offered existing owners a month-free trial of full self driving then they offered a sign you up for a subscription at $100 a month. that means that that company, which was going to get zero money out of me over the next 12 months might now get $1200 a year from me and $1200 from thousands of other drivers should they agree to sign up i really think that's a smart point, george, about the idea that this becomes a part subscription model >> that's exactly right. and it's a really important part of the story for existing vehicles and ultimately that robotaxi, and if you read the biography on elon
large it's similar to what other companies have done, whether amazon and commerce, netflix and media, google and advertising. this is why investors have a hard time valuing these companies in the near-term ultimately they change the paradigm of the industry that they're going into. >> it's a very, very interesting point. i've said on this program many times, i am an owner of a tesla. and i'll talk to you about it forever if you would like. but this is a very interesting approach what they...
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Apr 23, 2024
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lawmakers and the white house about issues including china and ai and other tech giants like xexxon, google, apple, spent millions lobbying the government in that quarter though that does match roughly their last quarter when you look at what they are lobbying on, it's the data privacy bills that has gained momentum with a new bipartisan bill seeking to give consumers more r data and requiring companies be more transparent with how they handle user data. tiktok also had a mayor quarter for lobbying, spending $2.68 million in the first quarter of 2024 and senators are about to take that first vote on the bill that would ban tiktok in the u.s. unless it divested from bytedance. >> there are two votes here, one is to table that tiktok motion, the other is to move forward with it, all part of the procedural stuff that goes on, on capitol hill all the time what can you tell us about that provision, that tiktok bill? and as i understand it, if the tiktok part of this goes down, the other parts, namely funding for ukraine, israel, and south china area, taiwan and so forth, that gets stalled as wel
lawmakers and the white house about issues including china and ai and other tech giants like xexxon, google, apple, spent millions lobbying the government in that quarter though that does match roughly their last quarter when you look at what they are lobbying on, it's the data privacy bills that has gained momentum with a new bipartisan bill seeking to give consumers more r data and requiring companies be more transparent with how they handle user data. tiktok also had a mayor quarter for...
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Apr 22, 2024
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if you google march 8 shares of marvell tech were selling off where the weaker old tech business couldn't be offset by the strength in the new optical pluming that is needed for accelerated exiting and generative ai. down by weakness networking and storage, which are a real downturn. there is no signs of those bottoming. at least not yet. confirmed by taiwan semi just last week. when we had marvell ceo matt murphy on the show just last week, he didn't sugarcoat it, although i got to tell you, he was justifiably proud of the linkage to nvidia. that day's shortfall from marvell along with broadcom's failure to do what super microwas supposed to do reiterating the forecast instead of raising reviewed the cause for a brutal day for all things tech, including n nvidia. but that's wrong too. forget marvell tech. march 8th was the day we got a stellar employment report. we created 275,000 jobs. we learned the economy is much, much hotter than expected. so the fed that has no reason to cut interest rates any time soon which is why the yields shot up. for me, that's why tech peaked a month and a h
if you google march 8 shares of marvell tech were selling off where the weaker old tech business couldn't be offset by the strength in the new optical pluming that is needed for accelerated exiting and generative ai. down by weakness networking and storage, which are a real downturn. there is no signs of those bottoming. at least not yet. confirmed by taiwan semi just last week. when we had marvell ceo matt murphy on the show just last week, he didn't sugarcoat it, although i got to tell you,...
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Apr 22, 2024
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you have meta partnered with google to power new investversion of the a.i. chatbot. it is using meta apps. meta's a.i. chief is teasing a better version coming soon. you have microsoft with the copilot sales. listen for those numbers there. and the azure cloud has reaccelerated lately. and alphabet is including a.i. researchers into the broader a.i. unit deep mind. next week starts off with amazon. not much consumer facing with a.i., but hosting a lot of a.i. activity just like microsoft. with apple, really not much of the a.i. story right now, but expecting that to come at the developers conference in june. more of the concern right now is the declining sales for apple, especially in china. shares are the only one in the group down 14% on the year. guys. a lot going on. >> what will happen with tesla this week? >> oh, man. >> do you have a view? >> for what? >> tesla. tesla. everybody is freaking out. >> i think phil put it nicely. will they ditch this model 2 for the robotaxi initiative? i remember elon musk saying there will be a million robotaxis next year and th
you have meta partnered with google to power new investversion of the a.i. chatbot. it is using meta apps. meta's a.i. chief is teasing a better version coming soon. you have microsoft with the copilot sales. listen for those numbers there. and the azure cloud has reaccelerated lately. and alphabet is including a.i. researchers into the broader a.i. unit deep mind. next week starts off with amazon. not much consumer facing with a.i., but hosting a lot of a.i. activity just like microsoft. with...
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Apr 19, 2024
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you can't get certain social media applications like facebook or google in china, but the third aspect i wanted to make sure you are aware of, if they simply refuse to sell. what and how would we take on the role of actual removal or degradation of the service in terms of all the provisions. so that's where i thought there may be escalation. >> answer that question. so let's say china says we're not selling tiktok so then you're going to have to call up apple and say take it out. the -- >> you'd see versions of the app stale and not capable of upgrade so that would kind of be the pragmatic view my hope and, again, this is posturing that this may be just -- if it's 51-49 there could be a deal and this may push a little bit more towards getting a deal, but, again, 80/20 rule is probably -- >> you don't believe they would call up apple or call up google and say, literally genuinely remove this app from every >> no, no, that's not -- that's not even what's envisioned basically, what's envisioned is a cease of support and maintenance. i don't want to be dramatic about it it would basically
you can't get certain social media applications like facebook or google in china, but the third aspect i wanted to make sure you are aware of, if they simply refuse to sell. what and how would we take on the role of actual removal or degradation of the service in terms of all the provisions. so that's where i thought there may be escalation. >> answer that question. so let's say china says we're not selling tiktok so then you're going to have to call up apple and say take it out. the --...
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Apr 25, 2024
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elon's 38% google 1% we own 1.25% partnerships charge 2 and 20 we charge 1% on the way to half a percent to carry reason for that, customer acquisition tool i want people to know we're doing them a favor a way i want to make sure all my mutual funds are -- customer acquisition for me i want them to know i want to be on all platforms for broker firms. what we're going for that. the opportunity, goldman sachs and morgan stanley think the internet opportunity is 1.2 trillion dollars in revenues a year elon thinks it 50% of those revenueses next 15 years for a company valuing today for $ $180 billion so excite d about this reading about sam altman doesn't get along with elon, of course think different from everyone else and everything you do makes everything you've done before just a footnote to what you're going to do next i think spacex has that opportunity. anyway -- >> mind-boggling you know, we can't even get our minds around what, the potential of cheap travel into -- you know, suborbit or even -- >> it's the internet you want equal distribution of wealth you have to have everything kn
elon's 38% google 1% we own 1.25% partnerships charge 2 and 20 we charge 1% on the way to half a percent to carry reason for that, customer acquisition tool i want people to know we're doing them a favor a way i want to make sure all my mutual funds are -- customer acquisition for me i want them to know i want to be on all platforms for broker firms. what we're going for that. the opportunity, goldman sachs and morgan stanley think the internet opportunity is 1.2 trillion dollars in revenues a...