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May 10, 2023
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google's developer event is cooking off right now. investors want some reassurance about google's ai plans.l the b headlines as we get them >>> speaking of ai, it's helping shares of ba lingual so how are they using ai to its benefit? the ceo joins us alive >>> and with fresh signs that inflation is cooling and new data that spending on services is slowing, is the stage set for a fed pause in june? you know we'll debate that first, a look into the the markets. hi, dom. >> it is a debate in the markets and it's about the fed if you look at the markets right now, it's mixed. kind of flattish you look at the broader s&p 500. but the real story is about the trading range that we have seen today. some of the more encouraging parts of that cp ireport this morning did lead to a high of the day of around 35 points in terms of gain for the s&p 500. we've been down as low as seven. so we're losing momentum here. the range has been relatively wide in terms of up-to-down. 4116 is where the s&p 500 is right now. dow is 33,370 or thereabouts the na
google's developer event is cooking off right now. investors want some reassurance about google's ai plans.l the b headlines as we get them >>> speaking of ai, it's helping shares of ba lingual so how are they using ai to its benefit? the ceo joins us alive >>> and with fresh signs that inflation is cooling and new data that spending on services is slowing, is the stage set for a fed pause in june? you know we'll debate that first, a look into the the markets. hi, dom....
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May 10, 2023
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what about google here >> i think, kelly, this is a big opportunity for google and deirdre set it up really well, what was announced i want to emphasize this was huge news that google just came out with, and what was most significant was that search is going to be the starting point for their generative aye experience it's unclear going into this event whether they would try to separate out different chabots experiences with search so when i think about that question, which companies are going to benefit by that? it's going to be which companies are going to be able to harnes the power of their bases google has -- they announced today they have five different products with over 2 billion active monthly users facebook meta has 2 billion active monthly users, and they have five products over that this is a huge deal today, and i think it is really going to promote a debate about whether or not google is going to be a big beneficiary here i'm a believer deep water is an owner and investor of google based on what we think that they can do in ai, but, of course, this question about the te
what about google here >> i think, kelly, this is a big opportunity for google and deirdre set it up really well, what was announced i want to emphasize this was huge news that google just came out with, and what was most significant was that search is going to be the starting point for their generative aye experience it's unclear going into this event whether they would try to separate out different chabots experiences with search so when i think about that question, which companies are...
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May 11, 2023
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what does google do as their core business? they sell ads. and so i know that google is going to embed more of their ai to sell more ads and have me buy more stuff i don't want. microsoft can be a great company, but i think ultimately they're an ad company. microsoft, on the other hand, is going to embed it and everyone should get comfortable with the phrase co-pilot. microsoft's co-pilot is going to be going into microsoft office, it's in teams, and that is going to make me as an office user, as all of us so much more productive and i think that is where they are going to monetize this where we say maybe i don't need to use aws. maybe i want to switch to azure because the productivity is much more evident because my concern with both facebook and google is ultimately they're ai. i'm the product and i don't want that >> hey, bryn, can i just -- i just want to point out there are tens of millions of businesses and organizations that run google enterprise. my firm does not use microsoft it uses google, but we use office, we use d
what does google do as their core business? they sell ads. and so i know that google is going to embed more of their ai to sell more ads and have me buy more stuff i don't want. microsoft can be a great company, but i think ultimately they're an ad company. microsoft, on the other hand, is going to embed it and everyone should get comfortable with the phrase co-pilot. microsoft's co-pilot is going to be going into microsoft office, it's in teams, and that is going to make me as an office user,...
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May 10, 2023
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google has a lot to prove. one, it will have to win over developers this is where the real battle is taking place because they're the ones that will create the ecosystem that will bring in the users. it has to allay perhaps some of the investor skepticism that has arisen that maybe microsoft and chatgpt is gaining the lead despite google's many years, decades of investing in artificial intelligence. finally, scott, it will have to excite consumers chatgpt is part of the lexicon in a way that bard isn't and brad guester in will be looking for more pomp and circumstances around this event that is typically for developers but we knee ceo sundar pichai will take the stage. will he be able to be as enthusiastic, as exciting as nadella has been >> that's deirdre bosa out in mountain view, california. joe, let's talk about this they have a lot to prove to developers and investors like him. why he is not so high on that company. >> over the course of the last ten years really since their acquisition of deep mind in 201
google has a lot to prove. one, it will have to win over developers this is where the real battle is taking place because they're the ones that will create the ecosystem that will bring in the users. it has to allay perhaps some of the investor skepticism that has arisen that maybe microsoft and chatgpt is gaining the lead despite google's many years, decades of investing in artificial intelligence. finally, scott, it will have to excite consumers chatgpt is part of the lexicon in a way that...
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May 11, 2023
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big their data pools are i don't think google is behind i think google has been investing in machine learning and ai as long as anybody or longer than anybody else there's a couple big winners microsoft is one google is too. we had a month or two where the market forgot about google their annual developer conference, nothing more or less, you needed that to remind people of how well they implemented ai throughout their products and solutions i don't want to overstate yesterday. it was more of a reminder rather than breakthroughs >> ives say it was a lay up, not a three-pointer. do you disagree? >> i don't know about the lay up, three-pointer, whatever. i think they've been shooting ai baskets pretty well for a number of years i think that microsoft and -- what's brought all this out is chatgpt. we're all going to benefit from this the search experience is going to be better i don't think chatgpt 4 is going to be able to pay 20 bucks a month. i think you'll get a lot of equivalence in the search results. i think we'll have a better search experience. you talk about monetizing it i thi
big their data pools are i don't think google is behind i think google has been investing in machine learning and ai as long as anybody or longer than anybody else there's a couple big winners microsoft is one google is too. we had a month or two where the market forgot about google their annual developer conference, nothing more or less, you needed that to remind people of how well they implemented ai throughout their products and solutions i don't want to overstate yesterday. it was more of a...
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May 26, 2023
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how does google make money off that if google's chatbot is ethical, it's going to give me the correct result it will tell me which airline is the cheapest the airline that has that service has no reason to advertise on google. how do you monetize this it may be more difficult than people realize. >> we have to go, peter, but have you changed your odds that there's a 50/50 chance that humanity gets wiped out by ai? >> no. when we speak, shortly after, one of the great pioneers of ai, he said very much the same thing. my odds are still high maybe because my web cam is blurry and ai is trying to prevent me from spreading this message. >> if it can fix your web cam, then i'll say 50/50 odds it wipes out humanity peter, thank you >> thank you >>> much more to come on this "power lunch" special, the power of ai, including the search for the next big thing plus, the industry's being disrupted by ai and how that will change every day life as we know it from hollywood to to menu at youroc lal restaurant. this "power lunch" special continues after the break. ♪ jitterbug! ♪ [ giggles loudly
how does google make money off that if google's chatbot is ethical, it's going to give me the correct result it will tell me which airline is the cheapest the airline that has that service has no reason to advertise on google. how do you monetize this it may be more difficult than people realize. >> we have to go, peter, but have you changed your odds that there's a 50/50 chance that humanity gets wiped out by ai? >> no. when we speak, shortly after, one of the great pioneers of ai,...
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May 18, 2023
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and google could end up being a big loser. we'll look at why and who is best positioned to come out on top. and three more games getting ready to report. what to watch and how to trade before all that, get's let the latest on these markets and i guess it depends on where you are looking. >> the markets have been generally green, and they have hit the higher end of their recent trading range before backing off today. so as we take a look at the s&p 500, it is, again, 4170. so we're kind of testing the upper end of the range generally that we have seen over the last month, month and a half or so. so that was pretty good. now we have come off the session highs. up 28 points for s&p 500, down five at the low. so, again, still positive. kind of near the high-end of the trading range. we'll see if that sticks the dow industrials, down half of 1%. the nasdaq composite, the outperformer, up almost one full percent. one main reason, specifically in technology, check out what is happening in the nasdaq with some of the mega cap tech and
and google could end up being a big loser. we'll look at why and who is best positioned to come out on top. and three more games getting ready to report. what to watch and how to trade before all that, get's let the latest on these markets and i guess it depends on where you are looking. >> the markets have been generally green, and they have hit the higher end of their recent trading range before backing off today. so as we take a look at the s&p 500, it is, again, 4170. so we're...
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May 25, 2023
05/23
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we googled things. now the verb for search and discovery in the age of ai has become chatgpt unfortunately for them nobody is talking today about bard you're not telling your friends, your parents or grandparents, chatgpt is the lexicon in every boardroom and i think that's a breach of the distribution google is filled with incredible people, has incredible capabilities when it comes to ai the thing that generates 100% of their profits today an open architecture they search and retrieve information from is being disrupted in a major way i don't know how quickly that will occur they're going to have to back fill with ai as fast as that disruption occurs. compare that to somebody like nvidia, they don't have a dog in the search hunt. so they're a pure play really on what's going on in ai today. i think there have been execution errors by google we knew the capabilities they had. the real question is culturally and otherwise why did open ai get to market before them? many people left google to start compan
we googled things. now the verb for search and discovery in the age of ai has become chatgpt unfortunately for them nobody is talking today about bard you're not telling your friends, your parents or grandparents, chatgpt is the lexicon in every boardroom and i think that's a breach of the distribution google is filled with incredible people, has incredible capabilities when it comes to ai the thing that generates 100% of their profits today an open architecture they search and retrieve...
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May 11, 2023
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more on google's a.i. game plan when "fast money" returns. >>> get your trades to go with the "fast money" podcast catch us any time, anywhere. follow today on your favorite podcasting app we're back right after this. ve. (cecily) so you got an awesome network... (seth) and when i switched, i got to choose the phone i wanted. for free. not bragging. (cecily) you're bragging. (neighbor) oh, he's bragging. (seth) who, me? never. oh, excuse me. hello, your royal highness, sir... (cecily) okay, that's a brag. (seth) hey, mom. i gotta call you back. (vo) visit your verizon store during our spring savings event and choose the phone you want, like the incredible iphone 14, on us. verizon power e*trade's award-winning trading app makes trading easier. with its customizable options chain, easy-to-use tools and paper trading to help sharpen your skills, you can stay on top of the market from wherever you are. e*trade from morgan stanley. power e*trade's easy-to-use tools make complex trading less complicated. custom
more on google's a.i. game plan when "fast money" returns. >>> get your trades to go with the "fast money" podcast catch us any time, anywhere. follow today on your favorite podcasting app we're back right after this. ve. (cecily) so you got an awesome network... (seth) and when i switched, i got to choose the phone i wanted. for free. not bragging. (cecily) you're bragging. (neighbor) oh, he's bragging. (seth) who, me? never. oh, excuse me. hello, your royal...
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May 10, 2023
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first, google will have to excite developers. that's what it's all about, right? bernstein writes this morning that winning over developers is the real war and when you think back to the smartphone era, that's the case in point it was won by apple and google, because they were able to convince developers to build apps for its ecosystems and then the users followed second, google is going to have to easy investor's skepticism. you might remember that event in paris, the first real ai event a few months ago google lost some 8% on the day, billions in market cap so really gave the lead, at least in the zeitgeist, to microsoft and satya nadella and chatgpt. so it has to show investors today that it is not falling behind in this race. and three, google needs to excite consumers i don't know about you guys, but chatgpt has entered the lexicon. sometimes i get blank stares when i say the word barred, so it has to come out with something flashy and shiny satya nadel has been more excited and aggressive in promoting chatgpt. we'll see if sundar pichai can do similar things
first, google will have to excite developers. that's what it's all about, right? bernstein writes this morning that winning over developers is the real war and when you think back to the smartphone era, that's the case in point it was won by apple and google, because they were able to convince developers to build apps for its ecosystems and then the users followed second, google is going to have to easy investor's skepticism. you might remember that event in paris, the first real ai event a few...
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May 11, 2023
05/23
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i'm curious, why you chose google over microsoft? you're one of many startups looking to make a cloud deal, what should they be looking for in order to get the most bank for their buck, this is not cheap to do. >> well, yeah, i guess you just have to evaluate the bang and the buck, but, yeah, google is terrific like, you know, infrastructure is kind of grown up in tandem with all the great research that's come out of there, you know, we're very much know the technology stack and pretty great for the purpose so we're really looking forward to working with google, of course, you know, microsoft's doing great as well. >> here's what google cloud ceo had to say about monetizing some of his strategy. take a listen. >> when we look at a.i. we always say it's going to be driven by adoption of capability, if you look at google workspace, we introduced a.i. in 2015 and it's the reason that so many people use it today and we'll continue to introduce features and capabilities into these products and we're very confident as customers start using
i'm curious, why you chose google over microsoft? you're one of many startups looking to make a cloud deal, what should they be looking for in order to get the most bank for their buck, this is not cheap to do. >> well, yeah, i guess you just have to evaluate the bang and the buck, but, yeah, google is terrific like, you know, infrastructure is kind of grown up in tandem with all the great research that's come out of there, you know, we're very much know the technology stack and pretty...
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May 12, 2023
05/23
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we know the names -- apple, microsoft, google, amazon. we looked at each as baskets the total market cap of apple and microsoft, now $5 trillion versus amazon and google at 2 1/2. it's doubled if you look at the relationship, it's as wide as it's ever been the premise of the note is you want the fade apple and microsoft and be long google and amazon we have some charts. so here's the first one. this is a comparative chart, and you can see, two lines, very straight forward leader is a two-stock weighted basket, equal weighted of microsoft and google then lagger is apple and -- you're lookingt largest constituents plotted with the second largest hold the qqq as a constant if you do that, you see how much of a spread you have the premise is you want to be long the laggards here at this point amazon and google and fading the leaders, apple and microsoft. >> fascinating stuff carter you have been spot on with apple so we better pay attention we'll see you shortly on "options action. steve, what do you make of this note from carter >> can't arg
we know the names -- apple, microsoft, google, amazon. we looked at each as baskets the total market cap of apple and microsoft, now $5 trillion versus amazon and google at 2 1/2. it's doubled if you look at the relationship, it's as wide as it's ever been the premise of the note is you want the fade apple and microsoft and be long google and amazon we have some charts. so here's the first one. this is a comparative chart, and you can see, two lines, very straight forward leader is a two-stock...
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May 5, 2023
05/23
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that leaked google document, open source is the real winner, not microsoft or google, what would he say to that >> i think he would say he's making google dance. that's what he said couple of months -- a lot of people dancing now. chegg is dancing microsoft is trying to run we'll see. the race is just getting started. >> absolutely. >> stay story about getting pulled as the cricket bowler, pretty good college essay. jon fortt, thanks. >>> to seema mody for a cnbc news update. >> here is a news update at this hour we'll start in florida republicans have increased a budget for the office of election crimes and security the office championed by governor ron desantis was created as part of the state's ongoing election integrity efforts. democrats have criticized the office, most notably in august when it arrested 20 people on charges of being ineligible to vote after they cast ballots in the 2020 election. >>> the food and drug administration will review the first ever request to make a birth control pill available without a prescription next week if the request is approved, the medication
that leaked google document, open source is the real winner, not microsoft or google, what would he say to that >> i think he would say he's making google dance. that's what he said couple of months -- a lot of people dancing now. chegg is dancing microsoft is trying to run we'll see. the race is just getting started. >> absolutely. >> stay story about getting pulled as the cricket bowler, pretty good college essay. jon fortt, thanks. >>> to seema mody for a cnbc news...
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May 1, 2023
05/23
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going to have a chance on may 10th at their google io developer conference is sundar pichai going to be cautious or come out and make a splash in many think he'll make a splash. >> he doesn't mind google being second, but just come in in wen that far and pichai doing "6 minutes" warning about the ai dangers and turning to what else they might have on the table, i guess, deidre, he wrote the open letter to meta he has people's ear in the valley he has people's ear in tech, and you wonder if the response from google will be as humble as the respond from zuckerberg was. >> he's not the only person speaking like this he's disappointed that sundar pichai hasn't done more. sundar needs to do a little bit more that said, it is still extremely, extremely early and there are some things that senator pichai and alphabet is doing like bringing its deep mind into the fold, restructuring so that they can do more. so there's still time, there's still space and this is going to be a long runway for alphabet to catch up here and it is remarkable that we're saying catch up where it was thought to hav
going to have a chance on may 10th at their google io developer conference is sundar pichai going to be cautious or come out and make a splash in many think he'll make a splash. >> he doesn't mind google being second, but just come in in wen that far and pichai doing "6 minutes" warning about the ai dangers and turning to what else they might have on the table, i guess, deidre, he wrote the open letter to meta he has people's ear in the valley he has people's ear in tech, and...
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May 12, 2023
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google did this week show we have some of these products in the works. not saying when they'll be available. microsoft is in early stages of selling these products, but they're being used by customers right now. >> mike, with that in mind, there are certain trades that have been real stellar performers we talk about the almost doubling of meta platform shares is there a momentum trade to be had for technology and is ai the driver of it or is now the time to feel a little more like, hey, we had our run, let's rotate into other stuff or if a recession does come into play, if, do these big cap names become that safety train they have been? >> great question. starting with ai it's been a big driver this year in general these things tend to burn out after a while we're several months into it if there are significant news flow, you could see that continuing to drive momentum here alternatively i would fall back on what drove growth for all these companies before january it was a lot of multi-year growth drivers cloud computing, e-commerce. we have to ask what'
google did this week show we have some of these products in the works. not saying when they'll be available. microsoft is in early stages of selling these products, but they're being used by customers right now. >> mike, with that in mind, there are certain trades that have been real stellar performers we talk about the almost doubling of meta platform shares is there a momentum trade to be had for technology and is ai the driver of it or is now the time to feel a little more like, hey,...
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May 10, 2023
05/23
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pixie dust being sp spread around, google can't find any -- they found it today the yadidea that google has notg in a.i., that's absurd here they were proving some of that some of the things were interesting and fun some of them were kind of -- the forced clapping by all the developers there, when the fondue pizza, or the writing the children's -- >> what's fondue pizza >> it's a whole thing -- >> and why don't they serve that to us here >> they might. >> sounds good >> some of the things about the phone, i thought there was interesting elements and they tried to be mindful of the -- wanting to protect your privacy. so, one of the things that i found was interesting was this tracking -- we will tell you if you are a tracking device that is not yours on your phone >> oh. >> and also, i think apple was involved with that, as well. i thought that was interesting people are concerned about that. so -- and they had some goofy fun things with what you can do with the -- your background page, things like that, our your screensaver. and i thought they did a really good job, they showed they are
pixie dust being sp spread around, google can't find any -- they found it today the yadidea that google has notg in a.i., that's absurd here they were proving some of that some of the things were interesting and fun some of them were kind of -- the forced clapping by all the developers there, when the fondue pizza, or the writing the children's -- >> what's fondue pizza >> it's a whole thing -- >> and why don't they serve that to us here >> they might. >> sounds...
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May 15, 2023
05/23
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and the question is -- on google is less about the microsoft search market share war. i think they're going to win that on product. they have much more data, much more reach, they've got a lot of ai competency. the challenge and i think the concern that's going to remain sort of unanswerable for probably years to come is what happens when there's a behavior change and users are going through different avenues to find information where they used to use search technologies. that's going to be probably not -- it's not an existential risk to google, but it certainly introduces the potential for displacement in their core value proposition. >> but is google not a cost reduction story as well? if the street was so enamored with meta's cuts, why not so much with google, which we've seen efforts as well is it not the same scale >> they're in the estimates. so, we've seen, you know, a couple of rounds and the consensus has embedded that that's over basing our forward valuation is on something that's already, you know, priced in or modeled in, rather there's probably opportunity
and the question is -- on google is less about the microsoft search market share war. i think they're going to win that on product. they have much more data, much more reach, they've got a lot of ai competency. the challenge and i think the concern that's going to remain sort of unanswerable for probably years to come is what happens when there's a behavior change and users are going through different avenues to find information where they used to use search technologies. that's going to be...
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May 26, 2023
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it has not spun out multibillion dollar companies like google or microsoft. deep mine was the most successful company acquired by google tyears ago and out to american ownership semiconductor is interesting the uk hasn't not a tsmc or intel or a key supplier in that chip supply chain. it is looking at other areas at the moment as well chip design. it hasn't designed $1 billion pound package which pales in comparison with the u.s. i had a chance to catch up with the secretary of state for science innovation and technology to discuss a bit about the uk semiconductor strategy let's listen in. >> it is a different strand of technology that is the tone supporting what is strong in the economy and the taxpayer money to go further what i would point out is the prime minister came back from the g7 with a close partnership with japan which we twill go further faster that is the attention that needs to be on semiconductors, but shows britain is a part of that and playing a leading role with that with good partners like japan. >> you say you focus on the uk strength wit
it has not spun out multibillion dollar companies like google or microsoft. deep mine was the most successful company acquired by google tyears ago and out to american ownership semiconductor is interesting the uk hasn't not a tsmc or intel or a key supplier in that chip supply chain. it is looking at other areas at the moment as well chip design. it hasn't designed $1 billion pound package which pales in comparison with the u.s. i had a chance to catch up with the secretary of state for...
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May 9, 2023
05/23
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google is the underperformer amongst the big tech names amazon 27. apple, 32. tesla, 36. meta and nvidia up 100%. that for me is the opportunity keep that up google has seen four consecutive higher lows since its 52-week low, november of 2022. last week the stock's 50-day moving average broke above its 200 interday moving average, the stock above both the 50 an2023 i think a convincing break above 108 is meaningful and i think not a lot of selling pressure above that level it's not overbought yesterday. 60 or so 70 would be overbought this is, i think, a breakout in progress. an adverse market event might change that. all things considered this is the type of large cap stock and the timing i look for with a trade or investment. one other thing so jenny doesn't have a heart attack is that google is the cheapest among all of those stocks i just reeled off. this stock is at 24 p/e. i know it's not class ically cheap. the next closest are meta. the others are in the 30s, 40s and 50s in terms of price earnings i don't know what the trigger is they're doing a lot of the ai bund
google is the underperformer amongst the big tech names amazon 27. apple, 32. tesla, 36. meta and nvidia up 100%. that for me is the opportunity keep that up google has seen four consecutive higher lows since its 52-week low, november of 2022. last week the stock's 50-day moving average broke above its 200 interday moving average, the stock above both the 50 an2023 i think a convincing break above 108 is meaningful and i think not a lot of selling pressure above that level it's not overbought...
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May 9, 2023
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deal according to the wall street journal google will feature on the time platforms. that includes taking part in the google showcase feature. >>> and elon musk joining texas governor greg abbott and others yesterday breaking ground on the lithium refinery tesla plans to invest $375 million in the corpus christi site it is looking to secure lithium which is a key component in the electric batteries and tesla's home and scale batteries frank. >> pippa, thank you. >>> turning to washington and president biden holding a face-to-face with the top congressional leaders in the oval office as he looks to break the debt limit deadlock. those set to attend are mccarthy and representative jeffries among others this as janet yellen is warning ceos and financial leaders of a debt default and what it could mean for the businesses and economy. speaking with cnbc yesterday, she spelled out what is at stake. >> if we were to compromise the credit rating of the united states and even worse to default on the debt, i think it would have an adverse impact on the dollars used as a reserve
deal according to the wall street journal google will feature on the time platforms. that includes taking part in the google showcase feature. >>> and elon musk joining texas governor greg abbott and others yesterday breaking ground on the lithium refinery tesla plans to invest $375 million in the corpus christi site it is looking to secure lithium which is a key component in the electric batteries and tesla's home and scale batteries frank. >> pippa, thank you. >>>...
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May 11, 2023
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in the wake of google io yesterday. opening bell is coming up in a few moments, and don't forget, you can catch us any time, anywhere, just listen to and follow the "squawk on the street: opening bell" podcast. our customers don't do what they do for likes or followers. their path isn't for the casually curious. and that's what makes it matter the most when they find it. the exact thing that can change the world. some say it's what they were born to do... it's what they live to do... trinet serves small and medium sized businesses... so they can do more of what matters. benefits. payroll. compliance. trinet. people matter. ♪♪ choosing miracle-ear was a great decision. like when i decided to host family movie nights. miracle-ear made it easy. i just booked an appointment and a certified hearing care professional evaluated my hearing loss and helped me find the right device calibrated to my unique hearing needs. now i enjoy every moment. the quiet ones and the loud ones. make a sound decision. call 1-800 miracle now,
in the wake of google io yesterday. opening bell is coming up in a few moments, and don't forget, you can catch us any time, anywhere, just listen to and follow the "squawk on the street: opening bell" podcast. our customers don't do what they do for likes or followers. their path isn't for the casually curious. and that's what makes it matter the most when they find it. the exact thing that can change the world. some say it's what they were born to do... it's what they live to do......
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May 1, 2023
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brings a lot of goodness and also a lot of challenges i think google can help architect a responsible future, but we need them performing better than what i have seen over the course of a few years the bottom line is today i don't see a level of yurgency, and getting leaner and faster is required to compete with chat gdp. >> one of the highlights of the program today in addition to having you on is that joe terranova just rebalanced his etfs, and i will turn to him for a moment, too, because you added meta, okay i don't want to do the whole thing here but you bought meta and you bought other large cap tech, which we will get into later it was glaring that alphabet is not on your list >> no, it's not, and the yellow light is still there in terms of studying momentum, it has not recovered the magnitude that obviously meta did, and on the fundamental side, the balance side and the revenue growth, you have not seen the return there. i think brad has done a great job advocating for the changing dynamic in the market. what i am do something looking con constantly to see if there's a paradig
brings a lot of goodness and also a lot of challenges i think google can help architect a responsible future, but we need them performing better than what i have seen over the course of a few years the bottom line is today i don't see a level of yurgency, and getting leaner and faster is required to compete with chat gdp. >> one of the highlights of the program today in addition to having you on is that joe terranova just rebalanced his etfs, and i will turn to him for a moment, too,...
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May 18, 2023
05/23
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one is google. but i'm telling you, amazon probably is even more indispensable to me because of amazon prime and everything i can do and hook to it, including going to whole foods, including buying whatever i want, including watching tv, including listening to all kinds of radio stations on my amazon echo. >> i think those interactions will become a lot more natural using those natural large language models. you can have a conversation with your alexa about what it is you want to buy, what you want to do, without having to look at a screen. >> and amazon has been talking about this for ages since alexa first came on the scene. that's the ultimate vision, the star trek computer that can do everything for you they haven't really made much progress there. >> give us the last word and last thought on the stock price and where it can go from here. >> we still think stocks trending to 135 plus, huge move, outperformed every other name and large cap we covered this year even while microsoft had the attenti
one is google. but i'm telling you, amazon probably is even more indispensable to me because of amazon prime and everything i can do and hook to it, including going to whole foods, including buying whatever i want, including watching tv, including listening to all kinds of radio stations on my amazon echo. >> i think those interactions will become a lot more natural using those natural large language models. you can have a conversation with your alexa about what it is you want to buy,...
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May 1, 2023
05/23
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you look at google they had relatively slow growth in advertising of 1.8% that was in the 20% range in the previous comparative quarter now you see the growth in advertising with amazon. what is happening here maybe people who want to be close to the purchase inside google and now want to be closer to amazon. this is as good as it gets as close to that as possible on. move budgets to amazon amazon's ad business is a strength for years it hasn't been talked about enough, i don't think. i think this is starting to be strength on strength where amazon's business is snowballs once it moves, tech watches. >> alex, thank you great to see you >>> coming up on "worldwide exchange," opec surprise cuts take effect today. have traders priced it in or are more gains coming in the sector which is treading water? pippa stevens is here with the latest on that stick with "wex. what do you get from the morgan stanley client experience? listening more than talking, and a personalized plan ♪ to guide you through a changing world. ♪ go. go air that runs factory. go sensors and software. go find leaks.
you look at google they had relatively slow growth in advertising of 1.8% that was in the 20% range in the previous comparative quarter now you see the growth in advertising with amazon. what is happening here maybe people who want to be close to the purchase inside google and now want to be closer to amazon. this is as good as it gets as close to that as possible on. move budgets to amazon amazon's ad business is a strength for years it hasn't been talked about enough, i don't think. i think...
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May 16, 2023
05/23
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is an example the chips that operate in google's own environment yes, that's also happening on a parallel track, but there's a reason why nvidia is becoming as overowned and overhyped as it is as a long-term shareholder i don't wantto get rid of it jus because other people are excited. i didn't throw out big head todd and the monsters because they had a top ten hit song in the 1990s. okay, other people discovered them it's still cool. maybe i'll pull back, let them surge forward. this is what it means to be a long-term investor in a stock that gets discovered by the masses it's probably a harder time right now than when nobody wants nvidia which was the case 18 months ago now everyone wants it. it's hard to know, do you trim a little do you use options to reduce some of your potential risk? i'm in the process of making that decision right now. >> i have two questions then is it time for both of you, at the end of our table, to value investing bottoms up traditionalists to say, like steph was kind of alluding to, i need to maybe expand my horizons and also throw out some of the rules i've
is an example the chips that operate in google's own environment yes, that's also happening on a parallel track, but there's a reason why nvidia is becoming as overowned and overhyped as it is as a long-term shareholder i don't wantto get rid of it jus because other people are excited. i didn't throw out big head todd and the monsters because they had a top ten hit song in the 1990s. okay, other people discovered them it's still cool. maybe i'll pull back, let them surge forward. this is what...
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May 1, 2023
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today. >> but it's been more than today. >> google is like the 100th search engine. google didn't come public until 2004 we had huge search engines it's not that important. it never has been. google didn't enter the office products market until 15 years after microsoft had dominated it you can take a huge chunk of a business if you come in with the best product apple is living proof of that. they're never first. they didn't have the first smartphone, the first mp3. it's important for us today as talking heads. if we're investors in a stock, we want to feel like they're first. in the end it's important who makes money and who gets the dominant market share. it's so early that that's a misguided way to try to handicap what's going on. >> you made the case too that you think, general speaking, there's a bubble in ai some of the stocks you own and love got caught up with -- >> the second half is going to be wild. if we don't have a credit event, something like a crazy economic meltdown and we have an atmosphere where the fed is covering rates, we're going to have a wild
today. >> but it's been more than today. >> google is like the 100th search engine. google didn't come public until 2004 we had huge search engines it's not that important. it never has been. google didn't enter the office products market until 15 years after microsoft had dominated it you can take a huge chunk of a business if you come in with the best product apple is living proof of that. they're never first. they didn't have the first smartphone, the first mp3. it's important...
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May 11, 2023
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google delivered amid the a.i. arms race, it had something for investors and consumerconsumers. here is sundar pinchar >> we are making it helpful for people and businesses and communities and everyone we have been applying a.i. to make our products more helpful with generative a.i. and taking the next step with the bold approach to reimagine our core products >> reporter: the stock popped and google tshowed it doesn't kill search with a.i., but makes it better. that is what investors wanted to hear today it was search labs that stole the show and may have given google the edge for now over microsoft and chatgpt. deidra bossa, cnbc business news >> her last comment gets to the heart of the conversation in tech to what extent can google catch up with microsoft on how it is applying a.i. to consumer products no doubt that microsoft and open a.i. have done an exceptional job of branding and marketing with the feature which is well received so far in the first 24 hours. it is offering users a feature within search to request for questions and delivers a summary much like chatgpt. >>
google delivered amid the a.i. arms race, it had something for investors and consumerconsumers. here is sundar pinchar >> we are making it helpful for people and businesses and communities and everyone we have been applying a.i. to make our products more helpful with generative a.i. and taking the next step with the bold approach to reimagine our core products >> reporter: the stock popped and google tshowed it doesn't kill search with a.i., but makes it better. that is what...
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May 10, 2023
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deidre bosa has the biggest headlines from google's event. mike santoli, i begin with you the president is in the new york area he was upstate talking about the debt ceiling there's some suggestion he's showing a willingness to discuss possible budget restraints he said, america has the strongest economy in the world, but we should be cutting spending market may have moved a bit on those kmcomments we go to close, the dow fighting, but the s&p is nicely positive. >> around that and today's inflation numbers were consistent i see it just as a reason to turn the dial this much in the direction of maybe there's a way where this turns out in a benign fashion for a while. i think we got stuck in this mode of feeling as if it has to be a hard landing or soft landing. we have to know exactly. in reality there can be these equal moments where the fed isn't fighting you and the economy hasn't fallen apart and the market does what it does and you get excitement about ai over here and the banks don't go to zero tomorrow and you have a lot of give and ta
deidre bosa has the biggest headlines from google's event. mike santoli, i begin with you the president is in the new york area he was upstate talking about the debt ceiling there's some suggestion he's showing a willingness to discuss possible budget restraints he said, america has the strongest economy in the world, but we should be cutting spending market may have moved a bit on those kmcomments we go to close, the dow fighting, but the s&p is nicely positive. >> around that and...
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May 30, 2023
05/23
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when you have a thing with google, google gives you a long list of potential sources. this is going to give you one answer that sounds authoritative and yet has what they like to call hallucinations, basically just nonsense, made up things, and the point here is they could do really great work a.i. has enormous potential. the trick here is you need to change the incentives. you need everything to operate where the executives who are leading these projects have an incentive to protect the people who use it, to ensure that content produces accurate results, and neither of those things exist today until it does, until you see those things driving the industry, the products that they make are going to suck. >> you keep talking about use cases and come back to search and inaccuracy meta, another name that i know you love, but they're using it all the time writing code replacing jobs with a.i. i'm having a hard time following you on this argument about search, and yet from what i hear from so many different enterprises right now, they are incorporating generative a.i. into t
when you have a thing with google, google gives you a long list of potential sources. this is going to give you one answer that sounds authoritative and yet has what they like to call hallucinations, basically just nonsense, made up things, and the point here is they could do really great work a.i. has enormous potential. the trick here is you need to change the incentives. you need everything to operate where the executives who are leading these projects have an incentive to protect the people...
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May 23, 2023
05/23
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especially google, meta, develop in-house custom shares that can address a lot of the ai needs. so the good news is, this lets investors focus on what is important for broadcom >> sure. although the way the stock is behaving, it is becoming more appreciated. >> it's a company that is generating 50% free cash flow margins and raised its dividends at a 25% compounded rate >> why should. the market give it a 70 times forward multiple or whatever it's giving nvidia right now >> because it's a lot more diverse div diversediversified now that risk is out of the way, it helps investors refocus it's a lot more diversified name, there's a lot of software aspects, which i lowered growth for broadcom so i would classify it more as a large-cap value stock than this underappreciated growth driver >> we have to go a word about intel, anything there that you are excited about or is that story just a difficult one? >> yeah, i think intel we remain cautious they are exposed to the same large rising time. but semi conductors is a game of incumbency market shares only change when the incumbent mes
especially google, meta, develop in-house custom shares that can address a lot of the ai needs. so the good news is, this lets investors focus on what is important for broadcom >> sure. although the way the stock is behaving, it is becoming more appreciated. >> it's a company that is generating 50% free cash flow margins and raised its dividends at a 25% compounded rate >> why should. the market give it a 70 times forward multiple or whatever it's giving nvidia right now...
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May 4, 2023
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. >> you sold google you sole alphabet. is that reflective of that >> no, i spent time with brad gerstner and i've been thinking about it, you have a monopoly in google, right, 90% share, so microsoft brilliant coming out, it's not prime time ready, i listened to one of the founders of chatgpt, rolling out more and more products. so that's enough for advertisers in an already weak advertising market to say, you know what, we're not paying monopoly prices anymore because now we've got a legitimate contender, which is b bing so i think that will pressure google already and google has not launched products, so there aren't many -- there aren't many, you know, monopolies in tech that survive the test of time google is i think on borrowed time in that regard. >> well, i think if you have a portfolio of stocks and it's working for you, i think you continue to hold that. but -- >> how many people have that what does that mean? if you have a portfolio that's working for you? >> if you're sitting on -- >> nvidia. >> no, that's silly
. >> you sold google you sole alphabet. is that reflective of that >> no, i spent time with brad gerstner and i've been thinking about it, you have a monopoly in google, right, 90% share, so microsoft brilliant coming out, it's not prime time ready, i listened to one of the founders of chatgpt, rolling out more and more products. so that's enough for advertisers in an already weak advertising market to say, you know what, we're not paying monopoly prices anymore because now we've...
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May 9, 2023
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google may have a solution i'm saying don't write off google as an entity. right now everyone has i'm not saying this because -- >> -- they have lost a long-held lead. >> -- microsoft has the lead the stock will be at 50 -- if you believe this piece, then it's worth $50 if they double azure, that would be incredible. >> it's a significant piece. we should remind people bernstein is pure research. >> they don't do banking >> coming up, jim is going to give you a mad dash. >> trying to be a little contrary. >> yeah, well you can be wrong, too. >> we've got an opening bell let's give you another look at futures. >> when i sold strawberry ice cream -- [office sounds] ♪upbeat music♪ ♪♪ ♪when the day that lies ahead of me♪ ♪♪ ♪seems impossible to face♪ ♪a lovely day (lovely day)♪ ♪(lovely day) (lovely day)♪ ♪(lovely day)♪ a bank that knows your business grows your business. bmo. conventional thinking delivers conventional results. at allspring, we break away with purpose. harnessing data-driven insights and boundless curiosity. we d
google may have a solution i'm saying don't write off google as an entity. right now everyone has i'm not saying this because -- >> -- they have lost a long-held lead. >> -- microsoft has the lead the stock will be at 50 -- if you believe this piece, then it's worth $50 if they double azure, that would be incredible. >> it's a significant piece. we should remind people bernstein is pure research. >> they don't do banking >> coming up, jim is going to give you a mad...
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May 18, 2023
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the way that google and microsoft and the other companies are developing these technologies, like you said earlier, joe, they go gradually and then suddenly so fast, it's hard to say where this land. there's massive concern out there. the public doesn't understand what in these systems. >> can you speak -- the other component part of that interview is elon's comments about george soros. >> right. >> he said he 's called him a pro-semite >> what do you think. >> elon musk is not antisemitic. he has jewish friends. i'm not worried about that it's unmistakable that he's arguably the most influential man on the planet controlling what's essentially our public square, when he repeats conspiracy theories, still when he's a supervillain trying to destroy humidity, george soros, that's what's so dangerous >> a way to criticize george soros without raising the specter of being antisemitic. >> watch this. i think some of the support are bad for curbing crime. i think george soros support, got the nuclear deal on iran dead wrong i just did that. i don't think he's trying to erode civilization wh
the way that google and microsoft and the other companies are developing these technologies, like you said earlier, joe, they go gradually and then suddenly so fast, it's hard to say where this land. there's massive concern out there. the public doesn't understand what in these systems. >> can you speak -- the other component part of that interview is elon's comments about george soros. >> right. >> he said he 's called him a pro-semite >> what do you think. >>...
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May 10, 2023
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i want you to talk about it. >> google's been a great partner. and we're really working with them on generative voice ai and how do we create a better experience in our restaurants first and foremost for our employees. how do way get our employees better positioned to work on the grill, make great food, make it fast, accurate, get it out the door with a smile and really take out that slowest point in the order process, you know, ordering at the speaker box. and trying to make that more seamless, more frictionless, a lot less lost in translation so we can focus on adding value to the consumer to get them through the drive-through faster, and to do it with a smile and i'll tell you what, google has been a fabulous partner. we're going have a couple of restaurants and pilot here in june in the columbus area, and were going learn a lot first step on a lot of innovation, we get a lot of opportunities still ahead of us on digital menu boards, continue to push that hard too. you'll see a lot of other innovation to see how we drive the restaurant in the
i want you to talk about it. >> google's been a great partner. and we're really working with them on generative voice ai and how do we create a better experience in our restaurants first and foremost for our employees. how do way get our employees better positioned to work on the grill, make great food, make it fast, accurate, get it out the door with a smile and really take out that slowest point in the order process, you know, ordering at the speaker box. and trying to make that more...
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May 22, 2023
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there will be the next google-sized company, the next microsoft sized company. we don't know who they are yet we're hoping they're in our portfolio. but it's too early to tell so there will be brand-new behemoths, in addition to google, facebook and microsoft, who are already on the scene with ai technology, but there will be new companies that are even more creative and have more innovative solutions for artificial intelligence. then there will be smaller companies that the bigger companies come in and acquire. it will be a great boon to the technology industry and to the entire economy of the united states this is an area where the united states has an advantage, and we want to keep that advantage. and sam altman was in d.c. last week did a very good job at the senate hearing and it's awesome that the tech community and the lawmakers are communicating on a very constructive basis to allow this technology to flourish in the united states. ron, there's a lot more ground to cover, but we have to leave it to the next time. thank you so much. ron conway >>> coming
there will be the next google-sized company, the next microsoft sized company. we don't know who they are yet we're hoping they're in our portfolio. but it's too early to tell so there will be brand-new behemoths, in addition to google, facebook and microsoft, who are already on the scene with ai technology, but there will be new companies that are even more creative and have more innovative solutions for artificial intelligence. then there will be smaller companies that the bigger companies...
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May 31, 2023
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i like the implementers, amazon, google, microsoft, and the rest are important beneficiaries. a.i. can't help if their business turns against them. i recognize nvidia had its time which makes buying it appear very daunting but you could have said the same thing about the long-term runs at amazon, microsoft, google, apple, all names we've evened in the travel trust for ages as we moved up i was ridiculed for sticking with over valued stocks at times i didn't think it -- they did get a little hot, but i never lost faith in earning them for the long haul and i'm not going to lose faith in nvidia. will it go up another 100 points probably not even as ceo just issued guidance for the current quarter, there was $4 billion of positive expectations no, it was the biggest ever. like those other big tech winners that we own for the investment club, i think nvidia can be justified if you think out multiple years, not multiple minutes where you will be top ticking the stock cramer liked i'm not saying the whole a.i. group is in hype mode. i'm saying there isn't any group. companies whose prosp
i like the implementers, amazon, google, microsoft, and the rest are important beneficiaries. a.i. can't help if their business turns against them. i recognize nvidia had its time which makes buying it appear very daunting but you could have said the same thing about the long-term runs at amazon, microsoft, google, apple, all names we've evened in the travel trust for ages as we moved up i was ridiculed for sticking with over valued stocks at times i didn't think it -- they did get a little...
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May 16, 2023
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google is trying to wound microsoft in its office 365 product. and here, amazon, a.i., if anything, is likely to empower a lot of independent merchants to operate outside of amazon's platform and eat away at the logistics advantage they have in low cost delivery. by enabling drone delivery from outside vendors and really producing point to point mobility for people. in the meantime, you just mentioned tesla and elon musk, hey, you know, tesla has the largest deployed fleet of robots in the world if you look at amazon's robot fleet, they have roughly 3,000 robots per employee. tesla, if you look at their vehicles, they have 300,000 per employee in terms of deployed robots and so, i think there's interesting in other ways to play this. >> brett, thank you for your time appreciate it. dan? >> i think we're on the same page you look at that ark innovation etf, there's a bunch of garbage in there, there's stuff that's down on average, like, 75% from their all-time highs and all deemed to be innovative technology companies a couple years ago. i would a
google is trying to wound microsoft in its office 365 product. and here, amazon, a.i., if anything, is likely to empower a lot of independent merchants to operate outside of amazon's platform and eat away at the logistics advantage they have in low cost delivery. by enabling drone delivery from outside vendors and really producing point to point mobility for people. in the meantime, you just mentioned tesla and elon musk, hey, you know, tesla has the largest deployed fleet of robots in the...
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May 23, 2023
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now, overall if you're keeping score in the ai race between microsoft and google, microsoft is proving it's still ahead when it comes to actually shipping products though google did tease several upcoming ai products at its own developers conference a few weeks ago, guys. >> so bing uses chatgpt. >> we put some chatgpt in your bing and some bing in your chatgpt. >> is that what it is? they're going to have bing in their. >> it's all together they're calling these plug-ins basically the way i think is the easiest to think about it is they're ai apps. these third parties including bing can tie into this open ai technology that's partnered with microsoft and open ai. >> i'm a first-grader at this. what do i use bing for and what do i use chatgpt for in other words, one is purely a search engine. >> right >> the other is an ai-infused what search engine? >> exactly the way they're pitching -- so for the chat bot part of it, it's basically -- think of it as a tool to help you do something. i need to write an essay i need 20 come up with ideas for a kid's birthday party i need to go on a tri
now, overall if you're keeping score in the ai race between microsoft and google, microsoft is proving it's still ahead when it comes to actually shipping products though google did tease several upcoming ai products at its own developers conference a few weeks ago, guys. >> so bing uses chatgpt. >> we put some chatgpt in your bing and some bing in your chatgpt. >> is that what it is? they're going to have bing in their. >> it's all together they're calling these...
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May 18, 2023
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if you're google you want the real estates to yourself so it's unfortunate to have open a.i. there, but it is there. so there's a magnitude of pressure, it increases right now. >> you sold alphabet to get into meta, i'm wondering honestly, when you did that a.i. wasn't part of the conversation but now that it is, why can't you own both >> i think you can i would prefer microsoft to be honest with you. >> why can't you own all three >> you probably could. 7% of my portfolio is meta i think microsoft has a lot of ways to win. i know we're talking about a.i. but not even talking about the -- say the pc market is troughing and you see upside then numbers from the old line businesses that we know about microsoft can actually contribute so kind of what i want to do is have diversification have a.i. exposure but have other stuff. you can say that about alphabet for sure i feel like microsoft is probably the better of the two. >> what do you make of joe's suggestion that these stocks are trading at what he said was growth at a reasonable price >> some are, some aren't nvidia is not g
if you're google you want the real estates to yourself so it's unfortunate to have open a.i. there, but it is there. so there's a magnitude of pressure, it increases right now. >> you sold alphabet to get into meta, i'm wondering honestly, when you did that a.i. wasn't part of the conversation but now that it is, why can't you own both >> i think you can i would prefer microsoft to be honest with you. >> why can't you own all three >> you probably could. 7% of my...
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May 24, 2023
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base we're talking amazon, microsoft, and google can i ask you, what solution would you like to see done, and why do this now? i fwleev july it could have also addressed this. >> so this has been a long-standing issue. under eu protection data law dating back to the dating direct active, it's specifically prohibitive to transfer data to persons out of the eu unless it's to a herd country that ensures what is called an equivalent level of protection the issues have been running a long time. they came into sharp relief with the cles dysclose yours back in 2013 really since that time, income, my office has been investigating these issues there's been various pieces of litigation and legal proceedings that have happened in the intervenes period. but of real significant was a justice from the court, europe's highest court in july 2020 that struck down an agreement between the eu and u.s. calls the privacy shield which also really spelled out that any of the mechanisms, companies were routinely using incluesing contracts that facebook was using that none of those were sufficient to compensate
base we're talking amazon, microsoft, and google can i ask you, what solution would you like to see done, and why do this now? i fwleev july it could have also addressed this. >> so this has been a long-standing issue. under eu protection data law dating back to the dating direct active, it's specifically prohibitive to transfer data to persons out of the eu unless it's to a herd country that ensures what is called an equivalent level of protection the issues have been running a long...
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May 1, 2023
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they are considered about them coming back and taking share from google. along with the advertising business, and a recent lawsuit fired by the justice contempt. i think the lawsuit has merit. any share loss will be shared negativitily here. this quarter was a blockbuster meta rallied 138% from the november lows, whoo, going in the quarter, the stocks tacked on 14% gain last thursday. normally, it's hard for the stocks to rally when expectations are already high. but meta's case they. >> reporter: not any where near high enough as i told you. mark zuckerberg delivered an earnings report. in the last few months, he laid off roughly a quarter of the work force it's flowing through the profitability, and it's going to have a larger impact going forward, once they get through the generous severance packages. they were indeed very generous and something they think is miraculous, it wasn't hurt the business the user counts were up gigantically they squeezed out revenue growth that with encouraging numbers, and the same time, they had great sales in the current q
they are considered about them coming back and taking share from google. along with the advertising business, and a recent lawsuit fired by the justice contempt. i think the lawsuit has merit. any share loss will be shared negativitily here. this quarter was a blockbuster meta rallied 138% from the november lows, whoo, going in the quarter, the stocks tacked on 14% gain last thursday. normally, it's hard for the stocks to rally when expectations are already high. but meta's case they. >>...
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May 16, 2023
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>> i think it's very difficult for example, if you just look at the case of google, not only is google going to provide tools that allow people to create ai-based content, they also have to care for how that product is distributed in their own content, whether youtube video or search, and they also have the problem i mentioned before, they have to police developers using these tools to third-party apis or cloud services so, you know, i think for some of these larger enterprises, it's going to be more than just the content angle and what content is created whether that's misinformation or being used by bad actors there's going to be a variety of different fronts they have to address this and these tools and technologies on. >> meanwhile, rob, nadella spoke to andrew ross sorkin and argued the design choices their making are moving net-net in the right direction. he points out sort of why that's calling it co-pilot and not autopilot and it's a cooperative existence with these machines. is that legitimate messaging >> look, based on where these tools are right now, i don't think you can t
>> i think it's very difficult for example, if you just look at the case of google, not only is google going to provide tools that allow people to create ai-based content, they also have to care for how that product is distributed in their own content, whether youtube video or search, and they also have the problem i mentioned before, they have to police developers using these tools to third-party apis or cloud services so, you know, i think for some of these larger enterprises, it's...
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May 24, 2023
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the same thing with google you have to take some of the profits when valuation matters going forward. >> kari, every day we have seemingly more calls on mega cap tech that remain positive. mizuho calls amazon a top second half pick and raised price target to 160 and the list goes on and on and on meta, high conviction call list. you own meta you've witnessed and enjoyed the same gains sarat has are you thinking along the same lines of taking some profits risk management? >> we've done sought risk management, not on meta. unanimity is the curse for the market when everybody agrees, you have to start looking the other way it makes us nervous when one report after another comes out that super bullish, big, strong conviction, solid growth i read the note and thought to myself, hmm, where is the point we start trimming? it's 14 times next year's numbers and we think there is more room to go. it's a big position for us >> i think that trimming nvidia is prudent amd is up on speculation of an ai chip that will compete with nvidia analysis is it's a brilliant trade. numbers are pretty interes
the same thing with google you have to take some of the profits when valuation matters going forward. >> kari, every day we have seemingly more calls on mega cap tech that remain positive. mizuho calls amazon a top second half pick and raised price target to 160 and the list goes on and on and on meta, high conviction call list. you own meta you've witnessed and enjoyed the same gains sarat has are you thinking along the same lines of taking some profits risk management? >> we've...
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May 15, 2023
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the firm says it's worried about google's a.i. prospects after it laid out plans to ramp up its chatgpt rival bared. here with our trades ari, oppenheimer managing director. what's your take on alphabet >> the technical trends are going the opposite way as far as versus that downgrade that they are still favorable. generally speaking underlying market trends right here are pointing growth over value than defense over offense and i think these growth stocks still stand to lift the market higher over the coming months. looking at alphabet the stock h has lagged through this recovery and i think last week's strength was confirmation of the turn that marked a meaningful breakout in trend, buying weakness down to the breakout level around 109 and the upside $130 over the coming months where the stock started to break down when this got started selling in the first part of 2022. >> had a great week. let's talk about -- we don't rarely mention, the shares up 3% after deutsche bank upgraded them to a buy, i believe they're basically sayin
the firm says it's worried about google's a.i. prospects after it laid out plans to ramp up its chatgpt rival bared. here with our trades ari, oppenheimer managing director. what's your take on alphabet >> the technical trends are going the opposite way as far as versus that downgrade that they are still favorable. generally speaking underlying market trends right here are pointing growth over value than defense over offense and i think these growth stocks still stand to lift the market...
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May 23, 2023
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google coming in and eating its lunch when it comes to restaurant reviews and recommendations but yelp, and this is what tcs allows for as well, has done a good job in transforming itself and pivoting to the home services market. eu you're just not seeing that reflected in the stock performance. >> deirdre, thank you. deirdre bosa out west. >>> from wall street to the east coast, our own cnbc summit, everyone is buzzing about ai this morning we've got some new headlines for you next >>> and then take a look at zoom video, falling more than 7% on the back of earnings, down almost 8%. the company reporting numbers that beat estimates, but the guidance for the enterprise division in particular softer than expected. here is what the cfo had to say about the quarter earlier on "squawk box. >> we beat on both the top line and the bottom line, and we raised our fy-2024 outlook for revenue as well as our profit targets, this was largely due to very strong performance in the online segment of our business, we've been focused on getting it stabilized and that occurred earlier than we expected
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May 18, 2023
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and abroad we turn to a series of stocks that might respond like meta, like snap, even apple and google by the way, as for meta, anniversary of the ipo, as we mentioned earlier. and citi does make it a top pick, visibility across the internet space is getting better and advertising is normalizing we know the tail winds reels has had. we'll see if it catches steam. >>> we're also watching the rally today, and it's building at least in terms of momentum, and it's not just big tech we're seeing highs in some other names as well. >> ge, mastercard, and then oracle, microsoft, nvidia. i think i saw darden in there as well, take two a pretty nice rounded group of 52-week highs. we'll talk soon maybe about whether 4200 is a ceiling again for the bulls. can they manage to crack that? >> pain trade seems to be higher with the bearish sentiment and positioning. we'll get more reads on the consumer all weeklong. we had walmart today which was good tomorrow footlocker will be out. we'll speak to ceo mary dillon on this show on earnings that stock is up 11% this year, considered a turnaround under h
and abroad we turn to a series of stocks that might respond like meta, like snap, even apple and google by the way, as for meta, anniversary of the ipo, as we mentioned earlier. and citi does make it a top pick, visibility across the internet space is getting better and advertising is normalizing we know the tail winds reels has had. we'll see if it catches steam. >>> we're also watching the rally today, and it's building at least in terms of momentum, and it's not just big tech we're...
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May 11, 2023
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software, including google's search engine will read it and display a warning to users google will provide this to improve deception. >>> when we come back, more inflation data on the way this morning. we get you ready for the producer price numbers at 8:30 we will talk about that next. >>> through the month of may, cnbc is celebrating asian american and pacific islander heritage month here's citi private bank global head ida liu. >> it is really important for allies and those not in the asian community to understand the values and culture believes of asians. for example, we're brought up to be humble and modest and not tout our accomplishments and work hard and keep our heads down and be quiet and not booas or brag. those are the opposite things for corporate america. that is half the battle to understand more about the asian heritage and culture >> announcer: executive edge is sponsored by at&t business at&t 5g is fast, reliable and secure bark-ery. oh, i can tell business is going through the “woof”. but seriously we need a reliable way to help keep everyone connected from wherever
software, including google's search engine will read it and display a warning to users google will provide this to improve deception. >>> when we come back, more inflation data on the way this morning. we get you ready for the producer price numbers at 8:30 we will talk about that next. >>> through the month of may, cnbc is celebrating asian american and pacific islander heritage month here's citi private bank global head ida liu. >> it is really important for allies and...
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May 24, 2023
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i think google got off to a slow start. they had high level, we're an a.i. company, it's an a.i. year. they just didn't double and triple down in the most important areas of a.i and the urgency is, when larry and sergei come back, everything changes and i expect them to deeply accelerate. >> do you feel the level of urgency is already reflected in what they're doing or you're expecting it to come >> they're working on a series of technologies, i'm lucky enough to know what many are that a year from now or in davos, we'll talk how successful those google a.i. technologies are. >> you said don't bet gagainst mark zuckerberg. >> correct. >> but you were bearish on facebook a few months ago when i talked to you. but ypeople are excited about i right now? is that justified or are you still nervous about the path forward there? >> i like the path forward now since we spoke, sara, the big concern for me was the business model and they had hired, like google and others, in a crazy fashion. when i first met mark, he was 20 not yet 21 and in that first week of discussions, i asked him, wha
i think google got off to a slow start. they had high level, we're an a.i. company, it's an a.i. year. they just didn't double and triple down in the most important areas of a.i and the urgency is, when larry and sergei come back, everything changes and i expect them to deeply accelerate. >> do you feel the level of urgency is already reflected in what they're doing or you're expecting it to come >> they're working on a series of technologies, i'm lucky enough to know what many are...
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May 19, 2023
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if it's not just microsoft and nvidia, how does google benefit? sale salesforce, and i think others -- there's going to be losers too that's what everyone is trying to figure out in terms of this ai field >> i remember way back when, watching documentaries and television, news programs called, you know, the new gold rush same kind of stuff you're talking about relative to the internet is how people are referring to ai now. i get it i think everybody kind of gets it, but does that necessarily justify these near-term moves and some of the valuations that we now have in some of these stocks >> i think for some it does. i think microsoft is a good example where if they can really moneyize ai relative to cloud, they have a 4 in front of it, and they alter some of the parts. others, they obviously have to prove it, but i think that's why right now i don't believe it's hype because i do believe the monetization theme is probably as real as anything i've seen since the late '90s. >> thanks. that's dan ives joining us here. >>> up next, the former federal
if it's not just microsoft and nvidia, how does google benefit? sale salesforce, and i think others -- there's going to be losers too that's what everyone is trying to figure out in terms of this ai field >> i remember way back when, watching documentaries and television, news programs called, you know, the new gold rush same kind of stuff you're talking about relative to the internet is how people are referring to ai now. i get it i think everybody kind of gets it, but does that...
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May 17, 2023
05/23
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source system because they have to protect it if you have a close source system from a microsoft or google, they could have access to that information. this is going to be negotiated, open ai, despite its name, is close source and said they would look at being open source but there are younger companies, incumbents that are trying to be open source. again, you get back to that question, though, do they have the money to actually run these models, because it takes so much in terms of computing power and chips. so that will be a key question how can you make it possible to be open sourced if that's going to protect privacy best if it requires billions of dollars in cloud computing. >> dee, thanks for that. a conversation we'll have a lot more of. deirdre bosa, thanks >>> wall street buzzing about work from home as black rock and on&t call folks back el musk has some interesting words to say about it as well. from big cities, to small towns, and on main streets across the us, you'll find pnc bank. helping businesses both large and small, communities and the people who live and work there grow
source system because they have to protect it if you have a close source system from a microsoft or google, they could have access to that information. this is going to be negotiated, open ai, despite its name, is close source and said they would look at being open source but there are younger companies, incumbents that are trying to be open source. again, you get back to that question, though, do they have the money to actually run these models, because it takes so much in terms of computing...