Squawk on the Street "A" is for Alphabet and AMD Sliding, China vs. Apple, Uber CEO Exclusive 02/05/25
Feb 5, 2025
Dara Khosrowshahi, CEO of Uber, dives into the company's strong Q4 earnings, which surprisingly didn’t boost stock prices. He discusses the ambitious future of autonomous driving and Uber's innovative strategies aimed at public adoption. The conversation also touches on the broader tech landscape, including challenges faced by Alphabet and AMD, and the impact of trade tensions on tech giants like Apple. Khosrowshahi shares insights into Uber's strategies for handling increased demand during major events like the Super Bowl, highlighting the company's adaptability.
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AI Infrastructure Demand
- Alphabet's increased capex signals a higher demand for AI infrastructure than anticipated.
- This contradicts earlier predictions of reduced spending due to DeepSeek, suggesting potential overestimation of its impact.
GPU Market Dynamics
- AMD's data center revenue miss reveals their struggle to keep up with the current demand for GPUs.
- This reinforces NVIDIA's dominance, despite attempts to find alternatives or reduce reliance on them.
Uber's Growth
- Uber experienced growth acceleration, with increased gross bookings and trips.
- This was driven by a larger user base, demonstrating the platform's continued expansion.