CNBC's "Fast Money" Alphabet’s New AI Chip… And Rising Power Bills No Matter What Happens With Inflation 4/9/24
Apr 9, 2024
Discussion on Alphabet's new AI chip and its impact on the Cloud space. Insights on rising power bills regardless of inflation fight. Market reactions to upcoming CPI report and implications on different asset classes. Exploration of Google's aggressive stance in AI chip market and potential growth in tech sector.
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Google's Stock Surge
- Google's new AI chip is not the primary driver for its stock surge.
- The true catalyst will be successful launches of Gemini AI products demonstrating competitive strength.
Google's AI Advantage
- Google Cloud CEO Thomas Kurian asserts Google's advantage in AI stems from its full ecosystem approach.
- This includes developing its own models and integrating them into products, unlike Microsoft and Amazon.
Market Reactions
- Consider market reactions to economic data and inflation reports.
- Markets often rise with strong economic indicators and controlled inflation.