CNBC's "Fast Money" Alphabet’s Earnings Results… And The State Of The Presidential Race 10/29/24
Oct 29, 2024
Dia Drabosa, a financial journalist, shares insights on Alphabet's latest earnings, highlighting strong performance in advertising and AI's role in growth. Gene Munster, a Deepwater analyst, discusses the competitive AI landscape and regulatory challenges. Seema Modi provides a rundown of AMD's earnings, tying it to broader tech trends. Kate Rogers offers an analysis of Chipotle's mixed results against the backdrop of rising interest rates. The conversation also touches on the upcoming presidential race and its potential impacts on markets.
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Google's Q3 Performance
- Google's Q3 earnings show a sigh of relief for investors, with beats in core advertising, YouTube, and cloud revenue.
- This suggests the company is holding its own against AI competition, but the competition is expected to intensify.
CapEx and Legal Uncertainties
- Google's CapEx guidance is mostly in line with expectations, indicating potential stability in investment.
- Despite uncertainty surrounding legal situations, the overall earnings report is positive.
AI's Impact on Google Search
- Google's dominance in search, with over 90% market share, faces a potential headwind from AI-powered search engines.
- This marks the first time Google's search dominance has been seriously challenged.