Bloomberg Surveillance Tech Earnings Wrap Up the Week; PCE Data
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Jan 31, 2025 Mandeep Singh, a Senior Tech Analyst for Bloomberg Intelligence, and Simona Mocuta, Chief Economist at State Street, dive into the latest tech earnings, highlighting Meta's stellar performance and its implications for the market. They discuss Google's advertising strategies amid legal challenges and the transformative impact of deep learning on the semiconductor and software sectors. Additionally, they tackle economic resilience following a surge in personal spending, political maneuvering in Washington, and even share lighthearted musings about avocado prices and guacamole culture.
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Meta's CapEx Strategy
- Meta's strong performance is attributed to their dominance in social media advertising and increased investment in CapEx.
- This strategy contrasts with Microsoft, which hinted at reducing CapEx spending.
Reality Labs: Make or Break
- Mark Zuckerberg considers 2025 a make-or-break year for Reality Labs, signaling an end to its recurring losses.
- This suggests Meta will either see a return on its $20 billion investment or cease further investment.
Google's Search Moat
- Google's advantage in search lies in its ability to monetize queries by leveraging data from its family of apps.
- This gives Google superior ad pricing compared to subscription-based LLM offerings.