00:00 Speaker A
We’ll get Alphabet’s results this week. How important of a market mover do you think that report will be?
00:04 Speaker B
The market does continue to feel very healthy. Uh, going back to SpaceX, you know, I I would argue that the the sell off, uh, after the hype and euphoria kind of shows that the market is, you know, really digesting and and sifting through the what they believe are the winners and losers.
00:30 Speaker B
And, you know, Google has uh stalled out a little bit, but uh it’s definitely one of our favorite stocks. And uh so I think, you know, despite whatever this next earnings uh release uh brings, uh it’ll be important for the overall kind of barometer of the AI story.
00:54 Speaker B
uh in particular because Google is one of the most vertically integrated as far as, you know, not only their AI models, but they they produce a lot of their own chips as well. So, you know, I I think it will be a good indicator of of what to expect uh in the rest of the earning season for for tech.
01:13 Speaker B
When Oracle ran up uh to its to its highs, it was really based off of the same thing I just hit on, uh a lot of euphoria, uh and a lot of promises that that I saw as uh hard to fulfill.
01:34 Speaker B
uh in particular, I think the velocity and volatility around the stock comes because they do have so much debt. Uh, you know, probably not enough people talk about that, but you know, unlike uh a Google uh or Alphabet who is debt light, you know, Oracle, you know, they’re at a low triple B uh rated debt uh issuer
01:54 Speaker B
and have quite a bit of debt, so they just don’t have as many levers to pull either. Uh so yeah, it’s not a good story for for my from my point of view.
