00:00 Speaker A
Google crossing that 3 trillion dollar market cap uh figure. Does that does that excite you and when a company hits these big round numbers, what what’s the message there?
00:09 Tom
I mean, I I think it’s fun, right? It’s a nice headline. Congratulations to all the Google investors who hopefully are doing very well. I think the headline there is that the AI enthusiasm led rally continues, right? We we got a very favorable court ruling for Google and Apple last week, which helped continue this momentum, but it really was the the few weeks before that too. Oracle posted very strong backlog as we know, before that, Broadcom posted really good guidance. So the whole AI story still has legs and I don’t think there’s any reason that an investor should exclude Google from their AI tech basket. Yes, it’s not so much on the infrastructure side like a semiconductor company, but with Gemini and with the the advancements they’ve been able to make in optimizing search and advertising, I think Google belongs and I think this just tells us more broadly, tech is still the market leader until it isn’t.
01:21 Speaker A
Tom, you think Amazon’s next?
01:24 Tom
I do. I think that that the CAPEX boom we are seeing and this is really for investors, the key with AI is watching capital expenditures, which is the really fancy term for companies spending lots of money on investment in infrastructure and other things. The CAPEX boom is spreading throughout the economy. I think Amazon is in a great place with all their cloud infrastructure through AWS. I think they continue to be a winner.
01:53 Speaker A
Uh, is there another company, Tom, that could uh join Nvidia over a $4 trillion dollar market cap? Or at this point, I mean this is Nvidia’s territory, they should be isolated on on an island by themselves.
02:08 Tom
I think I think that’s fair enough. You know, certainly I would look to some of the other large cap tech companies like a Microsoft. Uh Apple is sort of an interesting candidate because they’ve been so late to the party but have recently rebounded. If all of a sudden people begin to believe there’s an AI story with Apple who has been very restrained in the AI race or restrained or unsuccessful depending on your opinion, then they can play catchup as well. But I think stick with these these mega cap tech stocks, the momentum is still in their favor and so are the facts.
