After The AI Gold Rush with Guy Adami | Okay, Computer.

On The Tape

RiskReversal Media

News, Business, Investing, Business News

4.6 • 757 Ratings

🗓️ 10 July 2024

⏱️ 31 minutes

🔗️ Recording | iTunes | RSS

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Summary

Dan Nathan and Guy Adami discuss recent market trends, focusing on the NASDAQ's highs and the outperformance of semiconductor stocks, particularly NVIDIA. They also delve into enterprise software performance, with companies like Salesforce and Adobe dipping in the market. The conversation shifts to AI developments, highlighting Elon Musk’s moves with xAI and the competitive landscape involving OpenAI, Alphabet, and Anthropic. The guys touch on Apple's market cap surge post-WWDC and debates surrounding its valuation. Furthermore, they examine Tesla's stock performance and its AI-driven initiatives, despite recent struggles in the auto sector. Lastly, the duo analyze Meta and Alphabet's promising valuations and revenue growth potentials amidst the broader tech landscape. Further Reading Musk’s xAI and Oracle End Talks on a Server Deal (The Information) Elon’s Reply on X Roger McNamee on the AI bubble — View our show notes here Learn more about Current: current.com Listen to 'Strategic Alternatives': https://www.rbccm.com/en/gib/ma-inflection-points Email us at [email protected] with any feedback, suggestions, or questions for us to answer on the pod and follow us @OkayComputerPod. We’re on social: Follow @dee_bosa on Twitter Follow @GuyAdami on Twitter Follow us on Instagram @RiskReversalMedia Subscribe to our YouTube page

Transcript

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0:00.0	Welcome to OK Computer. I'm Dan Nathan. I'm joined by Guy Adami. Guy Adami would be my co-founder
0:07.8	at Risk Reversal Media. He's also my co-host of On the Tape podcast with Danny Moses and the Market
0:14.1	Call. And also, CBC's Fast Money. You're like the goat. You're like the original.
0:18.8	No, no, no, no. Just old. But it's You're like the original. No, no, no, there you go. No, just old.
0:22.4	But it's interesting. As the years pass by, you start to sort of reminisce. And I am old.
0:28.3	I mean, that's really what it comes down to. All right. Well, hang in there, buddy. I got your back
0:31.8	here a little bit. Let's talk about some stuff here. You and I have been talking on the market call a little bit about some of the dispersion we're seeing as the NASDAQ seemingly makes new all-time highs every day. Semis
0:43.2	continued to outperform, but software, which is definitely performed of late, it's had a very
0:49.0	big run on the enterprise side. All those gaps that we saw from some of these names in the SaaS space and
0:55.3	the like were filled in, right, after those Q1 reports and the Q2 guide and a lot of these stocks
1:00.2	made up a lot of ground. So we're going to hit that. We're also going to hit a little about
1:04.0	Apple and just the valuation and really what we've seen from a price standpoint since that
1:09.4	worldwide developers conference guide,
1:11.3	that was about a month ago. I think that was June 10th. The company has added hundreds
1:15.2	of billion dollars of market cap. And then let's just start with this. This was a headline
1:20.1	that just hit from the information, Musk's XAI and Oracle N-Tots on a server deal. So they're going
1:27.0	to contract with Oracle. This is XAI. This is Elon Musk's
1:30.6	large language model, the company that has basically been founded. And I just want to be really clear about
1:35.7	this. He was one of the founders of OpenAI. And he left that after a few years. He founded it with
1:40.7	$100 million. And there was a few others that were in their guy. He's not happy with what happened at OpenAI in the fall.
1:47.6	He starts XAI.
1:49.0	A few weeks ago, there was this headline that Tesla, his other company, or one of his other companies,
	...

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