Big Tech Bets on “Overinvesting”

Motley Fool Money

The Motley Fool

Business, Investing

4.4 • 3K Ratings

🗓️ 2 August 2024

⏱️ 40 minutes

🔗️ Recording | iTunes | RSS

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Summary

Amazon, Alphabet, Microsoft, and Meta are all spending a ton of money to build out cloud capabilities to fuel the next phase of AI growth. But the market isn’t sold on that spend yet. (00:21) Ron Gross and Matt Argersinger discuss: - Why recent job numbers dramatically boosted the likelihood of a rate cut in 2024. - Intel’s dividend cut, and what history has to say about companies that stop payments to shareholders. - Why Apple and Meta are holding up well during a tough earnings season for big tech. - Amazon, Microsoft, and Alphabet’s combined $45B in capital expenditures this quarter, and how investors should be thinking about this investment phase in AI. (31:41) Ron and Matt break down two stocks on their radar: Designer Brands and MercadoLibre. Stocks discussed: INTC, AAPL, META, AMZN, MSFT, GOOG, GOOGL, DBI, MELI Host: Dylan Lewis Guests: Ron Gross, Matt Argersinger Engineers: Dan Boyd Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	We've got the big macro, big tech, and some big declines in the market.
0:09.0	This week's Smotly Full Money Radio Show starts now. Everybody needs money.
0:27.0	money.
0:28.0	That's why they call it money.
0:30.0	The best things in a life are free. but you can give them to the press and
0:35.3	be the people. From pool global headquarters, this is Motley Fool Money.
0:40.4	It's the Motley Full Radio Show. I'm Dylan Lewis.
0:42.9	Joining me over the airwaves, Motley Fool's senior analysts,
0:45.5	Matt Argersinger, and Ron Gross.
0:47.8	Fool's, great to have you both here.
0:49.8	Dylan.
0:50.8	How are you doing, Dylan?
0:51.6	I'm doing all right.
0:52.6	We've got the latest updates on Big Tech,
0:55.2	a fun earnings week to talk through.
0:57.1	We've also got what's going on in Cloud Spend and AI Buildout,
1:00.7	and of course a look at stocks on our radar coming up later in the show.
1:04.8	We are going to kick off today though looking at the big macro.
1:08.2	We have fresh jobs data.
1:10.1	We have some updates from the Fed and where rates might be going.
1:14.0	Matt, where do you want to start?
1:15.9	Well, Dylan, let's, I'll take jobs for door number A.
	...

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