Big Tech's AI Spending Spree

Motley Fool Hidden Gems Investing

The Motley Fool

Investing, Business

4.3 • 3.1K Ratings

🗓️ 1 November 2024

⏱️ 39 minutes

🔗️ Recording | iTunes | RSS

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Summary

Amazon, Alphabet, and Microsoft are doing their part to drive $200B in AI-related capital expenditures for 2024. They’ll get some of that back in generative AI cloud workloads, but they’ve got a ways to go. (00:42) Bill Mann and Matt Argersinger discuss: - How AI demand is refueling cloud growth at Amazon and Alphabet, but why there’s still some reason to be concerned about the sustainability of that spend. - Apple continuing to run counter to the rest of big tech with their AI strategy and cap ex approach. - Reddit’s first-ever quarterly profit, Atlassian getting its mojo back, and why the red-hot weight loss market didn’t turn into great quarterly results for Eli Lilly. (19:02) Ahead of the 2024 election, David Gardner offers up his advice for how to keep calm with your portfolio and mindset while the news cycle turns next week. (34:37) Bill and Matt break down two stocks on their radar for very different reasons: eBay and Super Micro Computer. Stocks discussed: AMZN, GOOG, GOOGL, AAPL, RDDT, TEAM, LLY, EBAY, SMCI. Host: Dylan Lewis Guests: Bill Mann, Matt Argersinger, David Gardner Engineers: Rick Engdahl Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Big Tech keeps up its big spending.
0:06.8	Motleyful money starts now.
0:08.7	Everybody needs money.
0:19.9	That's why they call it money.
0:22.0	The best things in life are free,
0:25.2	but you can give them to the present bees.
0:28.6	From Fool Global Headquarters, this is Motley Fool Money.
0:32.3	It's the Motley Fool Money Radio show.
0:33.9	I'm Dylan Lewis.
0:34.9	Joining me over the airwaves, Motley Fool senior analyst Bill Mann and Matt
0:37.9	Argusinger, Fools. Great to have you both here.
0:40.7	Hey, Dylan. We've got some big earnings movers and earnings from big tech, your pre-election
0:46.5	investing pep talk, and of course, stocks on our radar. Fellows, a big time earnings week,
0:52.8	a little spoiled for choice here with Amazon, Google, Microsoft, Apple, meta, all reporting.
0:57.9	We are going to try to get to as many of those names as we can.
1:01.9	Why don't we start off with Amazon?
1:03.0	One of the biggest movers of the group shares up about 7% after earnings.
1:08.1	And Matt, just shy of a new all-time high. I was wondering about that. I saw
1:13.1	it was just over $200 a share and I was wondering if that was a new all-time high. So almost there.
1:18.6	So results were great. It's tempting to go right to Amazon Web Services when we talk about Amazon
1:23.4	these days. But I think the real reason, Dylan, that shares are higher is really about the
1:28.6	stores business. It's really about the core business. If you look, sales were up 9% in North America,
	...

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