Cramer's Morning Take: Alphabet 7/24/24

Squawk on the Street

CNBC

News, Investing, Business

4.1 • 567 Ratings

🗓️ 24 July 2024

⏱️ 4 minutes

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Summary

Jim and Jeff discuss the earnings report from this mega-cap tech stock. Become a CNBC Investing Club member to go behind the scenes with Jim Cramer and Jeff Marks as they talk candidly about the market’s biggest headlines. Signup here: cnbc.com/morningtake CNBC Investing Club Disclaimer

Transcript

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0:00.0	Hey, it's Kramer and this is my morning take on the market from today's
0:05.0	CNBC Investing Club morning meeting.
0:07.0	I do want to get to alphabet earnings because it's pretty important news of the day.
0:11.0	The quarter itself, pretty good, not a big beat.
0:15.0	Except for when it comes to cloud, which I think is very important.
0:18.0	It used to be the most important metric.
0:20.0	Yep. Quarterly revs, 10. Used to be the most important metric. Yep.
0:22.9	Quarterly revs, 10.35 billion.
0:23.5	That was a beat.
0:24.8	Solid operating compete.
0:27.8	Concerns about Google Ad, not shouldn't be there.
0:28.9	That was a beat as well.
0:32.7	Gen AI actually helping, not hurting from chat bots.
0:33.8	It's the visual search. Very important that search was not corrupted by chat, by the GPT.
0:38.3	Now, all that was washed away by a view that, you know what?
0:44.3	YouTube's saw it.
0:45.3	I have evidence in case.
0:46.3	That's not the case, but people are looking for something with the stock up this much.
0:50.3	People are saying, you know what, I'm going to ring the register.
0:53.3	I'm going to go into this small, medium-sized cap.
0:55.4	And maybe all the spend that people are doing on data center, maybe that's peaking, hence why
1:00.1	vertive is down. Hence why eat in this. Yeah. Although they do say cap-X was higher than expected,
	...

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