That's The Way Tech Goes, But Don’t Forget It Goes The Other Way Too | Okay, Computer.

RiskReversal Pod

RiskReversal Media

News, Business, Investing, Business News

4.6 • 757 Ratings

🗓️ 13 December 2023

⏱️ 26 minutes

🔗️ Recording | iTunes | RSS

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Summary

On this episode of “Okay, Computer.” Dan Nathan is joined by Deirdre Bosa of CNBC to discuss the big tech headlines of the week. Key Insights from the Pod: Oracle Sinking on Earnings (1:30) Whether the Big Tech Rally will Broaden in 2024 (5:15) Broadcom (9:15) Google’s Delayed Gemini Gains (12:00) Mag7 Stocks (16:00) Tech Regulation (Read: Google Loses Antitrust Case Brought by Epic Games) (18:15) The Private Tech Market (24:15) TechCrunch: Mistral AI, a Paris-based OpenAI rival, closed its $415 million funding round The Information: Some AI Startups Find the Money’s No Longer So Easy NYTimes: From Unicorns to Zombies: Tech Start-Ups Run Out of Time and Money -- View our show notes here Learn more about Ro body: ro.co/okay 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, joined by Dear Drubosa, CNBC's host of TechChic.
0:06.0	Debo, welcome back to the pod.
0:07.9	Hello, happy to be here again.
0:09.4	We got so much to cover here.
0:10.8	You think that we're like literally in almost the back half of the last month of the year, okay,
0:16.1	and we're still talking about earnings.
0:18.4	We had Oracle last night.
0:20.1	We have Adobe tomorrow night. We had a huge mover
0:23.3	in Broadcom over the last few days since it reported its earnings. And it just seems like there's
0:28.9	rotations abound. We have a NASDAQ 100 that's up nearly 50% on the year, which pretty remarkable
0:34.5	within 3% or so of the all-time high mate in late 2021, D.
0:39.6	It's funny, as we're speaking right now, I'm looking at an Oracle that is down 12% on the day
0:45.1	after a disappointing report and guide.
0:47.9	And there's obviously some issues going on relative to some of the peers in their cloud,
0:53.2	but really period over period, they're seeing a deceleration.
0:56.2	And this is the second quarter in a row.
0:58.4	And obviously the story in the stock market this year
1:01.9	is really the haves and the have-nots.
1:03.7	Those are playing catch-up and those who just have the goods
1:06.6	and it's been off to the races or so.
1:08.5	So I'm curious, when you see a stock like Oracle,
1:11.6	which about three months ago was trading at an all-time high,
	...

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