Big Tech earnings are rolling in and Alphabet just dropped a strong quarter, with search and cloud firing on all cylinders. Anthony and Piers unpack why fears of AI eating into Google’s ad machine are overblown (for now), and what a mind-bending $85 billion AI spend tells us about the battle for dominance.
Meanwhile, Tesla’s numbers paint a rougher picture. Revenue down, profits off a cliff, and EV incentives scrapped. But Musk’s betting big on robotaxis and he’s not alone. The guys break down the race between Tesla, Waymo, and Amazon’s Zoox for the future of driverless mobility.
Also in this episode: Trump’s new Japan trade pact sends Japanese automakers soaring, a look at how the carry trade could backfire on the US, and why meme stocks like Krispy Kreme are suddenly back in the spotlight.
(00:00) Intro
(03:07) Alphabet Earnings
(07:08) Google Cloud & AI
(09:26) $85B AI Spend
(14:29) Mag 7 Check-In
(16:53) Tesla Misses
(21:24) Musk’s Big Bets
(23:20) RoboTaxi Showdown
(28:39) Can Tesla Win?
(32:38) Trump’s Japan Deal
(36:54) Carry Trade Risk
(40:43) Meme Stocks Return
(46:23) WallStreetBets Redux
