CNBC's "Fast Money" Alphabet Reports Results… And Pharma Stocks Diverge In Weight Loss Drug Race 2/4/26
9 snips
Feb 4, 2026 
Mackenzie Cigalos, CNBC reporter who breaks down Alphabet’s quarterly numbers and conference call. Jared Holtz, Mizuho healthcare sector specialist who analyzes Eli Lilly and Novo Nordisk results. They cover Alphabet’s big CapEx guide tied to AI infrastructure and its market implications. They also unpack diverging trajectories in the weight‑loss drug race and what that means for pricing and strategy.
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CapEx Guide Confirms Infrastructure-Led AI Cycle
- Alphabet's massive CapEx guide signals a broad, early-stage AI infrastructure buildout that supports long-term growth.
- Gene Munster says this favors infrastructure and semiconductors while pressuring AI-exposed software revenues.
Take Chips Off The Table After Big Rallies
- Trim positions or sell calls on big winners that have become oversized after big moves.
- Carter Worth and Tim Seymour recommended taking profits or hedging on large Google stakes.
Infrastructure Growth Pressures Software Winners
- Heavy infrastructure spending enlarges the AI “brain,” increasing utility and crowding software providers.
- Gene Munster frames the move as negative for software and positive for hardware and cloud names.