Bloomberg Surveillance Tech Earnings Wrap Up the Week; PCE Data
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Jan 31, 2025 Mandeep Singh, a Senior Tech Analyst for Bloomberg Intelligence, and Simona Mocuta, Chief Economist at State Street, dive into the latest tech earnings, highlighting Meta's stellar performance and its implications for the market. They discuss Google's advertising strategies amid legal challenges and the transformative impact of deep learning on the semiconductor and software sectors. Additionally, they tackle economic resilience following a surge in personal spending, political maneuvering in Washington, and even share lighthearted musings about avocado prices and guacamole culture.
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Google's Search Moat
- Google's advantage in search lies in its ability to monetize queries by leveraging data from its family of apps.
- This gives Google superior ad pricing compared to subscription-based LLM offerings.
DOJ Case Against Google
- A key risk for Google is the potential divestiture of Chrome by the Department of Justice.
- This action could significantly impact Google's Search Ad revenue due to the data Chrome provides.
Impact of DeepSeek
- DeepSeek's focus on efficiency may negatively impact chip makers reliant on scaling data centers.
- However, software companies integrating LLMs could benefit from cheaper technology and improved margins.