Google shares rising on Meta potentially using Google TPUs in 2027, asks which is bigger - model improvements or chip deals
Andrew
Ron Josey
Model drives most of Google's business across search and cloud, excited about Gemini family of products
Asks about competitive moats in AI models given users switching between ChatGPT and Gemini
Andrew
Ron Josey
There's a bigger moat around these businesses with only several companies having size and scale for vertically integrated stack
Notes Google should have advantage due to user data from Gmail/Calendar but ChatGPT has performed better recently
Andrew
Ron Josey
Agrees it was Google's to take, they were surprised by competition, but now seeing query re-acceleration with AI overviews and Gemini
Asks about chip market implications and Nvidia stock decline on Google-Meta news
Andrew
Ron Josey
Demand side continues to grow significantly in chip market, believes demand can continue
Asks for ranking of Mag-7 companies covered from buy to sell
Andrew
Ron Josey
In shorter term, Google firing on all cylinders, Amazon trading at cheaper multiple than Google for first time, still like Meta quite a bit