Tag GOOGL
Elon Musk's xAI recently ended talks with Oracle (ORCL) for a potential $10 billion server deal to build out its infrastructure. As AI competition from Big Tech names like Alphabet (GOOG, GOOGL) and Microsoft (MSFT) heat up, can Musk's new company keep up or will it eclipse them entirely? Deepwater Asset Management managing partner Doug Clinton joins Asking for a Trend to discuss why he is invested in xAI and believes Musk has an interesting point of view when it comes to advocating for new tech ideas, like artificial intelligence. "I think you have to really have a deep respect for figuring out... the sciences, figuring out physics. And if you think about who in the world has done the most to figure out things, physical problems like we just talked about, it's Tesla, it's SpaceX, and it's Elon. And so I think he's probably in a different and more unique position than some of these other companies, like a Google, like an OpenAI, who are great in the digital space, but they're sort of amateurs in the physical space. I think that's where the real opportunity is for xAI." For more expert insight and the latest market action, click here to watch this full episode of Asking for a Trend. This post was written by Nicholas Jacobino...
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Alphabet announced a 20-cent cash dividend, expected to be paid quarterly. Read why this is a Hold-and-buy-the-dips call from me for GOOG stock...
Continue ReadingDuring Q2 2024, the ClearBridge Canadian Equity Strategy performed in line with its S&P/TSX benchmark. Click here to read the full commentary...
Continue ReadingRetirement strategies are not one-size-fits-all due to individual variables like nest egg size, lifestyle costs, and goals. Read more to see my thoughts...
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You know you've made it as a startup when the Big Tech companies start ripping you off. That appears to be the case with Retro, the popular photo-sharing app that's gained a following among those who appreciate the ability to share photos and videos more privately with friends and family. The company was recently caught off guard by a post on X (formerly Twitter), which offers a first look at a new Google Photos feature called "My Week." Unfortunately for Retro, the feature looks a lot like its...
Continue ReadingAlphyn Capital Management, an investment management firm, released its second-quarter 2024 investor letter. A copy of the letter can be downloaded here. The Master Account of the fund returned -2.7% net in the second quarter compared to 4.3% for the S&P500 Index. As of June 30, 2024, the top ten holdings accounted for approximately 66% […]...
Continue ReadingMarket Chatter: Google's Cloud Unit to Explore Options to Fight Against Microsoft's Licensing Practices...
Continue ReadingAlphabet has been a strong performer so far in 2024, but it could lead in the second half...
Continue ReadingApple and Microsoft end advisory roles on OpenAI’s board, investors wonder how Roaring Kitty took on GameStop and Chewy stakes, more news to start your day...
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