AMD vs. INTEL Stock‼️ We Have a BIG SITUATION — Transcript

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1. 0:00Speaking about companies that are not
2. 0:02weak, and that's AMD, right? AMD, so
3. 0:05let's talk about this one, $1,000, how
4. 0:06do we get there, okay? So, listen. First
5. 0:10off,
6. 0:11this stock is a long way from $1,000,
7. 0:13okay? As of right now, it's 500
8. 0:15something, right? But, I actually think
9. 0:17there's a decent probability the stock
10. 0:18goes to 1,000 within the next 6 months.
11. 0:22And so, how does that even happen,
12. 0:23right? Like like how how do I even in a
13. 0:26thought for First off, am I even going
14. 0:27to place any bets on this? Listen.
15. 0:30No. No, I'm not going to be like, "Oh,
16. 0:32I'm going to go." I already have several
17. 0:33million dollars invested in AMD. 0%
18. 0:37interest in me going and saying,
19. 0:40you know, I'm going to go ahead and um
20. 0:42buy short-term call options or something
21. 0:44like that, like or invest extra money
22. 0:46because I think it's going to go to
23. 0:481,000 and, you know, it's got a decent
24. 0:50potential to go to 1,000 in the next 6
25. 0:51months. No, thank you. I'm good. Thank
26. 0:54you very much. But,
27. 0:56I think it actually has a decent chance
28. 0:58of getting up there. And here's why,
29. 1:00okay? And I know that sounds crazy at
30. 1:02first cuz it's like it's so far away,
31. 1:04right?
32. 1:05One, I believe there's going to be
33. 1:07another bull run that happens in the
34. 1:08semiconductor stocks, right? So, I
35. 1:10believe AMD's going to benefit the most
36. 1:12from this next bull run, but the death
37. 1:15of the all the semiconductor stocks has
38. 1:17been greatly exaggerated, okay?
39. 1:19These stocks have at least one to three
40. 1:23more bull runs before this cycle comes
41. 1:26to a conclusion, in my personal opinion.
42. 1:29So, what do I mean by cycle coming to a
43. 1:31conclusion? I mean we have the last
44. 1:34hurrah where it's like, "Okay,
45. 1:37the CapEx numbers are going to start
46. 1:38slowing down big time,
47. 1:40or maybe even going down, right?" That
48. 1:43still is two to three years away, okay?
49. 1:47And so,
50. 1:49in between now and when that day comes,
51. 1:52I think we can have minimum one to
52. 1:54potentially three more bull cycles in
53. 1:57the semiconductors, where those stocks
54. 1:59will have major momentum for a 3 to 6
55. 2:01month span in just repper rallies where
56. 2:04everybody's like, "Whoa, the
57. 2:05semiconductor stocks are all hot again,
58. 2:07right?" So, I believe the next cycle
59. 2:09starts probably November, goes to about
60. 2:12April, roughly, right? Now, there's
61. 2:14always a risk you could get a you could
62. 2:16get a 2018 where the market just
63. 2:18downtrends October, November, December,
64. 2:20right? Uh that's not my base case, but
65. 2:22that is something I'm mentally preparing
66. 2:23everybody for just in case it happens.
67. 2:25But, the higher probability is that it
68. 2:27doesn't happen. And so, since that's the
69. 2:29higher probability, market probably
70. 2:30rolls November, December in into Q1, at
71. 2:33least when it comes to semiconductors.
72. 2:35Remember, we're going to get everybody's
73. 2:36CapEx numbers. These companies
74. 2:38are spending everything they got coming
75. 2:40in, plus taking out debt, issuing
76. 2:42capital.
77. 2:43They got the money, at least in the
78. 2:45short term. I don't know if they got the
79. 2:46money to They're not going to have the
80. 2:47money to keep upping these numbers in a
81. 2:49crazy way
82. 2:512 years from now and 3 years from now,
83. 2:52but they certainly got it for at least
84. 2:54the next 1 to 2, okay? And so,
85. 2:57Anthropic's about to raise a bunch of
86. 2:59money. They might raise 100 billion or
87. 3:01something like that. They're going to
88. 3:02have that around plus what they already
89. 3:04have. OpenAI, obviously, is going to
90. 3:06probably IPO within the next 6 months.
91. 3:08They'll be flushed with money. SpaceX,
92. 3:10we know what they're spending. Meta, we
93. 3:12know they're spending every dime they
94. 3:13got coming in, which that's a lot of
95. 3:15money. And they're going to be taking
96. 3:16out debt or issuing shares for that. We
97. 3:18know that. Amazon spends
98. 3:21Amazon makes so much money and they're
99. 3:22spending every dime they got coming in,
100. 3:24plus more, right? Google's doing the
101. 3:26same. Microsoft's doing the same. So,
102. 3:29we're still in,
103. 3:30you know,
104. 3:32the best era to ever be a semiconductor
105. 3:34company that's dealing in this space.
106. 3:36So, that means Nvidia, AMD, and the
107. 3:38memory chip stocks, right? And TSMC
108. 3:40certainly benefits as well. So,
109. 3:42the moral of the story is we get another
110. 3:43bull run. So, that alone will propel AMD
111. 3:47substantially. That's the one that
112. 3:48benefits the most from the next bull
113. 3:50run, okay? Cuz that's the one you really
114. 3:52got to be in.
115. 3:53Then, we have earnings coming November
116. 3:553rd, right?
117. 3:57That's the earnings we should get a
118. 3:59shock and awe of some kind. Now, a lot
119. 4:01of people assume it has to be a revenue
120. 4:03shocker and all in regards to last
121. 4:05quarter or the future quarter. It
122. 4:06doesn't have to be a revenue shocker and
123. 4:08all, okay? It can be a margin shocker
124. 4:11and all where either their margin for
125. 4:12last quarter or the next quarter like
126. 4:13the margin guide knocks everybody's
127. 4:15socks off either on a gross margin front
128. 4:17or like an operating margin front or a
129. 4:18net margin front. People are like,
130. 4:20"Woah, that's way better way better
131. 4:22margins than we thought it was going to
132. 4:23be."
133. 4:24Uh it could be
134. 4:27an earnings per share shocker and all,
135. 4:28right? It could be some sort of guidance
136. 4:31they put out for next year maybe early
137. 4:34um that's like a rough range that
138. 4:36everybody's like, "Wait, what? They they
139. 4:38just kind of did a rough guide to what?"
140. 4:40There's many different shockers and alls
141. 4:42you can get, but all you need is one
142. 4:45number one metric that everybody says,
143. 4:48"Woah, that's way better than we thought
144. 4:50it was going to be." You need one thing.
145. 4:52If you get multiple, then you are really
146. 4:54off to the races, but all you need is
147. 4:55one thing.
148. 4:57If Lisa Su's got one thing
149. 5:00she can say on that conference call
150. 5:03or in the report that knocks everybody's
151. 5:05socks off and they're like, "Woah, it's
152. 5:07way better than we thought." Boom,
153. 5:09you're off to the races again, right?
154. 5:11And so if you already have a
155. 5:13semiconductor bull cycle going on and
156. 5:15then you get that on top, that just is
157. 5:17like an accelerant, right? Now, let me
158. 5:20show you my projections for AMD for the
159. 5:21next few years.
160. 5:24I don't know if you guys have seen this
161. 5:24or not, but under my bull case, my bull
162. 5:27case is a lower probability to happen. I
163. 5:30have the stock going to $1,000 in 2028,
164. 5:32right? Under my base case, I have the
165. 5:34stock going to $1,000 in 2030. Now,
166. 5:36here's what you got to understand about
167. 5:38this. Listen,
168. 5:39when we're talking about base case and
169. 5:40bull cases, I'm running those
170. 5:43with like the stock market being
171. 5:45practical, right?
172. 5:47The stock market's not practical. Like
173. 5:50it's not how it works. The stock market
174. 5:53is very impractical. It it it it doesn't
175. 5:56work logically. And so these companies
176. 5:59will run up the valuation way before
177. 6:01they should. We just spoke about
178. 6:03Anthropic earlier in this video, did we
179. 6:05not? Should Anthropic be at a two
180. 6:07trillion something dollar valuation with
181. 6:09sixteen billion dollars of revenue and
182. 6:11massive losses and crazy spend, right?
183. 6:14And let's say even on a revenue run rate
184. 6:17of a hundred billion, should they be at
185. 6:18a two trillion dollar plus valuation?
186. 6:20No, that doesn't make sense. But the
187. 6:23stock market front runs things. So, with
188. 6:25a stock like AMD,
189. 6:27I think that stock should go to a
190. 6:29thousand over the next few years.
191. 6:31That's not the way the stock market
192. 6:32works. It prices in a lot of the future,
193. 6:35right? And so, AMD could easily go to a
194. 6:37thousand in the next six months or
195. 6:39somewhere roughly up toward a thousand,
196. 6:41right? And price in a lot of the future
197. 6:45growth. And so, that's why even I look
198. 6:47at a stock like that and it's like if it
199. 6:49goes closer and closer to a thousand,
200. 6:51I'll cash shares because that just is
201. 6:54like pulling forward a lot of my gains
202. 6:56essentially, right? This happens in the
203. 6:58stock market all the time.
204. 6:59Um
205. 7:00Palantir's a good example. Like
206. 7:01Palantir's, you know, pulled a lot of
207. 7:03gains forward. Like Palantir hit two
208. 7:05hundred last year, right? Two hundred
209. 7:07plus. And I looked at that stock and I'm
210. 7:09like it's pulled a lot of gains forward.
211. 7:11Like, you know, um
212. 7:13you know, it's pulled a lot of the
213. 7:15future gains already. It's already
214. 7:17there, right? And I could take you
215. 7:19across so many different stocks that
216. 7:20that happens. It happens all the time.
217. 7:22Look at Tesla. Tesla's been dead money
218. 7:24now for five years, right? It the
219. 7:26valuation ran up so much in Tesla, it
220. 7:28pulled so many gains forward. And now
221. 7:31the stock's been dead money for five
222. 7:32years now at this point in time, right?
223. 7:34And so, um that's just something to kind
224. 7:36of keep in mind there. So, you know,
225. 7:40AMD's business model probably doesn't
226. 7:42peak till
227. 7:44uh
228. 7:45I don't know, maybe twenty twenty-eight
229. 7:47or twenty twenty-nine, but could the
230. 7:48stock price peak next year? Sure.
231. 7:52That's possible.
232. 7:54Like, you know, if AMD goes to a
233. 7:56thousand dollars or fifteen hundred
234. 7:57dollars next year, that could be a peak,
235. 7:59right? Even though the business model
236. 8:00doesn't peak for at least another year
237. 8:02or two after that or maybe even three
238. 8:03years after that. Stocks
239. 8:06stocks
240. 8:07don't work in a practical manner when it
241. 8:09comes to when you think it should be at
242. 8:11a valuation, it doesn't work like that,
243. 8:13okay? So, actually with semiconductor
244. 8:14stocks, man. Semiconductor stocks are
245. 8:17woo, they're crazy.
246. 8:18>> Hey, I want to thank you so much for
247. 8:19watching that clip here today. I hope
248. 8:21you really enjoyed that one. What you're
249. 8:23looking at right now is 1000xstocks.com.
250. 8:261000x does not just show you a billion
251. 8:29different metrics that are completely
252. 8:30irrelevant. It's curated mandatory
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254. 8:35long-term investors, not for traders.
255. 8:39So, you can understand a company on the
256. 8:41highest level possible, how it operates,
257. 8:43and most importantly, making judgments
258. 8:45on whether you want to invest capital
259. 8:47into a company or not. Understanding the
260. 8:50upside, the downside with companies. Is
261. 8:53that company worth our investments or
262. 8:55shall we keep our hands away? So, how
263. 8:57you can access 1000xstocks.com is you
264. 9:00can go to the description area of this
265. 9:01video or you can go to 1000xstocks.com
266. 9:05apply for access to the service. Uh so,
267. 9:07with the Intel move down, listen, you
268. 9:09want to know what this is going to mean
269. 9:10for for AMD. And by the way,
270. 9:13if
271. 9:14um you don't follow me on X, you might
272. 9:16want to follow me on X. Uh I always have
273. 9:17that link in the description area down
274. 9:19there of all my videos. I post a lot of
275. 9:21stuff and right now it's busy times on
276. 9:23X, so you might want to follow me on
277. 9:25there if you use that platform. Uh but,
278. 9:28what is this what do these Intel
279. 9:29earnings mean for
280. 9:31>> [clears throat]
281. 9:31>> AMD? Listen,
282. 9:34it means short-term
283. 9:37not a good move, but longer-term
284. 9:41um
285. 9:42it doesn't mean anything, okay? So,
286. 9:44Intel, basically, they're saying, "Hey,
287. 9:47you know, PC sales are going to be
288. 9:49slower, memory prices are a concern,
289. 9:52right?"
290. 9:53I mean, AMD is going to be able to sell
291. 9:56as
292. 9:57much as they possibly can in terms of
293. 10:00getting silicon from TSMC. They're going
294. 10:02to be able to sell as much as they want
295. 10:04for the next several years. I'm talking
296. 10:05GPUs and CPUs. So, AMD doesn't have any
297. 10:08sort of sales problem
298. 10:10in my opinion and we're not going to see
299. 10:12a sales problem with AMD. All things are
300. 10:14possible but I just don't think it's
301. 10:15very realistic. Intel's had issues for a
302. 10:18long time. Don't like don't forget like
303. 10:21the stock had this insane run. Don't
304. 10:23forget this is a bum company.
305. 10:26Intel's a bum company.
306. 10:28At the end of the day this stock was
307. 10:29like
308. 10:31at the end of the day I mean this could
309. 10:32be arguably a bankrupt company if it
310. 10:34wasn't for the government kind of like
311. 10:36almost bailing them out, right? This is
312. 10:38a junk company. Intel has been on the
313. 10:40decline for the longest time. They're
314. 10:43getting pulled up just because the whole
315. 10:45semiconductor space is so strong but
316. 10:46don't let a whole space getting pulled
317. 10:49up in the short term cloud you and then
318. 10:52make you think like oh this is a good
319. 10:54company. This is trash. Intel been
320. 10:56trash. AMD's the real deal Holyfield.
321. 10:59They're the ones that were was $2 a
322. 11:01share and then went to 200, right? And
323. 11:05obviously nowadays we know where the
324. 11:06stock price is in the 500s. They're the
325. 11:08ones that have been taking market share
326. 11:10from Intel for the longest, right?
327. 11:12They're the only ones that can give
328. 11:14Nvidia a run for their money. The only
329. 11:16ones in the world. There's no one else
330. 11:18in the world. There's no other company
331. 11:19in the world that can at least make
332. 11:20Nvidia sweat a little bit and be like
333. 11:22let's see what they're up to and there's
334. 11:23no one even in the world that can get
335. 11:25Jensen to speak about them and you know
336. 11:29be a little jaded and be like why did
337. 11:31they give away part of their company for
338. 11:32this deal, you know? There's only one
339. 11:34company that can do that. That's AMD.
340. 11:36AMD's top tier. Been top tier, right?
341. 11:40Intel junk been junk still junk. So you
342. 11:43know their results is going to pull AMD
343. 11:45down in the very very short term as in
344. 11:47probably tomorrow but don't don't assume
345. 11:51like oh Intel that this means something
346. 11:53for AMD. AMD's the real deal man.
347. 11:56Intel's a piece of junk. Has been junk.
348. 11:58It's still junk.
349. 12:01I don't even want to say no disrespect
350. 12:02cuz it's all disrespect. Like that's
351. 12:04just a crappy company.
352. 12:06I don't know what to say. Like you know
353. 12:08the
354. 12:08only reason that company got bailed out
355. 12:10is because of the government and because
356. 12:13of just a ridiculous amount of spending
357. 12:16in semiconductors. If it wasn't for
358. 12:17that,
359. 12:19the company would be BK, man. Google
360. 12:21McDougal is this stock a buy? Well,
361. 12:24here's the thing, okay?
362. 12:26If you're thinking about on a shorter
363. 12:28term basis, it's it's actually probably
364. 12:30not a buy. If you're thinking once again
365. 12:32multi-year, yes, it's a buy, okay? But
366. 12:35this chart's about to get a lot scarier
367. 12:38and a lot worse. This is Google
368. 12:40McDougal's free cash flow, right? Like
369. 12:43look at it, it just piled up as the
370. 12:44years ticked on, right? And then
371. 12:48and it's about to plummet way worse.
372. 12:52Like you're you're going to see some
373. 12:53crazy negative free cash flow from
374. 12:56Google. Like can you imagine a year from
375. 12:58now where the free cash flow of Google
376. 12:59McDougal's going to be? It's going to be
377. 13:02>> [laughter]
378. 13:02>> ugly. So we're we're not even at peak
379. 13:05ugliness. We're we're still we're still
380. 13:07at least probably 18 to 24 months from
381. 13:09peak ugliness. And then after that,
382. 13:12we'll probably settle out and then
383. 13:13hopefully free cash flow will get
384. 13:14better. But dude, we're like six to
385. 13:16eight quarters before it gets like the
386. 13:19worst worst. And so just something to
387. 13:21kind of keep in mind there. So Google is
388. 13:23a buy if you got a multi-year horizon.
389. 13:25If you're just thinking about the short
390. 13:27term, it's debatable, right? Very
391. 13:29debatable. Okay, let's go ahead and
392. 13:31react to Google McDougal.
393. 13:32>> It's a rough quarter for the for the
394. 13:34Alphabet narrative. The the cloud
395. 13:36business was quite strong, it was up
396. 13:37103%
397. 13:39well ahead of expectations and margins
398. 13:41beat expectations. But the weakness was
399. 13:43really in the search business. Estimates
400. 13:46were for 15% growth, the company did 12.
401. 13:49It doesn't explicitly guide to that
402. 13:51figure and it had a
403. 13:52comp issue where it was lapping
404. 13:54accelerated growth from last year. So
405. 13:56that's likely a factor, but still it's
406. 13:58about a 300 basis point miss in search.
407. 14:00And also on that side of the business,
408. 14:02margins missed as well. So
409. 14:05for those that think there's a longer
410. 14:06term threat, you know, relating to AI,
411. 14:09this definitely feeds into the narrative
412. 14:11and I think that's the issue with the
413. 14:12stock.
414. 14:12>> Well, let me get a sense though. I mean
415. 14:15just hypothetically, once they do get up
416. 14:17a little bit more up and running with
417. 14:18the guards to Gemini search or whatever
418. 14:20we're going to be calling it here, is
419. 14:22that does that have the potential to be
420. 14:24a product that can bring in not only the
421. 14:26same type of growth that search brought
422. 14:28and now on the revenue side, but more
423. 14:29importantly on the profitability and
424. 14:31margin side?
425. 14:33>> Sure. I mean, even 12% gross growth on
426. 14:36the on the surface is is great growth
427. 14:38for the the maturity that that search
428. 14:41business is.
429. 14:43But, it's an expectations miss and you
430. 14:46have these very
431. 14:48significant reactions in in the stocks
432. 14:51relating to AI, you know, based on AI
433. 14:53winner, AI loser at any point in time.
434. 14:55>> I I don't think, you know, I think
435. 14:56everyone's making a big mistake, okay?
436. 14:59Um,
437. 14:59I think people are looking at some of
438. 15:01these numbers and they're thinking like
439. 15:02it's something wrong with the companies.
440. 15:03Like, oh, something wrong with Google
441. 15:05search, blah blah blah. No. No, no, no,
442. 15:07no, no.
443. 15:09It's the economy.
444. 15:10It's too many companies that are putting
445. 15:12up lackluster revenue numbers for it to
446. 15:15be company specific. Like, you know,
447. 15:17from companies like Decker Outdoors that
448. 15:19sells Hoka shoes and Ugg and a bunch of
449. 15:21other brands, right? They already had to
450. 15:23take down their revenue guide for the
451. 15:25year, right? We know what Nike's results
452. 15:27have been. We know what Lululemon's
453. 15:28results have been, right? Uh, Amazon
454. 15:30amazing zone just came in with 2% net
455. 15:32product sales growth year over year,
456. 15:34right?
457. 15:35>> [clears throat]
458. 15:35>> Uh, Meta was strong as far as pricing
459. 15:38for ads, but, you know,
460. 15:40that still wasn't even like when it
461. 15:42comes to Meta's overall advertising
462. 15:44business, it wasn't like that was
463. 15:45something that
464. 15:47um shocked people and was like a great
465. 15:49number. It was kind of,
466. 15:50you know? And then you see Google's
467. 15:52search results business here up 12%
468. 15:54people are, you know, it's just at the
469. 15:56end of the day, I think
470. 15:58there's a short-term
471. 16:01weakness in the economy, right?
472. 16:04Um,
473. 16:05and it's as simple as that. It's just
474. 16:06too many companies and I I grade a lot
475. 16:08of income statements for a lot of
476. 16:10obscure companies that we don't talk
477. 16:12about on the channel much, right? And uh
478. 16:14even with those companies, a lot of
479. 16:15their revenues are down year over year,
480. 16:17right? So, you know, look at Whirlpool's
481. 16:20results. If you want to see weakness,
482. 16:22look at Whirlpool's results.
483. 16:24Yeah, I mean, there's a lot of companies
484. 16:25that have revenue negative on a
485. 16:27year-over-year basis. We're not talking
486. 16:29positive, right? We're we're we're
487. 16:31concerned here about Amazon grew net
488. 16:34product sales only 2%, right? Or
489. 16:37Google's ad business only grew this
490. 16:38much.
491. 16:39I could tell you there's a lot of
492. 16:40smaller companies right now that
493. 16:42revenues are down on a year-over-year
494. 16:44basis. Okay? So, yeah.
495. 16:47>> I'm So, I do think Alphabet's already
496. 16:50been building in AI overviews. Um
497. 16:52Gemini, you know, has had very good
498. 16:55model updates recently. What I think
499. 16:58ends up happening is um
500. 17:00the model companies all kind of find it
501. 17:02their niche in the world of where
502. 17:04they're better than their competitors.
503. 17:06Uh the challenge for Alphabet is it used
504. 17:08to be the only player um you know, in in
505. 17:10terms of searching for information. And
506. 17:13now it's one of a few players. And I
507. 17:15think that normalization is something
508. 17:17that, you know, can be multiple
509. 17:18compressing to a company like Alphabet.
510. 17:21But I I don't really think this is like
511. 17:23a structural issue. I think the growth
512. 17:25rate off of these more difficult laps
513. 17:27will stabilize around these levels. They
514. 17:29in fact said that query volume growth
515. 17:31was the fastest that it's been in the
516. 17:33quarter um in the past 5 years. So, I'm
517. 17:35sure they'll talk about that more in
518. 17:37terms of the disconnect in terms of
519. 17:38revenue growth versus the query volume
520. 17:40growth in the quarter.
521. 17:41>> So, Scott, you mentioned it's not a
522. 17:43structural issue. But when I look at
523. 17:46Meta's ad growth in the quarter, they
524. 17:48grew 26%.
525. 17:50Clearly, Alphabet is not growing uh you
526. 17:52know, same. It's uh it's uh less than
527. 17:54half of Meta's growth. And they said uh
528. 17:57you know, query growth was the fastest
529. 17:59in the last 5 years. So, what do you
530. 18:01make of that?
531. 18:03>> Right. And and I think Amazon's growth
532. 18:05rate tomorrow for advertising will will
533. 18:06be uh a good bit higher than than
534. 18:09Alphabet's as well.
535. 18:10I think that um
536. 18:12I think that's what's happening whether
537. 18:13it's Meta or the model companies, you
538. 18:16know, uh themselves in terms of driving
539. 18:19queries to to other um distribution
540. 18:22outlets. That Alphabet's, you know, it's
541. 18:24normalizing competitively, but what what
542. 18:27I think is comforting long term or why
543. 18:31that this stock can work over the longer
544. 18:33term is because the denominator is so
545. 18:36much larger in terms of the number of
546. 18:38queries that even though it's not the
547. 18:40best player in the market, it's a very
548. 18:43satisfactory player. And when you add on
549. 18:46top of that the success the company's
550. 18:48now having in cloud, you know, you have
551. 18:50a business that's
552. 18:51growing still 25%
553. 18:53with mid-30% margin that now trades
554. 18:57under 20 times earnings.
555. 18:58>> Do Do you think they are missing an
556. 19:00agent like Muse or Instinct here? And
557. 19:03what would that do in in terms of, you
558. 19:05know, the whole search situation?
559. 19:09>> Certainly, they There is the possibility
560. 19:11that that Alphabet layers
561. 19:14agentic on top of the model. Like I said
562. 19:17earlier,
563. 19:18>> All right, horses, let me show you guys
564. 19:19something very important, okay? Look at
565. 19:21this.
566. 19:23This is
567. 19:24Google Cloud versus Azure versus AWS,
568. 19:27right? Now, from the Google Cloud the
569. 19:29thing that's a little confusing is I
570. 19:30think they put their TPUs in there as
571. 19:32well from what I remember. So, just
572. 19:35something to factor in there. So, I
573. 19:37don't know if it's as clean of a
574. 19:40growth rate as maybe the others have.
575. 19:41But the moral of the story is here,
576. 19:43Google Cloud 103% growth, Azure 48%, AWS
577. 19:4739%. So, you know, you look at that and
578. 19:50you're like, "Dude, this is the big dog.
579. 19:52You got to be in Google Cloud, right?"
580. 19:54Google McDougall still couldn't save the
581. 19:56stock price, but it is something to
582. 19:58factor in there.
583. 20:01I mean, the other thing to factor in is
584. 20:02AWS is just a really really large
585. 20:05business. It's a really large business,
586. 20:07much bigger than the other two players,
587. 20:09especially than Google Cloud. And so,
588. 20:11it's a little easier for Google Cloud to
589. 20:13put up bigger growth rates, right?
590. 20:16So,
591. 20:18something to factor in, but
592. 20:20um
593. 20:21Google's the one that's really like
594. 20:23if want the big growth, you know where
595. 20:25to go.
596. 20:26That's Google.
597. 20:27>> I do think that each one of the players
598. 20:29in Tropic of many I meta
599. 20:32xai, you know, find their niche in this
600. 20:36emerging world, you know, that we've
601. 20:38we've headed into and that with
602. 20:40alphabet. I think it's more about
603. 20:42replacing the static blue link business
604. 20:45with the more interactive Gemini
605. 20:48interface
606. 20:50than it is necessarily being the leading
607. 20:52player in agenda commerce, but I'm
608. 20:54certainly they sure that they will have
609. 20:56a play there.
610. 20:57>> Well, I am curious though too when we
611. 20:59talk about the future going forward and
612. 21:02a couple of interesting headlines
613. 21:03crossing the wire Scott one Sundar
614. 21:05Pichai basically saying that the company
615. 21:08is now running at in his words a half
616. 21:10trillion dollar annual run rate, but
617. 21:13what I thought was also interesting was
618. 21:15their Cloud CEO is on the earnings call
619. 21:18for the first time ever and I am curious
620. 21:20as to what if at all that actually
621. 21:23signals about where Sundar Pichai's head
622. 21:25is at.
623. 21:28>> Well, if you look at the relative
624. 21:29strength of the businesses the cloud
625. 21:31business is doing a significantly better
626. 21:34than the search business the search
627. 21:35business just happens to have been
628. 21:37probably the most dominant business
629. 21:39model in the world up until the
630. 21:41emergence of AI and so I think this
631. 21:44company, you know, the center of gravity
632. 21:47is shifting a bit more towards Cloud
633. 21:49over time as the the driving force of
634. 21:52the company and that's you know,
635. 21:53represented with the with those that
636. 21:56participate in the conference call and I
637. 21:58think that's that's the signal right
638. 21:59there.