Caroline Hyde

We're starting to become aware of its prowess in AI and in chips.

Yeah, absolutely.

Thanks for having me.

So yeah, certainly sentiment has really reversed on Alphabet, and I think people are really appreciating how dominant it is across every layer of the AI stack.

Of course, it recently released the latest update to Gemini, which was seen as very strong across all the major benchmarks that people use to evaluate AI models.

The chip business is getting a lot of attention lately between the report with Meta and the deal with Anthropic.

People really see this as a really significant potential competitor to Nvidia, as you were discussing earlier.

And beyond that, it has

a huge cloud business that is seeing accelerating growth.

It has so much data and users and distribution and talent.

It really has all of the pieces and that has really helped the stock surge, not just recently, but over the past several months.

It is by far the biggest performer or the best performer of the Mag7 this year.

I think counterpoint research analyst and co-founder Neil Shah and Astorion Bloomberg saying it's a sleeping giant in the AI race and is fully awoken.

But many have been trading for the last few days ever since Gemini 3 release, maybe going short open AI suppliers and long alphabet suppliers.

Is that still bearing out?

I'm looking at Oracle down once again, Ryan.

Oracle has really been under a lot of pressure lately.

I think it's on track for its biggest one month drop since 2001, so certainly a real reversal there.

It does seem like people are moving towards the Google and Alphabet suppliers, which is companies like Broadcom, while at the same time, the companies that are more connected to OpenAI, you mentioned Oracle, also AMD, Microsoft to a certain extent, these companies have really been under a lot of pressure lately.

It's worth reminding, though, that yes, Alphabet's been on a tear.