Jon Quast

I don't know how meaningful this update is, but I will say that there are actionable things for investors today.

Rachel already touched on some things about Gemini 3, understanding nuance and context better.

To me, that feels like the old iPhone update events, where you knew you were getting a better camera.

You know that these new models, these new AI models, are going to have better understanding, it's going to be smarter.

You come to expect that.

But what is something that really stands out as different?

I would say, for me, the one thing was Google talking about the agentic AI push.

That's not necessarily new, but I think you are going to hear this more and more from the other AI companies as they release their updated stuff, really talking about agentic, where

This is going to start to do more tasks on your behalf as it learns more about you, the user.

And I think that that's really important for one big reason is that agentic AI, to do that, it's going to need more memory.

I think it's why you're seeing three out of the top five best-performing stocks in the S&P 500 in 2025 are memory stocks.

This is a trend that I think has legs to it.

They've already sold out basically all of their 2026 inventory for memory, already talking 2027.

This has a long tail to it, in my opinion.

Yes, I think it is.

When you look at how many fires Google has a little iron in, it's a very busy company.

It's a company that has very long reach.

As it gets to know you better as you interact with its AI model, yes, it can monetize that in many, many ways.

Yeah.

The Mag7 is definitely the kingmakers in the AI market right now.