저자: DanIves · 외국인
요약 보기
Tesla 실적 발표를 앞두고 AI 로보택시가 테슬라의 AI 미래의 시작이며 테슬라 밸류에이션에 1조 달러 가치를 더할 것이라고 주장. 알파벳은 디지털 광고·유튜브 성장 추정치를 상향했고 DOJ 및 AI 잠식 우려로 약 400~500억 달러 오버행이 있으나 대형주 중 최고 리스크 리워드로 평가. 빅테크 주가는 연말까지 10~12% 추가 상승, 12~18개월 내 나스닥 25,000 가능성 제시. Jason Snipe는 알파벳의 검색 사업 우려와 AI 챗봇 경쟁으로 보다 신중하며 '증명해야 하는 분기'로 봄.
다듬은 글
Gainer in the green. It takes us to our talk of the tape. All that lies ahead as Alphabet and Tesla get ready to report in overtime in less than one hour. Let's bring in star analyst Dan Ives of Wed Bush and Jason Snipe of Odyssey Capital Adviserss. Jason is CNBC contributor of course. It's great to have you both with us.
Dan Ies to you first. Are you optimistic? I mean, look, we're very bullish in terms of what you're going to see tonight. I think Tesla's really around AI robo taxi. really it's the start of the AI future for Musk and Tesla and I think this and I've talked about it. It's going to be worth a trillion dollars alone to the valuation of Tesla.
So you I mean you didn't even address Alphabet. Does that mean you're you're less excited about that? Even as you say there's an attractive setup for it. I think the market kind of questions is it is it really is it really an attractive setup? I I think Alpha in my opinion from a large cap perspective it's one of the most probably the best riskreward names out there because our view I get the DOJ issues and the worry that AI is going to cannibalize search we up we upped our digital advertising growth numbers our YouTube numbers we think it's strong I think this is one of the streets underestimating growth and there's probably $40 $50 overhang right now between AI and DOJ that's why we still think there's a table pounder I know, but why why are you raising why do you feel so compelled to to raise your search estimates for not only the quarter but the full year?
Why don't you need to see more proof before you start doing stuff like that? It's a great question. I mean, but our like our reputation has been built on the work that we do during the quarter and everything we see from a digital advertising perspective has been bullish not just for Alphabet but for meta as well.
And that's why I think what we're seeing now this golden age for tech is all starting to take shape. The next stages of AI and I think what you're going to see throughout earning season next two three weeks is that it's a big step I believe forward for big tech. Why does the why does the golden age for tech have to be a golden age for all some are going to shine brighter
than many of the others? There's a question as to whether this one is going to shine as brightly as a Meta. Yeah. Or an Nvidia or an an Amazon. You know, I think right now you have a separation, right? And of course you have Nvidia, you have Microsoft, you have Meta. On this side, you have Apple, Tesla, and I'd say right now Alphabet's kind of in between.
It's a prove it quarter for Alphabets. I think it's a perfect quarter for Amazon. But our view is that when you think about the second, third, fourth derivatives of AI and the two trillion that's going to be spent in the next three years, Street's still underestimated, which is why I believe tech stocks are up another 10, 12% rest of the year.
And I believe we're going to be talking in the next 12- 18 months about NASDAQ 25,000. So Jason Snipe, you you just heard him. Um it's a table pounder going into the print. You agree? So this is what I would say, Scott. Uh a couple things. One, you know, Google's run up a lot into the print. It's up it's up 31% since the tariff delay April 8th.
It's flat on the year, but it's it's moved a lot since since the delay clearly. I think my focus really is on search. You know, I I'm I'm a little bit less bullish because I think uh the chat bots and all the rising competition in kind of the answer key uh spectrum is obviously giving me some concern on on what search will look like.
Clearly the Eddie Q event we we've moved since that that was two months ago when there was uh discussion about hey this is the first time in 20 years uh that Apple product that there's been some decrease um in search um in Apple products in 20 years. So I think Google has has passed a lot of these hurdles and some of these headlines.
But for me it's definitely about search. It's definitely about Google Cloud. We're expecting 20% 26% uh upside there. are expecting about 11% revenue growth and 16% earnings growth. So, you know, um I think it's a show me quarter. I agree with Dan on from that perspective. Um but I'm a little bit less bullish going into this print for Google here.
So, Dan, it the stock's up 25% since the so-called Eddie Q selloff. U did the market overdo it? Is it just a rebound that was caught up in the momentum of the whole trade of Mag 7 and AI? Are we going to get some real answers tonight from the company? Yeah, I think well I think the biggest thing here is the view that AI really means the end of the search business for for Google.
And I think the reality is that Google is going to be a huge participant when it comes to AI and we talk about not just on GCP but when it comes on the consumer side and even on autonomous and I think what you're going to see tonight is a manage team more on the offensive than defensive. have clearly DOJ and other regulatory issues, but I get what Snipes saying.
He brings up great points. But in my view, when you think about DOJ and you think about the regulatory and you think about just the worries about AI, the upside downside here is significant in terms of the what I view as bullish. But you
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