Mag 7 earnings show 'the AI story remains intact,' analyst says

00:00 Speaker A

Talk to maine astir your enactment here. You talked astir Big Tech net defying fears of the worst lawsuit scenario. Is that capable to springiness you assurance that these companies tin support net maturation moving forward?

00:16 Lisa

Yes, absolutely. I mean, it was a, it was a large week past week with, um, astir of the MAG 7 names reporting and I deliberation overall, uh, the AI communicative remains intact, which is truly important for the market, particularly successful lawsuit of uncertainty. Um, we hear, um, erstwhile we look astatine CapEx spending, um, it's high. Some companies even, uh, uh, adjacent raised that, uh, that barroom adjacent higher, uh, which gives us, um, a batch of, of assurance present that the MAG 7, uh, can, can, uh, further thrust the marketplace here. And what we also, uh, looked, um, astatine in, particularly with the MAG 7 names, with immoderate of them is, um, advertisement spending. How is advertisement spending, uh, processing here, right? Because that could be, uh, the first, uh, constituent wherever businesses are struggling, that they're pulling backmost ads, which we didn't spot astatine all. When we look astatine meta advertisement spending coming successful supra expectations, defying each odds, which is simply a bully motion going forward, and particularly a bully motion for the tech and for the, um, MAG 7 earnings.

02:09 Speaker A

So, Lisa, what is your biggest interest for the large tech names going guardant for the year?

02:17 Lisa

Um, evidently it was a decelerating in, uh, the AI spend, right? We heard a small spot earlier successful the year, um, uh, we heard thing from China, heavy seek, right? Um, wherever the market, um, reacted precise negatively to that. I deliberation that is down us, uh, due to the fact that when, uh, the general, um, caller improvement of AI and what drives america guardant is happening present with the MAG 7 tech names, right? And if you physique something, if you build, uh, the aboriginal of AI and innovation connected the greenish space, you request a batch of wealth for that. And that is continuing, uh, to thrust the markets here. So I would beryllium not truthful acrophobic astir that. And we heard with the, uh, past earning season, CapEx spending remains intact. The wide request remains intact, which is precise affirmative here.