GOOGL

“Look at that thing fucking go, Google! Goddamn, this is the Mando stock if I've ever seen one. Who's long Google? Is anyone long Google? This is incredible.”

“Google's the one I really like... it's kind of around 20 or less than 20. I think it's like 18 for Google. So this is not that stretch.”

“Berkshire underwrote like $10 billion of the $80 billion at $350, basically all-time high at no discount. That's the most significant action.”

“Notice that we just spoke nearly an hour and a half about tech stocks without talking about Google. It's, it's the most consensus buy-side long. Everyone's long, right?”

“It's not that unbelievable that they would want to actually make something here.”

“So Ternus is—”

“up 19% year over year. I mean, 2 years ago there was the whole like Google search is dead thesis that has not been borne out, at least this year. Very, very strong results there. Then Google Cloud is like the major story.”

“SpaceX, Google are in talks to launch data centers in orbit. Deal between the two tech titans would give a boost to SpaceX business ahead of a historic public listing.”

“The last focus area for investors generally is TPU. There's been a lot of back and forth around are too many of the TPUs going to Anthropic? Are too many of them, are they sitting idle at DeepMind? What's going on with the TPU and how, are, uh, what are the margin structure, how is revenue booked around TPU, how is the backlog accounted for. These are questions that investors on Wall Street are asking. I don't think we'll get answers at I/O, uh, but investors will be watching for anything that sort of contextualizes the shape of Google's TPU business and their plans over the next few years.”

“So when you see Ray-Bans and they're a little thick, you start immediately thinking, oh, should I be looking for a camera lens? Am I being recorded? Uh, but the Gentle Monster design, the silhouette, doesn't scream technology. It doesn't scream wearable face camera. And so these are going to be a little bit more stealthy. Um, Warby Parkers look nice, but the camera pump on this—”

“Well, I think that effectively they don't want to talk about the fact that it's Gemini technology that's going to be Siri. Right. And they're not going to call that Gemini. They're not going to— you know, they've gotten that announcement out of the way. And that's, that's Apple's foundation models. And if you don't have a Google account or don't use a Google account and don't want to use Gemini, you'll never encounter the word Gemini.”

“The search giant is showing its competitive advantage in an area that increasingly matters for artificial intelligence: access to money. Ben Thompson has a great breakdown, too, of how capital is so important in the age of AI, in the war for AI. In AI, money talks. The biggest companies are paying out hundreds of millions of dollars to lure top researchers. And tens of billions to build data centers while financing losses as they build their AI businesses. The money being funneled into AI is probably already making it harder for non-AI startups to raise capital, with 61% of all venture capital last year going to AI.”

“publishing— all publishers— what's happening with Google is just— it is going, you know, they say it goes slow and then it goes fast. It's going fast... If you depend on your life traffic from Google, from search, you're going to be close to extinct if that's what you do.”

“I was pretty bearish Google like 2 years ago, but I'm like super bullish Google... They're waking up on every front. You know, they're taking the TPUs, they're selling them externally.”

“I'm very bullish on Google, actually.”

“It's not going to be a winner-take-all. Certain technical advantages seem limited in timeframe. There's always this kind of constant leapfrogging of the model industry. So I think it will look like the cloud industry in the sense that there will be multiple players, there'll be profit pools for them.”

“So I think Google for sure has this temporary advantage right now from a pre-training perspective. I think it's also important that they've been the lowest cost producer of tokens.”

“No, YouTube, uh, is about 12%.”

“The good news is being first doesn't matter... Your inventory is not going anywhere... Gemini doesn't need to monetize anytime soon. So they can just sit back. They have a lot of ads expertise and data from Google.”

“The next wave of AI is going to be consumer AI. Consumer AI is going to be the big prize. Can you think of a consumer AI company? You know, maybe OpenAI, but most of their energy is now going to Codex. Google. Yeah, with Gemini, but most of it's still going to search. They don't want to cannibalize their business.”

“we use 3 different chip platforms. So we are customers of Amazon's Trainium chip, Google's TPUs, and NVIDIA's GPUs.”

“Google... they had that TPU advantage, which is now gone. The reason I think they're still in a great position is just they have the most compute of everyone... They have the biggest installed base of compute.”

“if you own a giant installed base of what is currently in shortage, that's also a very, very good place to be.”

“Gemini can never be counted out. We love Google. As well. It's one of our largest positions.”

“At some point, a Google or something becomes interesting... At some point, Google will get $100 billion of revenue from AI. Probably their stock will explode. They're going to become a $5 trillion, $10 trillion company.”

“it appears that Gemini have found a way to get more out of pre-training.”

“Google had Nano Banana and Gemini 3, which caused their user metrics to skyrocket. And leadership at Google was like, oh... we have to double compute every... 6 months”

“They just bought $20,000 into Google. Google is a great buy in my opinion because... AI is buying into Google Cloud.”

“I think it's a tremendous opportunity for Google because the question is who has your data? Google has all my email, my calendar, my documents... So I think Google is in a tremendous position to offer a personal AI assistant that's connected with your email and calendar.”

“it's only going to take 90 days for Google to flip on a virtual version of co-work. And once Google like has this integrated with G Suite... I think Google sweeps the market with this same competitor.”

“Google has TPU, Amazon has Inferentia and Trainium. You know, everybody's sort of spinning up their own version of I think I can out Nvidia Nvidia, even though they also tend to be huge customers.”

“And I said I made a bet publicly on the bank. I said, I am buying a bunch of Google because I believe even though they're behind, it's because they're too precious.”

“Meta and Google have a fortress balance sheet”

“Well, I think Google's clearly in the mix. I mean, DeepMind has an outstanding team”

“I'm sure that Google won't be asleep at the wheel. They're very, very good at coding. They've got a really good team”

“Google Assistant is going to end up being kind of a real kick-ass product once they get this flywheel going.”

“I think going to a city where you can't get in a Waymo or a cyber cab is going to feel barbaric and unsafe... whatever individual municipalities decide... I just don't think it's going to persist.”

“If you look at self-driving, that's obviously happening with Waymo with 3,000 vehicles and there'll be many more on the roads.”

“Google writ large, I think Google's underrated. I think it's going to be the first $10 trillion company in our lifetime. I think they have all the assets that are needed to make this successful.”

“However, if I'm Google and I don't speak for Google and I decide to arbitrarily cut the cost of tokens to 80%... What happens to the business models of OpenAI and Anthropic at that point?”