Google Doubles Down on Spending as AI Fear Returns | Prof G Markets

Ed Elson breaks down Google’s earnings with Scott Devitt, Managing Director of Equity Research at Wedbush Securities. They discuss the implications of Google doubling its capital expenditures, and what the broader tech selloff says about markets right now. Ed then unpacks Eli Lilly and Novo Nordisk’s earnings with Jared Holz, Healthcare Equity Strategist at Mizuho. He also dives into the Netflix/WBD hearing on Capitol Hill with Rohan Goswami, Business Reporter at Semafor. And finally, Ed shares his thoughts on why software stocks are getting crushed right now. Timestamps 00:00 Today's Number 00:26 Market Vitals 01:03 Google Earnings (ft. Scott Devitt) 09:19 Ad Break 10:04 Novo Nordisk/Eli Lilly Earnings (ft. Jared Holz) 16:06 Ad Break 17:21 Netflix-WBD Testimony (ft. Rohan Goswami) 24:11 Break 24:41 Software Stocks 29:43 Credits — Subscribe to the Prof G Markets newsletter: https://links.profgmedia.com/markets-newsletter Order "Notes On Being A Man" now! https://amzn.to/4nl4VKo Subscribe to No Mercy / No Malice: https://links.profgmedia.com/nmnm-yt-sub-desc Follow Scott on Instagram: https://instagram.com/profgalloway Follow Ed on Instagram, X and Substack: https://instagram.com/ed_elson_/ https://twitter.com/edels0n https://substack.com/@edwardelson Note: We may earn revenue from some of the links we provide.