Seems like a big deal, but there's nothing about availability. They might say more during the broadcast later today.

Wow that's an interesting edge case.

To me these are arguments _against_ the bubble popping. The market reacted to all these signals. The semis took the brunt of it but even there it wasn't really dramatic. These are signs of a relatively healthy environment.

The article's thread title (and proposition) is:

> I'm not convinced the AI bubble exists

You're arguing against the bubble popping. So you agree the bubble exists?

I think not but it's irrelevant. Most of the growth is probably from big accounts renting compute/tpu for training models.

Yes but it's like the meme: the old is deprecated and the new is not ready yet.

> Their earnings missed by almost 30%, which is pretty huge in the stock market.

It's somewhat fake, as fake as last quarter's huge beat. It's basically due to their large share in SpaceX, which they have to mark to market at the end of the quarter. Anyway, that's not at all the reason for the freakout.

Don't take it at face value. There is a serious rebuttal but I cannot find it now (post is from previous quarter). Anyway, he's twisting facts to fit the narrative.

> Is the current quarter anomalous,

Yes, to an extent. There were three unfavorable circumstances other than AI eating into search: FX (major), the World Cup timing, end of de minimis exemption in EU.

Can you explain how these affected Google Search? My mind isn’t connecting the dots.

They affected search _revenue_, this was the subject of the discussion.

A lot of people do though by looking at the current stock price.

When the updates are boring people complain that they don't change anything. When they take risks (touchscreen on laptop, foldable phone) people complain about the new stuff.

I like that they do this. If it doesn't catch on, they will change back, like with the touch bar.