Google Earnings, Jensen Targeted in Chinese Spy Plot, The Rise of Fake Wall St. Traders | Diet TBPN
John Coogan and Jordi Hays of TBPN break down Google's rare earnings miss, a reported Chinese spy plot aimed at Nvidia's Jensen Huang, and viral day-trader videos that funnel people into simulated trading subscriptions.
The gist
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Coogan reports Google stock fell 12.5% after earnings per share came in at $2.12 against $3.01 expected, partly from an $8.7 billion SpaceX write-down.
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Google Cloud revenue doubled to $30.7 billion with a 36.2% operating margin, and Coogan notes 55% of its $561 billion backlog lands within two years.
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Search ad growth slowed from 17% to 12%, and Coogan argues AI mode answers earn less than ad-packed traditional search pages, a hard problem to solve.
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The hosts discuss a Times report that Alice Wong, a Megaspeed executive close to Jensen Huang, was a Chinese intelligence asset, and that Trump took no action.
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Coogan and Hays explain that many viral "prop trader" accounts pay about $100 a month to trade simulated stocks, with no real money ever reaching the market.
Also mentioned
3:54
Google Cloud
· "So the first key takeaway is that cloud is just a monster business. There was very interesting reporting..."
8:24
Gemini
· "And then of course they announced Gemini 4 Carbon, the newest frontier model, the day before earnings, two..."
8:44
OpenRouter
· "So even if they don't show up on the Ramp data and the OpenRouter data, just having the frontier model..."
13:59
Genie
· "It is interesting that Google has stayed the course with Genie when a lot of the other labs... It'll be..."
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