Gil Luria

We get that there's a lot of demand, but at this stage of the cycle, if they can't deliver for OpenAI, or OpenAI falters a, a bit in their demand, then you have this sort of, I don't know what you wanna call it, this, like, chain of events that ultimately will happen, but it's gonna start with these companies, these heavily indebted companies.

How should we think about that compute and the backlog? Because I spoke to two analysts on Closing Bell Overtime, Gil Luria of D.A.

Davidson and Brent Thill of Jefferies, and they're saying this is the one company that is building out and is not getting full credit for that backlog.

Right.

The AI build-out becoming an increasingly difficult political issue across the US as local opposition ramps up the big effort to block new data centers.

Gil Luria of D.A. Davidson writes, "As data center pushback grows, the land, power, and shell constraints are likely to grow, too, and it's an important factor for more longer-term AI chip demand." Gil joins us now for more.

Gil, welcome.

Is this becoming a headwind already to growth?

It's up more than 12% over the last three sessions.

Joining us now to help set the stage is Gil Luria head of technology research at D.A Davidson.

Gill good to see you happy Friday.

All right This is a big one next week I'm talking to a lot of investors They're looking at RPO Last Read six hundred and thirty eight billion.

A little bit more on Apple.

DA Davidson analyst Gil Luria added, entering the John Ternus era today, we will be rightfully focused on new hardware as the key to the next five years.

But Apple's position in AI has been quietly improving as well.

We believe the key to Apple's ability to get off to a good start in the John Ternus era will be the foldable iPhone Ultra, as well as the impact of price increases across a broad set of products and services.

OpenAI announcing its ad business has hit a billion dollars in annualized revenue run rate, thanks in part to its implementation of advertisements within ChatGPT.

For more on what this might mean for Google and Meta, let's bring in Gil Luria, Managing Director at D.A. Davidson.

He covers both of those stocks with a hold rating on Google, a buy rating on Meta.

All right, Gil.

The question is whether even that is enough to satisfy investors.

Joining us now to dive a little more in, Gil Luria.

He's head of technology research at D.A. Davidson.

So Gil, you probably just heard the macro view from Venu sort of about how much Nvidia matters.

...

but most of what Micron sells is no longer a commodity.

Gil Luria, D.A. Davidson.

Gil, really appreciate that.

There is a lot to watch for and to make clear what we should be paying attention to.

I want to bring on Gil Luria, Managing Director and Head of Technology Research at D.A. Davidson.

Gil, welc- welcome back to the show.

It's great to have you here.

Great.

Well, Gil, I wanna thank you for coming on as always.

That is Gil Luria, managing director and head of technology research at D.A. Davidson, here on TI TV.

The Information has exclusive reporting on Apple's farewell party for Tim Cook.