Soros Bets Big on AI with AMZN and GOOGL – Is He Finally Drinking the Kool-Aid?
Soros's AI U-Turn: From Skeptic to Believer?
Okay, so George Soros, the guy who famously "broke the Bank of England," was all doom and gloom about AI a while back. Said it was a "mortal threat to open societies." Dramatic much? Now, his fund's throwing down serious cash on Amazon and Alphabet, two of the biggest AI players out there. What gives?
Is this some kind of "if you can't beat 'em, join 'em" situation? Or did Soros just realize he was missing out on a massive payday? Maybe both. I mean, the guy's not exactly known for his altruism.
Soros Fund Management, which, let's be real, is still basically Soros even if he doesn't "actively run" it, dropped over half a billion on AMZN and GOOGL. That's a whole lotta faith in a technology he supposedly "instinctively opposed." According to a recent report, AMZN and GOOGL: Billionaire George Soros Pulls the Trigger on 2 ‘Magnificent 7’ Stocks, Soros is making big moves in the AI sector.
And it's not just Soros. Analysts are tripping over themselves to slap "Strong Buy" ratings on these stocks. Amazon's using AI to run its everything, from logistics to Alexa. Alphabet's got Gemini 3, their latest AI model, which is apparently blowing the competition out of the water. Even Salesforce's CEO is singing its praises.
The Hype Train Keeps Rolling
Speaking of Alphabet, they just landed a "multi-million dollar" deal with NATO. Multi-million could be anything from 2 million to 999 million, offcourse, but still... It's NATO. For cloud services. So, basically, Google is now officially part of the military-industrial complex, if it wasn't already. And people are shocked?
And then there's the whole Nvidia (NVDA) situation. The golden child of the AI boom. But wait, what's this? Meta (META) – yeah, Zuckerberg's metaverse nightmare company – is reportedly in talks to use Google's TPUs (Tensor Processing Units) in their data centers. That's a direct shot at Nvidia's dominance. NVDA stock price dipped on the news. Serves 'em right for cornering the market. According to Nvidia Shares Drop on Report of Google Challenge in AI Chips, Google's TPUs are giving Nvidia some competition.
So, Google’s TPUs are gaining traction as an alternative to Nvidia's GPUs. It's about time someone challenged their monopoly. But… are these TPUs really that good? Or is this just everyone trying to diversify their supply chain so they aren't completely at Nvidia's mercy? I suspect it's the latter.
Look, I get it. AI is the future, or so they say. But all this hype feels a little…forced. Like everyone's afraid to be the one who doesn't believe in the AI miracle. And when everyone's thinking the same thing, that's when bubbles burst.
Speaking of bubbles, my internet bill just went up again. Thanks, capitalism! I swear, these companies are just bleeding us dry while promising us the moon.
The Verdict (For Now)
Alphabet stock (GOOGL) is hitting new 52-week highs. Analysts are scrambling to raise their price targets. Everyone's making money hand over fist. Except, you know, the average person who's just trying to keep up.
And Soros? He's probably laughing all the way to the bank. Whether he actually believes in AI or not is irrelevant. He's making money off it, and that's all that matters.
But here's the thing: what happens when the AI bubble does burst? When the promises of self-driving cars and personalized medicine turn out to be just that – promises? Will Soros pull out his money then, leaving the rest of us holding the bag? Probably.
It's All Just a Game, Ain't It?
At the end of the day, it's all just a game for these guys. A game of moving money around, manipulating markets, and getting richer while the world burns. And we're all just pawns in their little game. So, yeah, Soros is betting big on AI. Big deal. What else is new?