AI could create a black swan if it's too successful. It's going to create PhD level workers at a cost that breaks all economic models. What is the value of our work if something that is not us can do it better.And then if it's combined with like a robot, then it can complete all tasks that never tires, never needs vacation. It'll outperform every human. And in that world, and of course, if it gets sentient, then it really is a threat to our modern civilization.Or it could even make the definition of money u ...

Fundstrat's Tom Lee says he can see AI leading to a Black Swan event for our economy and financial situation if it goes too well. Would it fully remove the need for money? Work? And is that a bad thing? Dig in here in a clip from our longer episode, Tom Lee: Decoding the AI Trade, Bitcoin Predictions & What an AI Black Swan Event Might Look Like. ...

Core Viewpoint - Alphabet's shares have experienced significant volatility in 2025, reflecting broader market trends, with a notable 37% increase in 2024 followed by an 8.9% rise in early 2025, before a sharp decline of around 30% in February due to escalating trade tensions [1][2]. Company Performance - By April 2025, Alphabet's shares rebounded, gaining 17% as of June 2, following easing trade tensions, and the company holds a Zacks Rank 3 (Hold) with a strong Growth Score of A [2]. - The company faces uncertainty due to ongoing antitrust legal proceedings, with the Department of Justice concluding arguments that could have significant implications for Alphabet [3][4]. Legal Challenges - Alphabet lost a landmark antitrust case in August 2024, with a ruling that it illegally monopolized the search engine market, leading to potential drastic consequences for the company [4]. - Analysts predict that if a divestiture of the Chrome browser is ordered, Alphabet's shares could drop by 15% to 25%, and its earnings per share (EPS) could decrease by up to 30% due to Chrome's substantial user base of 4 billion and its contribution of 35% to Alphabet's search revenues [4][5]. Settlement and Compliance - Alphabet has agreed to a $500 million settlement to change its compliance structure as part of a resolution to a shareholder lawsuit alleging antitrust violations, with additional legal fees potentially reaching $80 million [7]. Investment Opportunities - The legal developments surrounding Alphabet are expected to create short-term volatility in its shares, prompting interest in ETFs with significant exposure to the company [8]. - Several ETFs with notable exposure to Alphabet include: - IShares Global Comm Services ETF with 11.97% exposure and an asset base of $415.5 million [9]. - Fidelity MSCI Communication Services Index ETF with 12.50% exposure and an asset base of $1.49 billion [11]. - Vanguard Communication Services ETF with 12.49% exposure and an asset base of $4.74 billion [12]. - MicroSectors FANG+ ETN with 9.74% exposure and an asset base of $445.9 million [13]. - Communication Services Select Sector SPDR Fund with 8.71% exposure and an asset base of $21.82 billion [14].