Wednesday’s Final Takeaways: Biohub’s GOOGL, META, U.S. Partnership & Cautious 2027 Outlook

back to market on Close. I'm Marleyn here in Chicago alongside us at the New York Stock Exchange. Some final ghts . I chose two stories that were widely covered, but I think have the potential to be impactful. Google has been ordered to halt its work on two data centers in Finland. Until envital impact assessments are complThis marks a notable setback in a countr that has emerged as a major destination for AI infrastructure. Finland has been dubbed the Texas of E for its abundant land and pow but the move shows that data center expansion is increasingly running into local environmental and infrastructure concerns. Eve outside of the U.S. and the Nimby mov Google has committed $15. Billion to AI infrastructure in Finland. if permitting and environmental revi become more difficult, that could slow the massive AI boom and raise the cost ofe adding capacity. And the bigger question for Google and Meta and the other hyperscalers is whether resistance like this becomes a growing global constraint on the data center expansion. Their AI strategies depend on also tying in here, Mark Zuckerberg Biohub partnering with Google, meta, and the federal government on a $1.8 billion effort to build a universal virtual cel using AI and vast amounts of biological data. The goal iso let researchers test potential potential experiments virtually. Thisld make R&D faster and less expen by identifying the most promising experiments before they ever even reach a lab, and human hands, meta and Google are each investing in this effort, g them access to cutting edge biological data and research. With commercia partners receiving a one year exclusive window before the data is made public for the broader R&D market, the project could mark a new era where AI doesn't just analyze existing research, but it actually helps generate and test scientific hypotheses, potentially accelerating drugcovery and other areas ofgical research. I do want to note Biohub is a nonprofit that is separate from It is not under the meta umbrella.se are just two stories we hadn't talked about, Sam. That stuck out to me. But wt caught your eye during the session? Well, caught my eye was just a handful of high profile warnings on the AI trade. Today we woke up with headlines around Ray Dalio thinking AI is a classic bubble that's close to popping. He points to the enormous amount of debt being taken o to fund AI right now. Dalio says that we're in the part of the cycle that comes before bursting point, but heves we're close to it, perhaps as rates continue to climb. He sounded ar Temasek CIO. That's the investment company over in Singapore, said the unwinding of the AI tra the biggest risk for markets. He doesn't see it as imminent, but also expects there to be possible bumps year. His other concern isround inflation and similarly to Dalio, the rates environment, which potentially raise the risk of breaking point in the equity market. And I also spoke with veteran Jim Paulsen today, who told me thinks sentiment towards tech is perhaps too complacent and expects a more difficult stock market moving into 2027. He says there's been greatcess by being overweight tech oe years, but he que how in light of those rising rates and inflation. Paulsen doesn't expect a bear market, a correction in the next six months. So certainly some food for thoughtay, Marley. But heading into tomorrow, wha you going to be looking out for tomorrow morWe'll get earnings from PepsiCo. I had a really great chat with Michael Matters podcast this week about how GLP one usage is really changing the game for these companies. And we'll get a closer look at the consumer, at thosenging habits tomorrow morning, specifically from Pepsi. Wall Street exp EPS growth to be flat, about $2.29 on sales of 24.88 billion, which wou be up close to 4% year over year. But any look at the consumer is helpful. Sam, what will you be watching? Yeah, s Katie pointed out, I said I was obviously going to be looking at Samsung out with preliminary Q3esults tonight before a more detailed report this month. We're looking at fold surge in operating profit to roughly $79 billiat's the expectation. We've also got theand China markets reopening after the golden week. As I mentioned with my last guest. I mean a lot of validation for some of these things open tonight Molly.w Absolutely. Remember th reaction to Samsung last quarter. So we'll be fun to watch there. But that is going to do it for us on market on close today for Sam Bardis I'm Marley Kayden. Be sure to download our Schwab Network app available in the Apple App