# Gil Luria

Markdown copy of https://realalpha.app/people/gil-luria/ on Real Alpha, the best minutes from long interviews with the people building AI. Cite and link the page, not this copy.

Real Alpha has cut 8 moments of Gil Luria (Head of Technology Research, D.A. Davidson) talking, from 4 interviews on Prof G Markets and The Real Eisman Playbook, the latest published Oct 29, 2026.

- Role: Head of Technology Research, D.A. Davidson

## What Gil Luria said

- [Microsoft limits AI spending to what its cash flow can support](https://realalpha.app/s/microsoft-limits-ai-spending-to-what-its-cash-flow-can/)
  Prof G Markets · Oct 29, 2026 · 4 min
  > “The reason that's important is that that means they don't have to go to the capital markets, right?” — Gil Luria · [4:06](https://realalpha.app/v/hlS_LWOZsNU/?t=246)
- [Google’s search growth raises questions about AI competition](https://realalpha.app/s/googles-search-growth-raises-questions-about-ai-competition/)
  Prof G Markets · Oct 29, 2026 · 4 min
  > “We have long been worried that that business would be negatively impacted by AI.” — Gil Luria · [7:18](https://realalpha.app/v/hlS_LWOZsNU/?t=438)
- [AI infrastructure funding may become harder to secure](https://realalpha.app/s/ai-infrastructure-funding-may-become-harder-to-secure/)
  Prof G Markets · Oct 29, 2026 · 5 min
  > “There's only so much equity and importantly, debt investors are willing to fund this build out.” — Gil Luria · [14:13](https://realalpha.app/v/hlS_LWOZsNU/?t=853)
- [Google has turned AI from a search threat into a growth driver](https://realalpha.app/s/google-has-turned-ai-from-a-search-threat-into-a-growth/)
  The Real Eisman Playbook · Jul 27, 2026 · 4 min
  > “So this whole notion that search is dying, instead of it dying, it accelerated. Why? Because they're using AI to sell us more ads for more money.” — Gil Luria · [21:35](https://realalpha.app/v/SWEzkOMe4tY/?t=1295)
- [AI cloud leaders are earning returns on rising capex](https://realalpha.app/s/ai-cloud-leaders-are-earning-returns-on-rising-capex/)
  Prof G Markets · Apr 30, 2026 · 4 min
  > “They're all managing this growth so well that they're accelerating growth with higher margins.” — Gil Luria · [19:34](https://realalpha.app/v/SLigyc-6qKY/?t=1174)
- [Microsoft is cheaper despite similar growth](https://realalpha.app/s/microsoft-is-cheaper-despite-similar-growth/)
  Prof G Markets · Apr 30, 2026 · 3 min
  > “They're all growing in the high teens and Microsoft is not getting the credit for it.” — Gil Luria · [24:57](https://realalpha.app/v/SLigyc-6qKY/?t=1497)
- [Nvidia’s results show continued visibility into AI demand](https://realalpha.app/s/nvidias-results-show-continued-visibility-into-ai-demand/)
  Prof G Markets · Feb 26, 2026 · 4 min
  > “The other level of anxiety is the exact opposite. Oh my goodness, AI is so potent, it's going to run us over.” — Gil Luria · [3:48](https://realalpha.app/v/q_vMpbXnHzk/?t=228)
- [Salesforce is slowing for reasons beyond AI](https://realalpha.app/s/salesforce-is-slowing-for-reasons-beyond-ai/)
  Prof G Markets · Feb 26, 2026 · 6 min
  > “Shareholders only get cash flows. The value of a company is only the value of their future cash flows.” — Gil Luria · [12:12](https://realalpha.app/v/q_vMpbXnHzk/?t=732)

## Also from these interviews

- [Microsoft's buyout plan could take headcount below pre-pandemic levels](https://realalpha.app/s/microsofts-buyout-plan-could-take-headcount-below-pre/)
  Prof G Markets · Oct 29, 2026 · 4 min
  > “If Microsoft actually eliminates 27% of its workforce, like they're suggesting, then their total headcount will actually be lower than what it was before the pandemic.” — Ed Elson · [32:49](https://realalpha.app/v/hlS_LWOZsNU/?t=1969)

## The 4 episodes

- [Microsoft Rises, Google Tanks: Why Investors Are Polarized On Big Tech](https://realalpha.app/v/hlS_LWOZsNU/) · Prof G Markets · Oct 29, 2026
- [The AI Revolution: Who Wins, Who Loses & the SaaSpocalypse | The Real Eisman Playbook Ep 70](https://realalpha.app/v/SWEzkOMe4tY/) · The Real Eisman Playbook · Jul 27, 2026
- [Ray Dalio: The World Order Has Unraveled](https://realalpha.app/v/SLigyc-6qKY/) · Prof G Markets · Apr 30, 2026
- [Nvidia’s Blowout Can’t Calm AI Anxiety | Prof G Markets](https://realalpha.app/v/q_vMpbXnHzk/) · Prof G Markets · Feb 26, 2026