Alphabet shares fell more than 4% on Thursday, reflecting concerns that the Google parent company is falling further behind in the artificial-intelligence race.
Alphabet Inc (NASDAQ:GOOG) is set to post a blockbuster second quarter, according to Bank of America, which reiterated its Buy rating and raised earnings estimates on surging Cloud growth and a sharp jump in the value of the company's Anthropic stake. The bank expects Alphabet to report second-quarter revenue of $102.1 billion and EPS of $8.38, well above Street estimates of $101 billion and $2.90.
OpenAI's Sora may have shut down, but Google apparently thinks there's still interest in a tool that lets you star in your own AI videos. On Thursday, the tech giant announced an update to Google Vids that will allow you to create a custom digital avatar that looks and sounds like you based on a selfie and a voice recording you upload.
Alphabet (GOOG) possesses solid growth attributes, which could help it handily outperform the market.
Google announced on Thursday that it now allows users to link and interact with some of their go-to apps right in AI Mode, the tech giant's conversational search experience. At launch, supported apps include Instacart, Canva, and YouTube.
Google might launch an AI product with one name during its experimental phase, but it will eventually tie it all to Gemini. In the latest example of this trend, the company is renaming its AI-powered research product NotebookLM to Gemini Notebook.
The European Union issued two new rules for Google on Thursday to force it to share search data and open up its Android operating system to rival AI companies.
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I keep hitting the buy button on Alphabet (NASDAQ:GOOGL | GOOGL Price Prediction), and the reason is simple.
Alphabet (NASDAQ:GOOGL | GOOGL Price Prediction) trades at $370.70 heading into a stretch where AI monetization, Cloud acceleration, and a historic capital spending cycle all converge.
The European Union gave Google binding instructions to open up its Android operating system and search engine data to greater competition.