Alphabet (GOOG) is reaffirmed as a Buy, with a price target raised to $332, driven by robust AI and cloud growth. Alphabet's $40B Texas data center investment highlights management's commitment to AI/cloud dominance and operational efficiency, despite AI bubble concerns. Google Cloud continues to deliver +30% growth and expanding margins, with market share rising to 13% and strong free cash flow.
Alphabet (NASDAQ:GOOG)(NASDAQ:GOOGL) dominates the search engine market with a greater than 90% share, powering billions of daily queries through Google Search.
Warren Buffett's Berkshire Hathaway built a $4.3 billion stake in Alphabet last quarter. The billionaire investor's company published its third-quarter stock portfolio on Friday.
Warren Buffett's Berkshire Hathaway reveals new position in Alphabet
A German court has found that Google has abused its dominant market position in the price comparison sector and ruled that the company must pay a total of €572 million ($665.6 million) in damages to two German price comparison companies, according to a report by Reuters.
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Alphabet (GOOGL) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
Google must pay the German price comparison platform Idealo approximately 465 million euros ($542 million) in damages for market abuse, a Berlin court has ruled.
Google on Friday announced changes to its advertising services to avert the risk of a breakup, two months after Brussels hit the US giant with a massive fine.
Google will pay more than $40 million to support South African news media, many of them floundering in a digital age, the country's competition authority said Thursday.
The EU launched a fresh investigation into Google Thursday over suspicions the US giant is pushing down news outlets in search results, despite retaliation threats from US President Donald Trump.
South Africa's Competition Commission on Thursday unveiled a sweeping package of remedial measures from global tech platforms, including a 688 million rand ($40 million) media support package agreed with Google and YouTube, following a probe into market dominance.