The boss of Google's AI division, Demis Hassabis, on Tuesday called for a U.S.-led standards body to test new frontier models for national security risks. CNBC previously reported that Hassabis, along with other leading tech chiefs, called for an American-led AI coalition at a G7 meeting with world leaders, including U.S. President Donald Trump.
When Alphabet (NASDAQ:GOOGL | GOOGL Price Prediction) handed Sundar Pichai the Google CEO job on August 10, 2015, the company was still fundamentally a search-and-advertising business dressed up in moonshot ambition.
Alphabet (GOOGL) closed at $352.51 in the latest trading session, marking a -1.31% move from the prior day.
Alphabet Inc. is resilient due to its integrated hardware/software AI stack, but valuation is elevated at current levels. Cloud backlog stands at $462 billion, with significant customer concentration risk from Anthropic and a need to monitor backlog conversion rates. Capex is surging, with 2026 guidance at $185 billion and risks if spending outpaces monetization, especially into 2027-2028.
Google maintained steady user and traffic growth in June while rivals Claude and Gemini extended sharp gains, according to a new note from Bank of America. BofA reiterated its Buy rating on Alphabet Inc (NASDAQ:GOOG), pointing to comments from Google executives describing an "expansionary moment" for Search that could support continued strength into 2026.
Alphabet (NASDAQ:GOOG | GOOG Price Prediction) and Broadcom (NASDAQ:AVGO) both delivered blockbuster AI quarters, but the results hide a widening strategic gap.
Alphabet (GOOG) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
Google will report its Q2 on Wednesday, July 22. Shares are down about 2.5% in the last month and 7% since my last update. I believe Google's AI-related spending spree has been backed up by strong results, and I continue to view the outlook as positive.
Whether you're a value, growth, or momentum investor, finding strong stocks becomes easier with the Zacks Style Scores, a top feature of the Zacks Premium research service.
Alphabet (NASDAQ:GOOG | GOOG Price Prediction) told investors on its Q1 2026 earnings call that it now expects to spend $180 billion to $190 billion on capital expenditures this year, raised from a prior range of $175 billion to $185 billion.
Recently, Zacks.com users have been paying close attention to Alphabet (GOOG). This makes it worthwhile to examine what the stock has in store.
Recently, Zacks.com users have been paying close attention to Alphabet (GOOGL). This makes it worthwhile to examine what the stock has in store.