GOOGL benefits from surging AI infrastructure demand as Google Cloud tops $20B in quarterly revenues, and enterprise AI adoption drives a growing backlog.
Google is reportedly losing ground to other tech companies as consumers shift to non-AI search. That's according to a report Tuesday (June 23) from CNBC, which notes that while Google has so far disproved predictions that ChatGPT would mark its end, cracks have begun to appear in the tech giant's core business.
Alphabet (NASDAQ:GOOGL | GOOGL Price Prediction) has been one of the loudest AI winners of the past 12 months, but a sharp June pullback has reset the setup heading into the second half of 2026.
Alphabet (GOOGL) is finally due for a timely upgrade, as its AI-driven growth narrative has regained traction as it looks to take share from Nvidia. GOOGL's $85B secondary offering and Berkshire Hathaway's $10B stake reinforce its pivotal role in the multi-year AI infrastructure buildout. The market can take more AI spending. The company's expanding cloud and chip businesses, validated by partnerships like Anthropic, position it to capture AI inferencing market share. Nvidia needs to watch out.
In the closing of the recent trading day, Alphabet Inc. (GOOG) stood at $348.71, denoting a -5.1% move from the preceding trading day.
The latest trading day saw Alphabet (GOOGL) settling at $349.56, representing a -5.02% change from its previous close.
Google lost senior research scientist and Nobel Prize winner John Jumper, who announced late Friday he was exiting DeepMind AI lab for a role at Anthropic. That news came just days after another key executive Noam Shazeer, who served as co-lead of Google's flagship Gemini AI models, ditched the company for a role at OpenAI.
A new alliance has formed between a Hollywood studio and a tech juggernaut.
Alphabet Inc (NASDAQ:GOOG) shares fell 5.5% on Monday after the company lost two of its most prominent artificial intelligence researchers to rivals, raising concerns about a brain drain at the heart of its AI ambitions. Noam Shazeer, Google DeepMind's vice president of engineering and co-lead of the Gemini AI models, has left to join OpenAI.
Google DeepMind and independent movie studio A24 entered into a partnership to explore how AI can support filmmakers and creative professionals, the companies said on Monday.
Two AI leaders, including a Nobel laureate, recently said they would leave Google for rival labs.
Alphabet shares slid 7%, on track for the search giant's worst day in a year. Alphabet company Google has seen consecutive high-profile researchers leave in the last several days.