The Turkish Competition Board said on Friday it had decided to launch an investigation into Alphabet Inc and related Google companies over its advertising and billing practices.
As Meta Platforms and Alphabet-owned Google head into a closely watched earnings season after a major legal setback, analysts say the results could serve as the next catalyst for the stocks. Analysts at Wells Fargo have reiterated an overweight rating on both companies, signalling continued confidence in their long-term outlook, even though they have trimmed the price targets.
Alphabet (NASDAQ:GOOG | GOOG Price Prediction) continues to be an AI force, even as shares come in due to broader market fears and distaste for hefty CapEx.
Lots of analyst updates hit the wire into Thursday's trading session, including price target cuts from Wells Fargo on Alphabet (GOOGL) and Meta Platforms (META) over AI CapEx expectations. TD Cowen updated its view on airlines stocks while Keybanc upgraded Chili's parent company, Brinker (EAT).
My portfolio has benefited from the hyperscaler capex race for the better part of two years now, and even I did a double-take when Dylan Patel, CEO of semiconductor and AI research firm Semianalysis, dropped this on live television: Google's free cash flow will be basically zero next year.
In the latest trading session, Alphabet Inc. (GOOG) closed at $294.9, marking a +2.8% move from the previous day.
Alphabet Inc.'s Google is facing mounting pressure from child development experts to stop AI-generated videos from being shown or recommended to children on YouTube and YouTube Kids. On Wednesday, over 200 experts, organisations, and educational institutions sent a letter to Google CEO Sundar Pichai and YouTube CEO Neal Mohan, raising concerns about the educational value and quality of AI videos targeting young viewers.
Breaking the encryption behind major cryptocurrencies like bitcoin and ether may be easier than previously thought, according to a new research paper from Google released Tuesday.
Alphabet (NASDAQ:GOOGL | GOOGL Price Prediction) shares rose approximately 4.83% in Tuesday's session, climbing from an opening price of $273.50 to trade at around $287.
In my latest article on Micron, I examine the recent developments that support my "strong buy" rating. While Alphabet's new algorithms have raised concerns, they are a "gift" that will only drive higher memory chip sales in the future. A fresh valuation of MU's potential upside shows an increasing discount relative to the market median.
Alphabet's new compression algorithm could give the company another big cost advantage. The company's custom chips already give it an edge in this area.
Alphabet Inc. shares have dropped 21% since February, entering bear market territory amid concerns over a recent YouTube-related lawsuit. I view the $6 million LA jury verdict as a one-off event, unlikely to trigger cascading legal or regulatory risks for GOOGL. GOOGL's forward P/E premium of 83.4% is justified by 236% higher revenue growth versus the sector; I see 19.9% upside if the forward P/E premium expands to 100%.