Google said on Wednesday that it has acquired Israeli cybersecurity firm Wiz for $32 billion in cash, a full year after the companies announced the deal. This marks Google's biggest acquisition in its history.
French media group Canal+ on Wednesday said it had struck a multi-year partnership with Alphabet's Google Cloud to deploy generative artificial intelligence across its production operations and streaming platform.
Google is reportedly rolling out artificial intelligence (AI) agents to help the Pentagon automate its workforce.
In the most recent trading session, Alphabet (GOOGL) closed at $306.36, indicating a +2.63% shift from the previous trading day.
In the latest trading session, Alphabet Inc. (GOOG) closed at $306.01, marking a +2.58% move from the previous day.
Sundar Pichai's new pay package could be worth $692 million. Per a filing first spied by the FT, Alphabet has structured a three-year deal for its Google CEO that could make him one of the highest-paid executives on the planet — but most of it is tied to performance, including new stock incentives linked to Waymo and Wing, its drone delivery venture.
Alphabet, Google's parent company, was an early investor in AST SpaceMobile and currently holds 8.9 million shares. AST SpaceMobile is a satellite company looking to provide global cellular coverage from low Earth orbit.
Alphabet CEO Sundar Pichai will get a new performance-based equity pay package worth up to $692M. The new package ties Pichai's compensation partly to the financial performance of Waymo and Wing.
Google stock has surged 75% over the past twelve months, a performance that comfortably outpaces many of its large-cap technology peers. However, this price appreciation has shifted the narrative from "deep value" to a high-stakes "execution play.
Alphabet (GOOGL) reported earnings 30 days ago. What's next for the stock?
Google (GOOGL) remains a 'Strong buy' as it cements its position in generative and real-world AI, despite recent share price stagnation. GOOGL's AI partnerships, notably with Apple and major retailers, and the launch of cost-efficient Gemini models, expand its market reach and validate its innovation strategy. Waymo's valuation surge and rapid geographic expansion underscore Google's leadership in real-world AI, while the core digital advertising business continues generating robust cash flows.
Technology juggernaut Alphabet (NASDAQ:GOOG) continues to be a top pick of mine, Wall Street analysts, and most investors in the market.