GOOGL - Google Parent Alphabet To Gain From Hardware Advances Gemini Progress Analyst Sees Rising Cloud Margins | Benzinga
BofA Securities analyst Justin Post reiterated a Buy rating on Alphabet Inc. (NASDAQ:GOOG) (NASDAQ:GOOGL), with a price forecast of $173.
Google kicked off its annual Cloud Next event with a keynote announcing new custom AI chips (Axion & TPUs), platform-wide Gemini integration, strategic partnerships, and customer traction.
According to the analyst, Google’s hardware advances, Gemini progress, and AI-driven app demos should help sentiment on AI capabilities.
Apart from this, Google’s hardware advances, Gemini progress, and AI-driven app demos should help sentiment on AI capabilities, the analyst adds.
Post writes that the Cloud AI cycle could be underappreciated for the industry and a positive driver for Google stock given the growing scale ...