Alphabet Heads Toward $2 Trillion With Investors Cheering AI Progress

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Alphabet Heads Toward $2 Trillion With Investors Cheering AI Progress

Bloomberg04-11

Stock would be fourth US firm to breach $2 trillion in valueUp to last close, Alphabet shares have rallied 12% this year(Bloomberg) -- Investors are becoming more optimistic about Alphabet Inc.’s ...

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Merdeka1981
·04-11
Let's just hope the various quarterly reports would bring in windfalls of growth spurts instead of being hammered as like the last few quarters. Let's not forget that alphabet went thru miserable times each time they reported earnings in the last few quarters.
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It has rallied back from last month’s low, when the shares dropped on concerns the company was falling behind in AI. Using this week’s cloud event to show that its AI model is enterprise-ready despite recent stumbles in its consumer-facing tools, focus is now turning to this month’s earnings and a developer’s conference in May. While Alphabet’s path to AI monetization is still seen as cloudy, the stock’s relatively cheap valuation has kept it attractive to many on Wall Street.  “While the headlines haven’t been favorable, Google’s role in generative AI products will present massive growth opportunities for the stock,” said Sylvia Jablonski, chief executive officer at Defiance ETFs. Alphabet is also set to benefit from making its own generative AI tools that can power more precise ads and increase revenues from ad spend, she added. Alphabet’s misfiring Gemini product had been viewed as a major setback for a firm known for its technological prowess, with the company in February pausing an image generation feature that drew criticism over inaccurate historical depictions of race.The company’s cloud computing conference in Las Vegas this week offered investors some reassurance, as the firm showed how Gemini can be used to create advertisements, prevent cybersecurity threats and spin up short videos and podcasts. Google also showed a new chip designed to handle AI workloads. News that Apple Inc. is considering using Google’s Gemini technology to power AI services added more fuel to the rebound. Up to the last close, shares are up 12% this year.“Google’s hardware advances, Gemini progress, and AI driven app demos should help sentiment on AI capabilities,” Bank of Amercia Corp. analyst Justin Post wrote in a note Tuesday. “We see Cloud as positive driver for stock given AI credibility, faster growth, improving margins.”  The stock trades at 21 times forward earnings, below Microsoft’s 33 times, and about the same as the S&P 500 Index. Read more: Alphabet’s AI Missteps Are Opportunity For One Fund Manager Still, not all are convinced by the discount, despite “plenty of people that are making the argument that it’s so cheap right now,” said Michael Lippert, vice president and portfolio manager at the Baron Opportunity Fund. Given the competitive search space, Alphabet “should be investing every single dollar at a higher ROI (return on investment) into their own businesses,” he said.  For now, the company’s updates have at least offered investors some encouragement. JP Morgan Chase & Co. analyst Doug Anmuth noting this week that he expected Gemini integration to result in more than 20% revenue growth for Google Cloud.","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":0},"commentList":[{"id":294178093121720,"gmtCreate":1712843829699,"gmtModify":1712843833500,"author":{"id":"4102568791638160","authorId":"4102568791638160","name":"Merdeka1981","avatar":"https://community-static.tradeup.com/news/370fc16a4d1090b47fe92034808ebbdd","vip":1,"hat":"https://static.tigerbbs.com/b0a2963eb37c60c5d6d4a8dbcd266952","crmLevel":5,"crmLevelSwitch":0},"htmlText":"Let's just hope the various quarterly reports would bring in windfalls of growth spurts instead of being hammered as like the last few quarters. Let's not forget that alphabet went thru miserable times each time they reported earnings in the last few quarters.","listText":"Let's just hope the various quarterly reports would bring in windfalls of growth spurts instead of being hammered as like the last few quarters. Let's not forget that alphabet went thru miserable times each time they reported earnings in the last few quarters.","text":"Let's just hope the various quarterly reports would bring in windfalls of growth spurts instead of being hammered as like the last few quarters. Let's not forget that alphabet went thru miserable times each time they reported earnings in the last few quarters.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/294178093121720","repostId":2426252091,"repostType":2,"repost":{"id":"2426252091","pubTimestamp":1712843395,"share":"https://www.laohu8.com/m/news/2426252091?lang=&edition=full","pubTime":"2024-04-11 21:49","market":"us","language":"en","title":"Alphabet Heads Toward $2 Trillion With Investors Cheering AI Progress","url":"https://stock-news.laohu8.com/highlight/detail?id=2426252091","media":"Bloomberg","summary":" -- Investors are becoming more optimistic about Alphabet Inc.’s artificial intelligence strategy, after a run of glitches and misfires that sent its shares tumbling.US Sees Imminent Missile Strike on Israel by Iran, Proxies. US Slams Strikes on Russia Oil Refineries as Risk to Oil Markets. Vietnam Tycoon Lan Sentenced to Death Over $12 Billion Fraud. Chinese Cement Maker Halted After 99% Crash in 15 Minutes. The stock is heading back toward what would be a record $2 trillion market value — a milestone surpassed only by Microsoft Corp., Apple Inc. and Nvidia Corp. in the United States. It has rallied back from last month’s low, when the shares dropped on concerns the company was falling behind in AI.Still, not all are convinced by the discount, despite “plenty of people that are making the argument that it’s so cheap right now,” said Michael Lippert, vice president and portfolio manager at the Baron Opportunity Fund.","content":"<html><head></head><body><ul style=\"\"><li><p>Stock would be fourth US firm to breach $2 trillion in value</p></li><li><p>Up to last close, Alphabet shares have rallied 12% this year</p></li></ul><p>(Bloomberg) -- Investors are becoming more optimistic about Alphabet Inc.’s artificial intelligence strategy, after a run of glitches and misfires that sent its shares tumbling.  </p><p>The stock is heading back toward what would be a record $2 trillion market value — a milestone surpassed only by Microsoft Corp., Apple Inc. and Nvidia Corp. in the United States. It has rallied back from last month’s low, when the shares dropped on concerns the company was falling behind in AI. </p><p>Using this week’s cloud event to show that its AI model is enterprise-ready despite recent stumbles in its consumer-facing tools, focus is now turning to this month’s earnings and a developer’s conference in May. While Alphabet’s path to AI monetization is still seen as cloudy, the stock’s relatively cheap valuation has kept it attractive to many on Wall Street.  </p><p>“While the headlines haven’t been favorable, Google’s role in generative AI products will present massive growth opportunities for the stock,” said Sylvia Jablonski, chief executive officer at Defiance ETFs. Alphabet is also set to benefit from making its own generative AI tools that can power more precise ads and increase revenues from ad spend, she added. </p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/15a236bdccabbc497ac08ba2c99a4830\" tg-width=\"1200\" tg-height=\"675\"/></p><p>Alphabet’s misfiring Gemini product had been viewed as a major setback for a firm known for its technological prowess, with the company in February pausing an image generation feature that drew criticism over inaccurate historical depictions of race.</p><p>The company’s cloud computing conference in Las Vegas this week offered investors some reassurance, as the firm showed how Gemini can be used to create advertisements, prevent cybersecurity threats and spin up short videos and podcasts. Google also showed a new chip designed to handle AI workloads. </p><p>News that Apple Inc. is considering using Google’s Gemini technology to power AI services added more fuel to the rebound. Up to the last close, shares are up 12% this year.</p><p>“Google’s hardware advances, Gemini progress, and AI driven app demos should help sentiment on AI capabilities,” Bank of Amercia Corp. analyst Justin Post wrote in a note Tuesday. “We see Cloud as positive driver for stock given AI credibility, faster growth, improving margins.”  </p><p>The stock trades at 21 times forward earnings, below Microsoft’s 33 times, and about the same as the S&amp;P 500 Index. </p><p>Read more: Alphabet’s AI Missteps Are Opportunity For One Fund Manager </p><p>Still, not all are convinced by the discount, despite “plenty of people that are making the argument that it’s so cheap right now,” said Michael Lippert, vice president and portfolio manager at the Baron Opportunity Fund. </p><p>Given the competitive search space, Alphabet “should be investing every single dollar at a higher ROI (return on investment) into their own businesses,” he said.  </p><p>For now, the company’s updates have at least offered investors some encouragement. JP Morgan Chase &amp; Co. analyst Doug Anmuth noting this week that he expected Gemini integration to result in more than 20% revenue growth for Google Cloud. </p></body></html>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Alphabet Heads Toward $2 Trillion With Investors Cheering AI Progress</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAlphabet Heads Toward $2 Trillion With Investors Cheering AI Progress\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-04-11 21:49 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2024-04-11/alphabet-heads-toward-2-trillion-as-investors-cheer-ai-progress?srnd=homepage-asia><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Stock would be fourth US firm to breach $2 trillion in valueUp to last close, Alphabet shares have rallied 12% this year(Bloomberg) -- Investors are becoming more optimistic about Alphabet Inc.’s ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2024-04-11/alphabet-heads-toward-2-trillion-as-investors-cheer-ai-progress?srnd=homepage-asia\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LU0109391861.USD":"富兰克林美国机遇基金A Acc","LU1839511570.USD":"WELLS FARGO GLOBAL FACTOR ENHANCED EQUITY \"I\" (USD) ACC","IE0004445239.USD":"JANUS HENDERSON US FORTY \"A2\" (USD) ACC","LU0053666078.USD":"摩根大通基金-美国股票A（离岸）美元","IE00BJTD4V19.USD":"NEUBERGER BERMAN US LONG SHORT EQUITY \"A1\" (USD) ACC","BK4534":"瑞士信贷持仓","LU2237443382.USD":"Aberdeen Standard SICAV I - 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It has rallied back from last month’s low, when the shares dropped on concerns the company was falling behind in AI. Using this week’s cloud event to show that its AI model is enterprise-ready despite recent stumbles in its consumer-facing tools, focus is now turning to this month’s earnings and a developer’s conference in May. While Alphabet’s path to AI monetization is still seen as cloudy, the stock’s relatively cheap valuation has kept it attractive to many on Wall Street.  “While the headlines haven’t been favorable, Google’s role in generative AI products will present massive growth opportunities for the stock,” said Sylvia Jablonski, chief executive officer at Defiance ETFs. Alphabet is also set to benefit from making its own generative AI tools that can power more precise ads and increase revenues from ad spend, she added. Alphabet’s misfiring Gemini product had been viewed as a major setback for a firm known for its technological prowess, with the company in February pausing an image generation feature that drew criticism over inaccurate historical depictions of race.The company’s cloud computing conference in Las Vegas this week offered investors some reassurance, as the firm showed how Gemini can be used to create advertisements, prevent cybersecurity threats and spin up short videos and podcasts. Google also showed a new chip designed to handle AI workloads. News that Apple Inc. is considering using Google’s Gemini technology to power AI services added more fuel to the rebound. Up to the last close, shares are up 12% this year.“Google’s hardware advances, Gemini progress, and AI driven app demos should help sentiment on AI capabilities,” Bank of Amercia Corp. analyst Justin Post wrote in a note Tuesday. “We see Cloud as positive driver for stock given AI credibility, faster growth, improving margins.”  The stock trades at 21 times forward earnings, below Microsoft’s 33 times, and about the same as the S&P 500 Index. Read more: Alphabet’s AI Missteps Are Opportunity For One Fund Manager Still, not all are convinced by the discount, despite “plenty of people that are making the argument that it’s so cheap right now,” said Michael Lippert, vice president and portfolio manager at the Baron Opportunity Fund. Given the competitive search space, Alphabet “should be investing every single dollar at a higher ROI (return on investment) into their own businesses,” he said.  For now, the company’s updates have at least offered investors some encouragement. JP Morgan Chase & Co. analyst Doug Anmuth noting this week that he expected Gemini integration to result in more than 20% revenue growth for Google Cloud.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":8,"commentSize":0,"repostSize":1,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}