To The Moon

1. $Alphabet(GOOG)$ Hits 52-week High After Announcing It’s “AI Monetary“Plan?

This mega-cap tech hitting a 52-week high on Tuesday and continues to rise on Wednesday, which is proving to be the next big AI play after $NVIDIA Corp(NVDA)$?

2. What Will Drive $Alphabet(GOOG)$ Higher？

• Business: $Alphabet(GOOG)$ plans to start charging large businesses $30 per month for each user of its artificial intelligence enhancements that are being added to Gmail and other productivity apps, the company said Tuesday.

• Earnings: Alphabet (GOOGL) Q2 2023 Earnings Call Transcript Summary @TigerGPT Google reported revenue of $74.6 billion, beating expectations for $72.75 billion while reporting earnings per share of $1.44, more than the $1.32 expected by analysts.

• Valuation: According to $Alphabet(GOOG)$ 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 27.22, lower than the average data of 29.15.

• YTD 2023: $Alphabet(GOOG)$ has experienced a 4.77% weekly gain and a 3-month gain of 2.87%. The YTD 2023 is 54.32%.

• Target Price From Tiprank: Based on 36 Wall Street analysts offering 12 month price targets for Alphabet Class A in the last 3 months. The average price target is $150.67 with a high forecast of $200.00 and a low forecast of $121.00. The average price target represents a 11.96% change from the last price of $134.57.

3. More Discussions on $Alphabet(GOOG)$

@J.C. Parets: We just put on a Bullish Risk Reversal in $Google Long March 150 $Alphabet(GOOG)$ Calls and Short an equal amount of the March 125 Puts. Do you like this trade?

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@TrendSpider $Alphabet(GOOG)$ Watch closely how $Alphabet(GOOG)$ reacts to wedge resistance here after closing up against it today...

4. Question for Tigers（All valid and top 10 most popular stocks will be rewarded by Tiger Coins)

• Do you think the $Alphabet(GOOG)$ will show a breakout or rejection?

• Why and What’s your target price for $Alphabet(GOOG)$ ?

• Any other stocks are shaping the same pattern?

  

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