Actionable Stock Market Trading Newswire. Built for Traders, by Traders.
All news is property of their respective owners.

Google Still Rules AI Search Game Vs Microsoft, Analyst Says After Event

Oppenheimer analyst Jason Helfstein had an Outperform rating on Alphabet Inc (NASDAQ:GOOG) (NASDAQ:GOOGL) Google with a $145 price target. On Wednesday, Alphabet hosted its…
byAnusuya Lahiri
May 11, 2023
1 minute read
Total
0
Shares
0
0
0
0
0
0
  • Oppenheimer analyst Jason Helfstein had an Outperform rating on Alphabet Inc (NASDAQ:GOOG) (NASDAQ:GOOGL) Google with a $145 price target.
  • On Wednesday, Alphabet hosted its annual developer conference Google I/O, focusing on how the company is integrating AI into its products.
  • The buoyant stock price movement from the event’s start reflects that the presentation largely suppressed near-term investor angst over the lack of AI innovation vs. Microsoft Corp (NASDAQ:MSFT) and OpenAI. 
  • While some of its GenAI capabilities resembled ChatGPT, Google showcased integration into Search while keeping blue links relevant. 
  • The company also showcased integrations with Gmail, Photos, Docs, Cloud & Maps.
  • The analyst remains confident of Google Search volume remaining uninterrupted by ChatGPT. Additionally, reports that Microsoft is eyeing a Firefox search deal as the Bing chatbot has failed to make a mark against Google further added to the analyst’s bullish thesis on Google.
  • Price Action: GOOG shares traded higher by 4.75% at $117.61 on the last check Thursday.
 
Total
0
Shares
Share 0
Tweet 0
Share 0
Share 0
Share 0
Share 0
Related Posts
Read More

Dollar Recovers, Fed Rate Hike Bets And Treasury Yields Rise As New York Manufacturing Activity Sharply Improves in April

By Piero Cingari
April 17, 12:07 PM
The U.S. dollar and Treasury bond yields are rebounding aggressively on Monday (April 17), as investors fear that a lack of recessionary threats will force the Federal Reserve to keep monetary conditions tight for an extended period of time.

TLT