Google Accelerates AI Innovation: JPMorgan Bullish On Alphabet As Apple-Microsoft Rivalry Intensifies ...Middle East

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Alphabet Inc. GOOG GOOGL is on the offensive, rapidly advancing its AI capabilities despite market noise and competitive pressures. Following impressive showcases at Google I/O and Google Marketing Live (GML), the company is pushing boundaries in generative AI, aiming to reshape search and advertising. The Google Analyst JPMorgan analyst Doug Anmuth reiterates an Overweight rating on Alphabet, with a price target of $200 by December 2024. Anmuth highlights Google’s aggressive pace in AI innovation, which he believes will overshadow short-term setbacks. “The company is on the offensive in Gen AI, w/a faster pace of innovation as AI Overviews in Search expand to general users & advertisers,

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