Organizations backing Google in an antitrust case brought by “Fortnite” maker Epic Games should not be allowed to obscure their financial ties to the Alphabet unit, the 9th Circuit U.S. Court of Appeals heard this week.
J.P. Morgan analyst Doug Anmuth said he sees room for Alphabet, Google’s parent, to gain ground on a variety of fronts, helping to lift the stock about 3% in midday trading. “We believe Alphabet’s fundamentals are solid and the company will remain both a driver of and primary beneficiary of an increasingly digital economy and advances in Generative AI,
JMP Securities cited “the risk of antitrust penalties that could significantly impact Google’s U.S. distribution of search and search revenue.”
If you need some, uh, different bad news to break up your already bad news day, here’s some: Google just donated $1 million to Trump’s inaugural fund, per The Washington Post. (We can’t use Bing anymore either, because that’s an AI wasteland. Apparently there’s an alternative engine called Swisscows.com? That one sounds nice.)
Analyst Justin Post of Bank of America Securities maintained a Buy rating on Alphabet Class A (GOOGL – Research Report), retaining the price
Alphabet's Google is facing a second complaint from a U.S. labor board claiming that it is the employer of contract workers and must bargain with their union, the agency said on Monday. The complaint issued by the National Labor Relations Board last week claims that Google is a "joint employer" of about 50 San Francisco-based content creation workers employed by IT firm Accenture Flex who voted to join the Alphabet Workers Union in 2023,
In December 2024, Google announced plans to integrate Gemini AI into its extended reality (XR) platform, Android XR, via Samsung's Project Moohan XR headset. "Alphabet’s Google TV to integrate Gemini AI" was originally created and published by Verdict, a GlobalData owned brand.
Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) had a solid 2024, with the stock up over 40% as of the time of writing. Furthermore, the stock is attractively priced, making Alphabet a great stock to consider heading into the new year.
According to data from S&P Global Market Intelligence, the stock finished the month up 12%. As you can see from the chart below, the gains came largely following the quantum computing announcement on Dec. 9. Alphabet shares jumped 5.6% on Dec. 10 and then another 5.5% on Dec. 11 following the news about Willow.
Alphabet Inc., Google’s parent company, is still one of the most lucrative technology corporations in the world. Alphabet does business through a matrix of prod
The company also rolled out groundbreaking technologies, rounded out its AI strategy despite a slew of embarrassing product incidents.