AWS vs. Google Cloud: Barometer CEO Interview Sheds Light, Analyst Stays Bullish on Alphabet
Portfolio Pulse from Anusuya Lahiri
Needham analyst Laura Martin reiterated a Buy rating and a $140 price target for Alphabet Inc (NASDAQ: GOOGL). Barometer CEO Tamara Zubatiy shared insights on Amazon.Com Inc (NASDAQ: AMZN) AWS and Google Cloud. Zubatiy expressed concerns about data privacy and generative AI outcomes with Google Cloud. She also mentioned latency issues and conflicts of interest with Microsoft Corp (NASDAQ: MSFT) Microsoft Cloud and Google Bard. Barometer is considering creating a parallel infrastructure on Google Cloud to hedge against potential AWS price increases.
August 11, 2023 | 6:56 pm
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NEGATIVE IMPACT
Alphabet Inc's Google Cloud is trying to attract Barometer from AWS, but concerns about data privacy and AI outcomes may hinder the transition. The company's stock was slightly down.
The concerns expressed by Barometer's CEO about Google Cloud could potentially impact the perception of Alphabet's cloud services, which could negatively affect the company's stock in the short term.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Microsoft Corp's Microsoft Cloud was mentioned as having latency issues and conflicts of interest by Barometer's CEO.
The negative comments about Microsoft Cloud could potentially impact the perception of Microsoft's cloud services, which could negatively affect the company's stock in the short term.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 60
NEUTRAL IMPACT
Amazon's AWS is currently used by Barometer, and the company is considering creating a parallel infrastructure on Google Cloud to hedge against potential AWS price increases.
While Barometer is considering Google Cloud as a hedge, it currently uses AWS and has invested heavily in training on it. This could mean a neutral impact on Amazon's stock in the short term.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 70