Google Accelerates AI Innovation: JPMorgan Bullish On Alphabet As Apple-Microsoft Rivalry Intensifies
Portfolio Pulse from Surbhi Jain
Alphabet Inc. (GOOG, GOOGL) is rapidly advancing its AI capabilities, with JPMorgan reiterating an Overweight rating and a $200 price target by December 2024. Despite competitive pressures from Apple (AAPL) and Microsoft (MSFT), Google's AI innovations in search and advertising are expected to drive growth.
June 06, 2024 | 1:14 pm
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Potential partnership between Apple and OpenAI could position Apple ahead in the AI race, but Apple might still consider partnering with Google for its Gemini project.
While a potential partnership with OpenAI could boost Apple's AI capabilities, the existing relationship with Google for the Gemini project remains a possibility.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50
POSITIVE IMPACT
JPMorgan reiterates an Overweight rating on Alphabet with a $200 price target by December 2024, citing rapid AI advancements in search and advertising.
JPMorgan's bullish outlook and high price target are based on Alphabet's aggressive AI innovation, which is expected to drive significant growth in search and advertising.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
JPMorgan reiterates an Overweight rating on Alphabet with a $200 price target by December 2024, citing rapid AI advancements in search and advertising.
JPMorgan's bullish outlook and high price target are based on Alphabet's aggressive AI innovation, which is expected to drive significant growth in search and advertising.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
Microsoft could gain an edge in the AI race through a potential partnership between Apple and OpenAI, positioning it ahead of Google.
A potential partnership between Apple and OpenAI could enhance Microsoft's position in the AI race, potentially outpacing Google's advancements.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50