Streetbeat News

GOOG

Alphabet Inc.

Industry

Internet Content & Information

Alphabet Inc. offers various products and platforms in the United States, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America. It operates through Google Services, Google Cloud, and Other Bets segments. The Google Services segment provides products and services, including ads, Android, Chrome, devices, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube. It is also involved in the sale of apps and in-app purchases and digital content in the Google Play and YouTube; and devices, as well as in the provision of YouTube consumer subscription services. The Google Cloud segment offers infrastructure, cybersecurity, databases, analytics, AI, and other services; Google Workspace that include cloud-based communication and collaboration tools for enterprises, such as Gmail, Docs, Drive, Calendar, and Meet; and other services for enterprise customers. The Other Bets segment sells healthcare-related and internet services. The company was incorporated in 1998 and is headquartered in Mountain View, California.

Open

179.11

Mkt cap

2.2T

Volume

9.6M

High

181.64

P/E Ratio

24.09

52-wk high

193.31

Low

178.89

Div yield

0.00

52-wk low

129.40

The Arora Report suggests a major buying opportunity in the stock market if the market mechanic turns to the upside. The report highlights the potential for a short squeeze and run up in iShares 20 Plus Year Treasury Bond ETF (TLT) if favorable macro data is released. Weak data from Automatic Data Processing Inc (ADP) is lifting bonds and stocks. Money flows are positive in Amazon.com, Inc. (AMZN), Alphabet Inc Class C (GOOG), Meta Platforms Inc (META), NVIDIA Corp (NVDA), and Tesla Inc (TSLA), but negative in Apple Inc (AAPL) and Meta Platforms Inc (META). Money flows are mixed in SPDR S&P 500 ETF Trust (SPY) and Invesco QQQ Trust Series 1 (QQQ).

Portfolio Pulse from The Arora Report

October 04, 2023 | 2:31 pm

Google announced the pricing for its Pixel Watch 2 at $349 during the '23 Keynote Event.

Portfolio Pulse from Benzinga Newsdesk

October 04, 2023 | 2:25 pm

Google has announced the Pixel Watch 2 during its #MadeByGoogle Keynote Event. The announcement was made live on YouTube.

Portfolio Pulse from Benzinga Newsdesk

October 04, 2023 | 2:17 pm

September was a challenging month for investors, with the S&P 500 and Nasdaq 100 down about 5%. However, the Nasdaq futures have shown signs of recovery, bouncing back from a low of 14,600 points. Google and Nvidia, two tech stocks, also have similar support levels. The performance of these stocks in the coming weeks could indicate a potential end-of-year rally in the tech sector.

Portfolio Pulse from Thrash Capital

October 04, 2023 | 2:00 pm

Microsoft Corp. has updated Bing Chat with the latest version of OpenAI's Dall-E 3 image generator. Bing Chat users can now use the DALL-E model to generate better-quality images for free. Bing Chat gets DALL-E 3 even before OpenAI's own ChatGPT, which is scheduled to get this feature later this month. Bing Chat users get DALL-E access for free, while ChatGPT will make it available only to paying users. Microsoft has been increasingly integrating OpenAI technologies into its products.

Portfolio Pulse from Rounak Jain

October 04, 2023 | 12:17 pm

AI startup Anthropic is discussing a new $2 billion funding round with potential investors, including Alphabet Inc's Google, following Amazon's recent commitment to invest up to $4 billion in the company. The company aims to achieve a post-funding valuation of $20 billion - $30 billion, a significant increase from its $4 billion valuation in March. Anthropic is known for its generative AI models and plans to develop a more advanced model, Claude Next, requiring substantial capital due to its resource-intensive nature.

Portfolio Pulse from Anusuya Lahiri

October 04, 2023 | 11:28 am

Masayoshi Son, CEO of Softbank Group Corp, emphasized the importance of artificial general intelligence (AGI) during the company's annual event, predicting that AGI will surpass human intelligence within a decade. Son's advocacy comes amid a global race to harness AI's potential, led by tech giants like Meta Platforms Inc and Alphabet Inc. Son also revealed his daily interactions with GPT-4, an advanced AI model. SoftBank is preparing to re-enter tech investments, with a shift from a $43.9 billion investment in FY 2021 to a more modest $4 billion in the last fiscal year.

Portfolio Pulse from Anusuya Lahiri

October 04, 2023 | 11:01 am

A deepfake video on TikTok, owned by ByteDance Ltd., showed popular YouTuber MrBeast promoting a giveaway of 10,000 iPhone 15 Pros, which are produced by Apple Inc. (NASDAQ:AAPL). The video was taken down due to policy violations. This incident highlights the growing issue of deepfakes on social media platforms. Alphabet Inc (NASDAQ:GOOG) (NASDAQ:GOOGL) is developing solutions like SynthID to detect AI-generated images.

Portfolio Pulse from Rounak Jain

October 04, 2023 | 8:23 am

A widespread sell-off in the U.S. stock market was triggered by a surge in Treasury yields, with the 30-year yield reaching 4.95% and the 10-year yield climbing above 4.80%. This resulted in the highest levels for these rates in over 16 years. The CBOE Volatility Index (VIX) surged by 15%, reflecting increased market anxiety. Major stock indices and tech giants, including Apple, Microsoft, Alphabet, Amazon, Meta Platforms, NVIDIA, and Tesla, all experienced declines. The S&P 500 Index is nearing its 200-day moving average, a critical technical test that could indicate a change in trend.

Portfolio Pulse from Piero Cingari

October 03, 2023 | 8:52 pm

Several major companies, including General Motors, Ford Motor, Amazon, Meta Platforms, Alphabet Google, Microsoft, Stellantis, Rivian Automotive, Epic Games, Cisco Systems, Roku, Spotify Technology, and Snap have announced layoffs. The layoffs are attributed to the rise in AI investments and the transition to EVs. However, Apple has resisted the trend and continues to hire, with analysts attributing this to efficient hiring during the pandemic.

Portfolio Pulse from Upwallstreet

October 03, 2023 | 7:06 pm

All corporate logos and prices are for illustrative purposes only and are not a recommendation, an offer to sell, or a solicitation of an offer to buy any security.