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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

192.71

Mkt cap

2.3T

Volume

18M

High

194.34

P/E Ratio

25.42

52-wk high

196.89

Low

191.26

Div yield

0.00

52-wk low

131.55

Lyft's stock is down as Uber extends its collaboration with Waymo for autonomous ride-hailing. Uber's diversified services and strong financial performance contrast with Lyft's cost-cutting measures, including layoffs and asset disposals.

Portfolio Pulse from Anusuya Lahiri

September 13, 2024 | 6:42 pm

Alphabet Inc. (GOOGL, GOOG) is in bear market territory, down 35% from its highs. The stock is trading below key moving averages, indicating a bearish trend. Regulatory scrutiny and high AI spending contribute to investor anxiety. Despite this, Alphabet's strong balance sheet and growth potential suggest a possible long-term rebound.

Portfolio Pulse from Surbhi Jain

September 13, 2024 | 4:28 pm

EU antitrust officials are expected to order Google to cease anti-competitive practices in its AdTech business, but will not mandate a break-up at this time. A break-up order could be considered later if issues persist. The decision is anticipated by the end of 2024 or 2025.

Portfolio Pulse from Benzinga Newsdesk

September 13, 2024 | 4:10 pm

Google will start accepting and running ads for affiliates with eligibility permits from the Hellenic Gaming Commission starting September 30, 2024. This update will be reflected on the Gambling & Games Policy page.

Portfolio Pulse from Benzinga Newsdesk

September 13, 2024 | 4:07 pm

Gold has reached a new all-time high, driven by rumors of a 50 basis point interest rate cut. The SPDR Gold Trust (GLD) has shown a breakout on higher volume, indicating strong investor conviction. The Arora Report suggests that if the Fed does not cut rates, a pullback in gold could occur, presenting a buying opportunity. Meanwhile, Adobe's earnings fell short of expectations, while RH showed resilience in high-end consumer spending. Money flows are positive in Apple and Alphabet, neutral in Amazon and NVIDIA, and negative in Microsoft, Meta, and Tesla. SPDR S&P 500 ETF Trust (SPY) sees positive flows, while Invesco QQQ Trust (QQQ) sees negative flows.

Portfolio Pulse from The Arora Report

September 13, 2024 | 3:29 pm

Uber and Waymo are expanding their partnership to introduce autonomous ride-hailing services in Austin and Atlanta by early 2025. Uber will manage a fleet of Waymo's autonomous Jaguar I-PACE vehicles for various Uber services.

Portfolio Pulse from Benzinga Newsdesk

September 13, 2024 | 1:01 pm

Oracle Corp is gaining momentum in the AI and cloud space, with a 45% revenue increase in its cloud infrastructure unit. Despite being overshadowed by Nvidia and Meta, Oracle's partnerships with major cloud players and AI-driven innovations are attracting investor attention.

Portfolio Pulse from Surbhi Jain

September 13, 2024 | 12:23 pm

Microsoft has appointed former GE CFO Carolina Dybeck Happe as its new COO to enhance its focus on cloud and AI. This move aligns with Microsoft's strategy to strengthen its position in the cloud services market against Amazon. The hiring follows a recent outage involving CrowdStrike that affected Microsoft devices. Microsoft has also made other strategic hires, including Mustafa Suleyman from Google DeepMind. The stock has gained over 27% in the last year, with a current price above its 200-day moving average, indicating a bullish trend.

Portfolio Pulse from Anusuya Lahiri

September 13, 2024 | 12:02 pm

Sergey Brin, co-founder of Alphabet Inc., admitted that Google was overly cautious in deploying language models, despite pioneering the technology. He emphasized the need for risk-taking in the tech industry, suggesting that these models should be released for public experimentation. This cautious approach has been criticized, with some claiming Google is behind in AI development compared to OpenAI.

Portfolio Pulse from Ananya Gairola

September 13, 2024 | 7:39 am

The S&P 500 gained for the fourth consecutive session, driven by tech stocks like Nvidia and Alphabet. Despite the gains, the CNN Money Fear and Greed index remains in the 'Fear' zone. Signet Jewelers reported strong earnings, and investors are awaiting results from SelectQuote and Cheetah Mobile.

Portfolio Pulse from Avi Kapoor

September 13, 2024 | 5:22 am

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