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Alphabet Inc.

Industry

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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 stock market is poised for a rally, but upcoming economic data and earnings from major companies like Home Depot and Walmart will be crucial. The market reaction function has shifted to 'good news is good news and bad news is bad news.' Money flows are positive in NVDA, MSFT, SPY, and QQQ, while neutral in AAPL, AMZN, GOOG, META, and TSLA. Bitcoin has dropped below $60,000 due to lack of whale activity.

Portfolio Pulse from The Arora Report

August 12, 2024 | 2:27 pm

Thomson Reuters has announced CoCounsel 2.0, a next-gen GenAI assistant that combines the capabilities of Google Cloud AI and OpenAI. This new version is three times faster, more intuitive, and delivers more nuanced results, marking a significant milestone in the company's vision for a single GenAI assistant to streamline workflows across industries.

Portfolio Pulse from Benzinga Newsdesk

August 12, 2024 | 1:10 pm

Wipro Limited has expanded its strategic partnership with Google Cloud to adopt Google Cloud AI technologies, including Vertex AI and Gemini models. This collaboration aims to enhance developer productivity, accelerate cloud migrations, and deliver innovative GenAI solutions.

Portfolio Pulse from Benzinga Newsdesk

August 12, 2024 | 10:45 am

Tesla's long-term success hinges on the deployment of its robotaxi service, which relies on its Full Self-Driving (FSD) technology. A poll by Gary Black of Future Fund LLC revealed that nearly 50% of respondents expect FSD approval by 2025. Tesla's latest FSD version, 12.5.1.3, is rolling out, but regulatory approval is complex and state-specific. Tesla's robotaxi network will likely roll out in stages, with significant infrastructure and licensing requirements.

Portfolio Pulse from Shanthi Rexaline

August 12, 2024 | 10:01 am

Waymo, a subsidiary of Alphabet Inc., has been causing disturbances in a San Francisco parking lot with its autonomous vehicles honking for extended periods. The company is aware of the issue and is working on a solution. This comes at a crucial time as Alphabet recently invested $5 billion in Waymo to bolster its technology and commercialization efforts. Waymo's performance sets a high standard for competitors like Tesla, which must meet similar metrics for regulatory approval of their robotaxi services.

Portfolio Pulse from Benzinga Neuro

August 12, 2024 | 6:36 am

The article covers various updates in the consumer tech sector, including earnings reports from Palantir, Reddit, Walt Disney, and Bumble. It also discusses legal issues faced by CrowdStrike and Alphabet, gaming updates from Microsoft and Sony, and technology developments from Nvidia, Meta, and Apple.

Portfolio Pulse from Lekha Gupta

August 11, 2024 | 5:00 pm

Perplexity AI's revenue and usage have surged by 700% since the start of the year, driven by a $250 million funding round. The company is transitioning from a subscription-based model to an advertising model to compete with Google. Investors include Nvidia, Jeff Bezos, and others. The company has faced plagiarism allegations but has made changes to address them.

Portfolio Pulse from Michael Juliano

August 09, 2024 | 6:18 pm

Google has announced the release of Apache Airflow operators for its Generative AI, aiming to streamline AI workflows and enhance integration with its cloud services.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2024 | 4:16 pm

The stock market is experiencing a consolidation phase with mixed money flows in major tech stocks and ETFs. Despite a weak Treasury auction, the market saw a strong oversold bounce driven by short covering. Fed officials are not in favor of an emergency rate cut, and Bitcoin has surged above $60,000. Investors are advised to maintain a protection band and consider tactical positions in bonds.

Portfolio Pulse from The Arora Report

August 09, 2024 | 4:01 pm

Alphabet Inc. (NASDAQ:GOOG) (NASDAQ:GOOGL) is trading at its lowest valuation among the Magnificent Seven tech giants, despite a 13.24% stock dip due to an ongoing antitrust lawsuit. The lawsuit, which targets Alphabet's search distribution agreements, could impact up to 25% of Google's Search revenue. However, the current forward P/E multiple of 21.42 presents a potentially undervalued opportunity for investors.

Portfolio Pulse from Surbhi Jain

August 09, 2024 | 2:39 pm

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