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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

The article discusses the impact of the Bank of Japan's rate hike on global stocks, particularly through the unwinding of carry trades. This has led to aggressive selling in AI-related semiconductor stocks and the Magnificent Seven stocks. Warren Buffett's Berkshire Hathaway has sold a significant portion of its Apple holdings, increasing its cash position. The article also mentions delays in NVIDIA's next-generation chip and negative money flows in major ETFs and stocks. Investors are advised to consider hedges and protection bands to navigate the current market volatility.

Portfolio Pulse from The Arora Report

August 08, 2024 | 1:37 pm

The article discusses the current market conditions, focusing on the Nasdaq 100 ETF (QQQ) and the impact of the carry trade unwind. It highlights that there is no 'back up the truck and buy stocks' signal yet, and CTAs are likely to sell rallies. Positive money flows are noted in several major tech stocks and ETFs, while Apple (AAPL) sees negative flows. The article also touches on the importance of maintaining a protection band and the traditional 60/40 portfolio strategy.

Portfolio Pulse from The Arora Report

August 08, 2024 | 1:36 pm

A major security vulnerability has been discovered in popular browsers including Apple’s Safari, Google Chrome, and Mozilla Firefox, allowing hackers to infiltrate private networks. The issue involves the processing of queries to the 0.0.0.0 IP address. Apple and Google are working on fixes, while Mozilla has not yet introduced a solution. Microsoft’s Windows systems are immune to this attack.

Portfolio Pulse from Ananya Gairola

August 08, 2024 | 8:26 am

Apple Inc. (NASDAQ:AAPL) may charge up to $20 for its advanced AI features, potentially boosting its services segment. This move contrasts with rivals like Google (NASDAQ:GOOGL) and Samsung, which currently offer many AI services for free. The high cost of AI development is a driving factor behind this potential pricing strategy.

Portfolio Pulse from Benzinga Neuro

August 08, 2024 | 8:00 am

YouTube Shorts, Google's (NASDAQ:GOOG) (NASDAQ:GOOGL) short-form video platform, has reached 1 trillion views in India. CEO Neal Mohan announced this milestone at the YouTube Brandcast event in New Delhi, highlighting the platform's immense popularity and the flourishing creator community in India.

Portfolio Pulse from Ananthu C U

August 08, 2024 | 6:59 am

Alphabet (GOOGL, GOOG) faces a significant antitrust ruling, deemed 'credit negative' by Moody's, which may force the company to alter its profitable business model. The ruling also negatively impacts Apple (AAPL) due to its revenue from Google being the default search engine on iOS devices. The financial implications for both companies will become clearer during the remedy phase of the trial.

Portfolio Pulse from Shanthi Rexaline

August 08, 2024 | 6:46 am

Intel Corp (NASDAQ:INTC) plans to lay off around 19,000 employees as part of a cost-reduction strategy, which includes reducing operating expenses and capital expenditures by over $10 billion by 2025. The article compares Intel's salary offers to those of other tech giants like Nvidia, Microsoft, OpenAI, Apple, and Alphabet.

Portfolio Pulse from Adam Eckert

August 07, 2024 | 7:51 pm

Alphabet Inc. (NASDAQ:GOOG, NASDAQ:GOOGL) faces a mixed outlook as it deals with a recent court ruling labeling it a monopoly. Despite this, Bank of America analyst Justin Post remains bullish, reiterating a Buy rating with a $206 price target. Post highlights Alphabet's strong position in AI, particularly with Google Gemini, and its dominance over OpenAI's ChatGPT. He believes Alphabet's AI advancements and cost management will drive future growth.

Portfolio Pulse from Hayden Buckfire

August 07, 2024 | 6:35 pm

Roche Holding AG is considering selling Flatiron Health, a cancer data specialist it acquired in 2018 for $1.9 billion. The move highlights the challenges large pharmaceutical companies face when investing in early-stage health tech firms. Flatiron's association with Roche has deterred some rival drugmakers, impacting its sales. Roche is working with Citigroup to explore strategic options for Flatiron, including a potential divestiture or partial sale.

Portfolio Pulse from Vandana Singh

August 07, 2024 | 3:25 pm

Reddit Inc. (NYSE:RDDT) has projected Q3 revenue above Wall Street expectations, indicating a rebounding digital ad market. Despite this, the stock declined due to the upcoming end of the pre-IPO lockup, low ARPU growth, and a conservative forecast. Reddit's strong Q2 performance and content licensing deals with Alphabet Inc. (NASDAQ:GOOGL) and Microsoft Corp. (NASDAQ:MSFT) backed OpenAI have sparked optimism.

Portfolio Pulse from Benzinga Neuro

August 07, 2024 | 1:41 am

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