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Alphabet Inc.

https://www.abc.xyz

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Alphabet Inc. provides 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 offers products and services, including ads, Android, Chrome, hardware, 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 store; and Fitbit wearable devices, Google Nest home products, Pixel phones, and other devices, as well as in the provision of YouTube non-advertising services. The Google Cloud segment offers infrastructure, platform, and other services; Google Workspace that include cloud-based collaboration tools for enterprises, such as Gmail, Docs, Drive, Calendar, and Meet; and other services for enterprise customers. The Other Bets segment sells health technology and internet services. The company was founded in 1998 and is headquartered in Mountain View, California.

Open

173.73

Mkt cap

2.1T

Volume

32M

High

174.14

P/E Ratio

23.28

52-wk high

191.75

Low

171.22

Div yield

0.00

52-wk low

127.90

Mark Zuckerberg, CEO of Meta Platforms Inc (META), discussed the ongoing trend of layoffs in the tech industry on 'The Morning Brew', attributing it to a shift towards more efficient operational models. He mentioned that the initial layoffs were a correction to the pandemic-induced expansion, but the trend continues as companies, including Meta, Microsoft (MSFT), and Alphabet's Google (GOOG), aim for leaner structures. Zuckerberg also highlighted competition with Apple (AAPL) in virtual reality and augmented reality, expressing respect for Apple's work despite a longstanding rivalry.

Portfolio Pulse from Bibhu Pattnaik

February 17, 2024 | 9:14 pm

Roku, Inc. (NASDAQ:ROKU) stock fell after reporting Q4 results with higher revenue but a larger EPS loss than expected. Despite beating revenue forecasts, its EPS loss of $(0.55) was below the expected $(0.54). Roku anticipates Q1 revenue above consensus, added 4.2 million net accounts, but saw a 4% decrease in average revenue per user. Analyst Jason Helfstein downgraded Roku to Perform. Roku introduced premium TVs and partnered with GroupM for ad buying. Its success is partly tied to Netflix's ad-supported tier expansion.

Portfolio Pulse from Anusuya Lahiri

February 16, 2024 | 4:34 pm

Bank of America's Michael Hartnett compares the surge in the 'Magnificent Seven' U.S. tech stocks (MSFT, AAPL, GOOG/GOOGL, AMZN, META, NVDA, TSLA) to historical market bubbles, highlighting the role of central bank easing and technological innovation in inflating asset prices. The stocks have gained 140% in the past year, nearing historic bubble proportions. Concerns arise from market concentration and the potential impact of rising Treasury yields, which have historically signaled bubble bursts. The SPDR S&P 500 ETF (SPY) and the Invesco S&P 500 Equal Weight ETF (RSP) are mentioned in relation to market breadth.

Portfolio Pulse from Piero Cingari

February 16, 2024 | 4:05 pm

The Market Clubhouse Morning Memo for February 16th, 2024, provides a trade strategy for SPY, QQQ, AAPL, MSFT, NVDA, GOOGL, META, and TSLA, based on a proprietary formula considering price, volume, and options flow. It outlines potential bullish and bearish price levels for each asset, emphasizing the importance of monitoring these stocks for breakouts or reversals. The trading session is expected to be volatile due to PPI numbers, MOPEX Friday, and speeches from FOMC members. The memo is part of exclusive content offered to Market Clubhouse members, including daily market analysis and live trading insights.

Portfolio Pulse from RIPS

February 16, 2024 | 3:37 pm

Alphabet Inc.'s Google quadrupled a salary offer to retain an employee targeted by Perplexity AI, highlighting the intense competition and talent wars in the AI sector. Despite recent layoffs, Google's move indicates the high value it places on key personnel. This comes as Google faces increasing competition from AI startups like OpenAI, backed by Microsoft, and others aiming to challenge Google Search's dominance.

Portfolio Pulse from Rounak Jain

February 16, 2024 | 11:22 am

Stanley Druckenmiller's Duquesne Family Office has sold its stakes in Alphabet Inc (GOOGL, GOOG) and Amazon.com Inc (AMZN), while increasing investments in Microsoft Corp (MSFT) and NVIDIA Corp (NVDA), focusing on AI technology. The firm increased its Microsoft stake by 6.7% and reduced Nvidia exposure by 29%, but acquired Nvidia call options worth over $242 million. Druckenmiller's bullish stance on AI has been consistent, with significant investments in Microsoft and Nvidia due to their AI initiatives. Nvidia's stock has surged nearly 90% in eight months, and Microsoft's recent earnings exceeded expectations, partly due to its AI integration.

Portfolio Pulse from Benzinga Neuro

February 16, 2024 | 9:41 am

Alphabet Inc.'s Waymo recalled 444 self-driving cars after two collisions in Phoenix, deploying an OTA fix. The incidents, involving no injuries, highlighted potential risks in autonomous vehicle technology. Waymo's recall, a first for autonomous vehicles, followed discussions with the NHTSA. The recall and software update were completed by Jan. 12. This event, along with a separate attack on a Waymo car in San Francisco, underscores the challenges facing self-driving vehicle operators.

Portfolio Pulse from Anan Ashraf

February 16, 2024 | 6:18 am

Alphabet Inc.'s Google announced the launch of a free, open-source AI-powered tool aimed at enhancing cybersecurity by detecting malware in services like Gmail and Google Drive. Additionally, Google plans to release a white paper at the Munich Security Conference, advocating for AI research and regulations in cybersecurity. This initiative is part of Google's broader effort to counter the increasing use of AI in cybercrime, as highlighted by a recent Microsoft report on state-sponsored criminal groups using AI tools like ChatGPT for cyber operations.

Portfolio Pulse from Ananya Gairola

February 16, 2024 | 5:48 am

Cathie Wood's Ark Invest sold shares of Coinbase (COIN), Nvidia (NVDA), and Alphabet (GOOGL), while buying shares of Unity Software (U) and 10X Genomics (TXG). The sales occurred despite Coinbase's surprise profit and amidst a Bitcoin rally. Nvidia and Alphabet shares were sold amid AI sector adjustments, with concerns over Nvidia's valuation and Alphabet facing new competition from OpenAI. Ark also increased investments in U and TXG, indicating a bullish outlook on gaming, software, and genomics sectors.

Portfolio Pulse from Benzinga Neuro

February 16, 2024 | 5:07 am

Bridgewater Associates, led by Ray Dalio, adjusted its portfolio in Q4 2023, making significant investments in tech and pharma sectors. New positions include AAPL, ORCL, CCI, CTRA, WFC, DAL, and LLY. The fund exited NFLX, TMO, MCHP, AKAM, and CEG. Notably, Bridgewater increased its NVDA stake by 458%, reflecting confidence in the tech sector, alongside investments in META, MSFT, and additional shares in GOOG. These strategic moves indicate a diversification and a bullish outlook on tech and healthcare.

Portfolio Pulse from Surbhi Jain

February 15, 2024 | 6:39 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.