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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

177.41

Mkt cap

2.2T

Volume

13M

High

179.97

P/E Ratio

23.83

52-wk high

191.75

Low

177.19

Div yield

0.00

52-wk low

127.90

Bank of America's Chief Investment Strategist, Michael Hartnett, suggests that the current bull market is a reflection of a bull market in monopolies and oligopolies. He highlights the 'Magnificent 7' tech giants (AAPL, MSFT, GOOG, GOOGL, AMZN, META, NVDA, TSLA) as the dominant force in stock market returns for 2023. Other companies like LLY, BX, COST, WMT are also contributing significantly. The SPY ETF has shown a YTD gain of 13%, and the QQQ ETF a 35% increase, while the RSP ETF has struggled to maintain positive territory. Hartnett predicts the next bull market will begin with lots of cheap stocks, with VTRS and UAL currently among the most attractively priced companies within the S&P 500 index.

Portfolio Pulse from Piero Cingari

September 22, 2023 | 2:46 pm

Nvidia Corp's stock is trading higher despite U.S. Chips Act policies against China and competition from Huawei's Kirin 9000s processor. China, including Hong Kong, accounted for over 20% of Nvidia's sales in its latest financial year, while Taiwan represented more than 25%. Meanwhile, Alphabet Inc's Google denied reports of replacing Broadcom Inc as a supplier of artificial intelligence chips.

Portfolio Pulse from Anusuya Lahiri

September 22, 2023 | 2:15 pm

Morgan Stanley's new AI tool, AI @ Morgan Stanley Assistant, designed to aid financial advisers, has faced criticism for its lack of accuracy and responsiveness. Comparisons have been drawn with other AI tools like Microsoft's OpenAI's ChatGPT and Google's Bard, with Morgan Stanley's offering seemingly falling short. Some insiders have labeled the initiative as a publicity stunt, while others have criticized the bank for rebranding existing tools under the AI banner.

Portfolio Pulse from Anusuya Lahiri

September 22, 2023 | 2:10 pm

Amazon Prime Video, a service by Amazon.Com, Inc (NASDAQ:AMZN), plans to introduce limited advertisements to its content starting in early 2024. This move is expected to support and amplify content investments. Members desiring an ad-free experience can opt for it at an additional $2.99 per month in the U.S. The move marks intense competition in the streaming space ruled by Netflix Inc (NASDAQ: NFLX), and Alphabet Inc (NASDAQ: GOOG) (NASDAQ: GOOGL) YouTube.

Portfolio Pulse from Anusuya Lahiri

September 22, 2023 | 12:46 pm

Google, a subsidiary of Alphabet Inc., is rolling out a new Android 14 beta update for its Pixel smartphones. The update includes several new features such as the ability to check battery health and charge cycles, manually forcing aspect ratios for apps, and using Pixel phones as webcams. The stable version of Android 14 is expected to launch with the Google Pixel 8, scheduled for October 4.

Portfolio Pulse from Rounak Jain

September 22, 2023 | 12:39 pm

Google, owned by Alphabet Inc., has released a new 'iPager' commercial mocking Apple for showing messages from Android in green bubbles. This is part of Google's campaign to pressure Apple into adopting RCS, a new messaging technology. The 'green bubbles' issue has been a point of contention between Google and Apple, as messages from non-iPhone users lack certain features and are not well-received by iPhone users. Despite Google's efforts, Apple's new iOS 17 update still shows Android messages in green bubbles.

Portfolio Pulse from Rounak Jain

September 22, 2023 | 9:29 am

Google, a subsidiary of Alphabet Inc., has introduced a feature in Android 14 QPR1 Beta 1 update that allows Pixel phones to be used as webcams. This feature, already available in Apple's iPhone, is now being tested by Google. Unlike Apple's feature, Google's solution can be used with any device that can handle a webcam, without restrictions on MacOS, ChromeOS, or Windows computers.

Portfolio Pulse from Rounak Jain

September 22, 2023 | 7:48 am

DuckDuckGo's CEO, Gabriel Weinberg, criticized Alphabet Inc.'s Google during an ongoing antitrust trial, stating that switching from Google to DuckDuckGo is more difficult than necessary. Weinberg's comments highlight a significant hurdle for competitors, as DuckDuckGo currently holds only a 2.5% share of the U.S. search market compared to Google's nearly 90%. The U.S. Justice Department has accused Google of paying over $10 billion annually to ensure its preselection as the default search option, hindering competition.

Portfolio Pulse from Ananya Gairola

September 22, 2023 | 7:41 am

Alphabet Inc's shares are trading lower due to overall market weakness, concerns about future rate hikes following the FOMC statement, and lower-than-expected initial jobless claims data. Economic concerns can impact Alphabet's ad revenue growth, a key metric for investors. Rising interest rates can increase the company's borrowing costs, affecting its interest expenses and potentially leading to lower profitability.

Portfolio Pulse from Henry Khederian

September 21, 2023 | 7:42 pm

Max Tegmark, MIT professor and co-founder of the Future of Life Institute, warns of a relentless “race to the bottom” among tech companies in the development of advanced artificial intelligence (AI) systems. Despite an open letter signed by over 30,000 people including Elon Musk and Steve Wozniak, calling for a six-month hiatus on the creation of AI models exceeding the power of GPT-4, tech companies continue to compete in AI development. The race has sparked fears of creating unmanageable, superintelligent AI, prompting calls for government intervention. Tech executives from companies like Alphabet Inc’s Google, Microsoft Corporation, Nvidia Corp, Palantir Technologies Inc, OpenAI, Anthropic, and others are involved in global discussions on AI.

Portfolio Pulse from AJ Fabino

September 21, 2023 | 7:41 pm

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