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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

US stocks are set to open higher due to relief from inflation and optimism about earnings. The June inflation report showed consumer prices growing at the slowest month-over-month rate since March 2021. Analysts have differing views on the market rally. SPDR S&P 500 ETF Trust (NYSE:SPY) and Invesco QQQ ETF (NASDAQ:QQQ) rose in premarket trading. Viasat, Inc. (NASDAQ:VSAT) shares fell over 22% due to an anomaly during the deployment of its ViaSat-3 Americas satellite. Walt Disney, Inc. (NYSE:DIS) and Meta Platforms, Inc. (NASDAQ:META) saw a rise in their shares.

Portfolio Pulse from Shanthi Rexaline

July 13, 2023 | 10:53 am

Meta Platforms, Inc. (NASDAQ:META) is reportedly preparing to launch a commercial version of its artificial intelligence model, LLaMA, which will compete with Microsoft Corp (NASDAQ:MSFT) and Alphabet Inc (NASDAQ:GOOG) (NASDAQ:GOOGL) in the development of generative AI. The new version will be more widely available and customizable by companies. The move is expected to enhance Meta's position as an open model, allowing companies of all sizes to improve the technology and build applications. Meta's shares traded higher by 1.82% at $314.95 premarket on the last check Thursday.

Portfolio Pulse from Anusuya Lahiri

July 13, 2023 | 10:49 am

Google has released its chatbot in Europe after addressing privacy concerns, as reported by Financial Times. The move is expected to enhance Google's presence in the European market.

Portfolio Pulse from Charles Gross

July 13, 2023 | 9:12 am

Google, a subsidiary of Alphabet Inc (NASDAQ:GOOG) (NASDAQ:GOOGL), is facing a class-action lawsuit filed by the Clarkson Law Firm. The lawsuit alleges that Google, along with its AI sister company DeepMind and parent company Alphabet, secretly collected personal and creative data from millions of U.S. citizens to train its AI products. Google has refuted these claims, stating that it has been transparent about its use of data from public sources to train its AI models.

Portfolio Pulse from Ananya Gairola

July 13, 2023 | 5:59 am

Google (NASDAQ:GOOGL) has announced that it will allow developers to add Non-Fungible Tokens (NFTs) to their Android games and apps. The new rules, which will be fully implemented by the end of the year, require developers to disclose the game’s status as a blockchain game on the Google Play Store. Google will also allow NFTs to unlock in-app content, regardless of where the NFT was purchased, contrasting with Apple Inc's (NASDAQ:AAPL) current restrictions.

Portfolio Pulse from Mehab Qureshi

July 13, 2023 | 4:49 am

Google Play has updated its policy to allow tokenized digital assets, including NFTs, in apps and games. This change could potentially increase the usage and popularity of NFTs.

Portfolio Pulse from Benzinga Newsdesk

July 12, 2023 | 6:14 pm

U.S. Senator Bernie Sanders, known for his criticism of the ultra-wealthy and large corporations, owns stakes in several mutual funds that hold positions in companies he has criticized, including Tesla, Amazon, and Microsoft. Sanders has been advocating for a ban on lawmakers buying and selling stocks and options. He has also proposed legislation that would impose additional taxes on stock trading.

Portfolio Pulse from Chris Katje

July 12, 2023 | 5:49 pm

Roku's free streaming app, The Roku Channel, is now available on Google TV and other Android-powered TV platforms. The app, which provides subscription-free TV shows and movies, reached over 100 million people in the US by the end of last year. The Roku Channel is part of the rapidly expanding FAST (free ad-supported streaming television) segment, competing with platforms like Pluto TV, Amazon Freevee, Vizio WatchFree Plus, and Tubi.

Portfolio Pulse from Benzinga Newsdesk

July 12, 2023 | 3:03 pm

The EU Commission is introducing new rules to empower regulators in their investigations of Big Tech companies, aiming to harmonize regulatory procedures and deliver resolutions quickly. Big Tech companies, including Microsoft, Google, and IBM, have asked lawmakers to oversee AI to ensure safety and competitiveness with China. The new rules have been criticized for being flawed and not ensuring the enforcement of rules. Big Tech is also working with lawmakers on the upcoming AI Act, offering their expertise and suggestions for AI regulation.

Portfolio Pulse from Upwallstreet

July 12, 2023 | 2:12 pm

Disney is considering different strategies for its Star India business, which could include partnering with another company or even selling it. Kim Kardashian is reportedly in negotiations to buy back the minority stake in her beauty company, SKKN BY KIM, from Coty Inc. KPMG is reportedly looking to invest around $2 billion in AI and cloud services across its global business lines over the next five years. CVS's Caremark business experienced a halt in prescription processing. Ark Invest sold 135,152 shares of Coinbase Global Inc. Faraday Future Intelligent Electric flagged errors in its previously issued financial statements. The European Commission has fined Illumina Inc and Grail Inc for implementing their proposed merger before approval. Activision Blizzard Inc stock is trading lower amid reports of a possible new investigation on the Microsoft Corp takeover deal. Broadcom Inc won conditional approval from the European Commission to complete its acquisition of VMware. Domino's Pizza Inc entered a new global agreement with Uber Technologies Inc. Takeda Pharmaceutical Co Ltd is voluntarily withdrawing its marketing application for its dengue vaccine. Google quietly ditched its AI-powered mobile chatbot app, Bubble Characters. Warren Buffett's Berkshire Hathaway stood to make a profit of over $1 billion following the court's decision to allow Microsoft Corp to proceed with its acquisition of Activision Blizzard. IBM is weighing the use of artificial intelligence chips designed in-house to lower the costs of operating a cloud computing service. Novo Nordisk A/S's weight-loss drug, Wegovy, saw a significant drop in adherence compared to what was reported in clinical trials. Microsoft Corp has revealed that a China-based hacking group, Storm-0558, breached email accounts linked to government agencies in Western Europe. Hyundai Motor Company unionized workers at its plants across South Korea reportedly staged the first strike in five years against the government's labor policies.

Portfolio Pulse from Vandana Singh

July 12, 2023 | 1:48 pm

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