Alphabet

Alphabet, Inc. (NASDAQ:GOOGL) engages in the business of delivering online advertising, cloud-based solutions that provide enterprise customers with infrastructure and platform services, the provision of communication and collaboration tools, and sales of other products and services such as apps and in-app purchases, hardware, and subscription-based products. It operates under the Google Services and Google Cloud segments. The Google Services segment includes ads, Android, Chrome, hardware, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube. The Google Cloud segment offers Google Cloud Platform and Google Workspace. The company was founded by Lawrence E. Page and Sergey Mikhaylovich Brin on October 2, 2015 and is headquartered in Mountain View, CA.

UBS: Maintain Alphabet (NASDAQ:GOOGL) Buy rating with a $120 price target

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UBS analyst Lloyd Walmsley told investors in a research note that Alphabet’s (NASDAQ:GOOGL) “Google Paris Live” event was disappointing because Google failed to respond directly to Microsoft’s integration of ChatGPT into Bing Search, which fully shows Google’s current dilemma. UBS said Google could launch a robust product in generative AI and augment existing products with its leading technology, but may need more training before expanding its model broadly.

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