Google Stocks showed a bullish trend predominantly due to its Q2 earnings beat, sending the stock higher. There were concerns over increasing CapEx, largely driven by AI developments. Ahead of earnings, Morgan Stanley revised the Google price target raising investor’s expectations. However, the stock was somewhat challenged by the AI threat posed by Shopify and ChatGPT's upcoming advertising venture. There was further speculation of a potential Alphabet breakup which could boost Google's stock value. But, setbacks loomed in the view of Google Chrome divestiture which, with a black swan event, could see Alphabet shares fall by 25%. As Google expands its AI reach, it faces antitrust challenges and concerns over whether AI spending will generate returns. Additionally, a bump in shares was noted on news regarding cybersecurity acquisition, though it raised big questions about the future of Google stock. Despite these issues, Google stock continued its upward trend being dubbed as a ‘High-Growth Story’ with room to run till 2025.
Google Stocks News Analytics from Fri, 15 Nov 2024 08:00:00 GMT to Sat, 26 Jul 2025 14:06:00 GMT -
Rating 7
- Innovation 6
- Information 8
- Rumor 4
