Boone sees upgrade potential in Alphabet due to AI-driven growth and commercialization, raising revenue forecast to $79.9B and EPS to $2.16.Boone upgrades Alphabet (GOOGL/GOOG) to Market Outperform with a $220 price forecast. AI-driven growth and commercialization lead to revenue and EPS upgrades.
Cannacord believes that while Uber and Lyft’s future in autonomous vehicles “could be bright,” there’s also an alternative scenario where they could be left “reflecting on the golden days of the past.”
The EU chief’s comments come on the heels of Facebook-parent Meta being fined €200 million after the European Commission ruled that the company’s ‘Consent or Pay’ model was in violation of its rules.
SoftBank CEO Masayoshi Son aims to position the company as a leading platform provider in the artificial super intelligence sector within the next decade, with major investments in companies like Ampere and OpenAI.
OpenAI engineers Lucas Beyer, Alexander Kolesnikov and Xiaohua Zhai have dismissed rumors that they each received a $100 million signing bonus to join Meta Platforms Inc. (NASDAQ: META).
Google faces a legal setback in Japan as a court bans the sale of its Pixel 7 series smartphones, citing patent infringement by the company related to LTE signal mapping technology.
Wedbush analyst Dan Ives raised Microsoft's price target to $600, citing the company's leading position in cloud computing and hyperscaling technologies, with expectations that it could reach a $5 trillion valuation in the next 18 months.
