BofA Securities analyst Justin Post reiterated a Buy rating on Alphabet Inc. (NASDAQ:GOOG) (NASDAQ:GOOGL), with a price forecast of $173.
Google kicked off its annual Cloud Next event with a keynote announcing new custom AI chips (Axion & TPUs), platform-wide Gemini integration, strategic partnerships, and customer traction.
According to the analyst, Google's hardware advances, Gemini progress, and AI-driven app demos should help sentiment on AI capabilities.
Apart from this, Google's hardware advances, Gemini progress, and AI-driven app demos should help sentiment on AI capabilities, the analyst adds.
Post writes that the Cloud AI cycle could be underappreciated for the industry and a positive driver for Google stock given the growing scale & potential contributor to higher overall revenue growth.
In addition, increasing cloud margins aiding EPS and growing stock valuation contribution on '26 revenues can be positive drivers for Google stock.
The analyst specifically highlighted the new custom Axion AI chip (CPUs) in partnership with Arm Holdings Plc (NASDAQ:ARM) that provides 30% better performance & 60% better energy-efficiency.
For Workspace, Google launched Google Vids, an AI-powered video creation app that assists with writing, editing & production.
The company also launched a new AI Meetings & Messaging add-on, priced at $10/user/month, which includes features like 'Take notes for me' (in preview) & 'Translate for me' (expected to launch in June) with support for 69 languages.
Overall, the analyst sees Alphabet as well positioned in the long term with leading AI technology to apply to search, YouTube, and cloud businesses.
Alphabet should also benefit from increasing mobile usage, video usage, Google Play activity, and connected device activity (including autos), the analyst adds.
Alphabet should trade at a premium to a media peer group given technology leadership, high margins, and strong cash flow generation for buybacks.
Price Action: GOOG shares are trading lower by 0.30% to $157.66 on the last check Wednesday.
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美銀證券分析師賈斯汀·波斯特重申了對Alphabet Inc.（納斯達克股票代碼：GOOG）（納斯達克股票代碼：GOOG）的買入評級，預測價格爲173美元。
谷歌以主題演講拉開了年度Cloud Next活動的序幕，宣佈了新的定製人工智能芯片（Axion和TPU）、全平台Gemini整合、戰略合作伙伴關係和客戶吸引力。
根據分析師的說法，谷歌的硬件進步、Gemini的進展以及人工智能驅動的應用程序演示應該有助於人們對人工智能能力的看法。
分析師補充說，除此之外，谷歌的硬件進步、Gemini的進展以及人工智能驅動的應用程序演示應有助於提高人們對人工智能能力的看法。
Post寫道，鑑於規模的擴大以及整體收入增長的潛在因素，雲人工智能週期可能會被低估，而谷歌股票的積極推動力可能被低估。
此外，增加雲端利潤率有助於每股收益，增加股票估值對26年收入的貢獻，可能是谷歌股票的積極推動力。
該分析師特別強調了與Arm Holdings Plc（納斯達克股票代碼：ARM）合作推出的新款定製Axion AI芯片（CPU），該芯片的性能提高了30％，能效提高了60％。
谷歌爲工作空間推出了谷歌視頻，這是一款由人工智能驅動的視頻創作應用程序，可協助寫作、編輯和製作。
該公司還推出了新的AI Meetings & Messaging插件，價格爲每位用戶每月10美元，其中包括支持69種語言的 “爲我做筆記”（預覽版）和 “爲我翻譯”（預計於6月推出）等功能。
總體而言，分析師認爲，從長遠來看，Alphabet將領先的人工智能技術應用於搜索、YouTube和雲業務，處於有利地位。
分析師補充說，Alphabet還將受益於移動設備使用量、視頻使用量、Google Play活動和聯網設備活動（包括汽車）的增加。
鑑於科技領先地位、高利潤率和強勁的回購現金流，Alphabet的交易價格應高於媒體同行。
價格走勢：在週三的最後一次支票中，GOOG股價下跌0.30％，至157.66美元。
照片來自 Shutterstock
