Alphabet Shares Gain Following Annual Developer Conference

Benzinga

Alphabet shares rose 1.81% on Thursday afternoon, according to Benzinga. The stock gained following announcements at the company’s annual developer conference, including an upgrade to its Veo 3 AI video tool, according to Benzinga. CEO Sundar Pichai unveiled a new “AI Mode” for Search and Chrome, signaling Google’s deeper move into generative AI with a chatbot-style user experience. JPMorgan and Goldman Sachs reiterated bullish views, citing Alphabet’s acceleration in AI product launches. Analysts from Citizens, JPMorgan, and Goldman Sachs shared their views on Alphabet’s latest product announcements. Citizens’ Andrew Boone maintained a Market Perform rating, while JPMorgan’s Doug Anmuth and Goldman Sachs’ Eric Sheridan reaffirmed bullish ratings with \$195 and \$200 price targets, respectively.

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00:00It's Benzinga bringing Wall Street to Main Street.

00:02Alphabet shares rose 1.81% on Thursday afternoon, according to Benzinga.

00:06Stock gained filing announcements to the company's annual developer conference,

00:09doing an upgrade to its VO3 AI video tool.

00:13CEO Sundar Pinchay unveiled a new AI mode for search in Chrome,

00:17signaling Google's deeper movement to generative AI with a chatbot-style user experience.

00:22J.P. Morgan and Goldman Sachs reiterated bullish views,

00:25citing Alphabet's acceleration in AI product launches.

00:27Analysts from Citizens, J.P. Morgan, and Goldman Sachs shared their views on Alphabet's latest product announcements.

00:34Citizens' Andrew Boone maintained a market reform rating,

00:37while J.P. Morgan's Doug Anmuth and Goldman Sachs' Eric Sheridan

00:40reaffirmed bullish ratings with $195 and $200 price targets, respectively.

00:45For all things money, visit Benzinga.com slash GSTV.

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