Stocks Analysis by The Tokenist (Timothy Fries) covering: Microsoft Corporation, Alphabet Inc Class A, Baidu Inc, Amazon.com Inc. Read The Tokenist (Timothy Fries)'s latest article on Investing.com
) is scheduled to release Q2 2024 earnings ending June. Year-to-date, GOOGL shares are up 31%, sandwiched between its main competitors, Microsoft , autonomous vehicles , high speed internet and AI development.
As first reported by the Wall Street Journal, Alphabet is negotiating the acquisition of cybersecurity firm Wiz, purportedly worth around $23 billion. Similar to Broadcom Inc's Wiz offers real-time threat detection, vulnerability analysis, AI-powered automation of tasks and seamless integration into all major cloud service providers.
Three new features of Google AI are purportedly “Add Me” as AI-assisted and automated photo manipulation, “Studio” as all-in-one AI image generator similar to Apple’s Image Playground, and “Screenshots” similar to Microsoft’s controversial Recall feature for upcoming Copilot Plus PCs.Investors should take note that Alphabet is notorious for ditching projects and features. Case in point, when the company acquired Fitbit for $2.
Still, the company showed it is catching up in Q1 earnings. Google Cloud generated $9.57 billion revenue, up 28.4% from the year-ago quarter. While Microsoft Cloud generated three times as much, at $31.8 billion, the revenue growth is “only” 23% year-over-year.Presently priced at $181.44, GOOGL stock is slightly under its 52-week high of $191.75, while 23% above its 52-week average of $147.54 per share.
Alphabet Inc Class A Baidu Inc Amazon.Com Inc
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