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Alphabet (GOOGL) shares rally as Wall Street analysts upbeat following Google I/O developer conference

May 11, 2023 10:04 AM EDT

Analysts reacting to Alphabet (NASDAQ: GOOGL) owned Google's keynote event at its annual multi-day developer conference Google I/O, have pushed the stock more than 4% higher Thursday.

Goldman Sachs analyst Eric Sheridan explained that Google announced a number of new products, services and features across Search, YouTube, Maps, Workspace, Google Cloud, Android & Pixel hardware devices.

"A key theme during this year's Google I/O keynote was the integration of (generative) AI elements into its core services... More