OpenAI enters Google-dominated search market with SearchGPT
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Google stock: SearchGPT creates 'a “wall-of-worry” for investors at a minimum': Loop Capital
July 29, 2024 9:13 AM EDTIn a recent note, Loop Capital analysts highlighted concerns surrounding Alphabet (NASDAQ: GOOGL) amidst YouTube's advertising challenges and the emerging competitive threat from OpenAI's SearchGPT prototype.
Maintaining their $170 price target and Hold rating on GOOGL shares, Loop Capital expressed caution despite some positive aspects of Google's financial performance.
Last week's sell-off in GOOGL shares was attributed to weaknesses in YouTube and a miss in Google Network, reflecting a softening... More
Microsoft (MSFT) stock ain't cheap but AI story 'has barely played-out': UBS
July 26, 2024 12:03 PM EDTAhead of Microsoft's (NASDAQ: MSFT) upcoming 4Q earnings report, UBS analysts highlighted three main discussion points in a note Friday: Azure's potential upside from AI and core demand, capital expenditure trends, and the growth trajectory of Office 365.
The analysts maintained a Buy rating and $520 per share target on Microsoft, emphasizing that the company's involvement in AI is a major driver of its future growth.
"The... More
