Alphabet Upgraded to 'Buy' at Loop Capital on 'Waves of AI Optimism'

Bloomberg Intelligence's Mandeep Singh discusses the positive reception of Google's Gemini 3 artificial intelligence model, highlighting the factors contributing to its acclaim and implications for the company's stock performance. He shares insights during a segment on 'Bloomberg Tech' with Caroline Hyde and Ed Ludlow.

Sundar Pichai, CEO of Google, stated that the role of a CEO is among the 'easier things' that artificial intelligence (AI) could potentially replace. He highlighted that advancements in AI could assist individuals in making decisions regarding medical treatments and stock investments.

Loop Capital analyst Rob Sanderson has upgraded Alphabet's stock rating from hold to buy, raising the price target to $320. This marks a significant shift in Sanderson's stance, as he has previously been cautious about the company's performance. The upgrade reflects growing optimism in the market regarding Alphabet's prospects.

Alphabet Inc. shares experienced a significant increase on Wednesday, marking the highest rise in two months. This surge was driven by overwhelmingly positive reviews for the latest version of its Gemini artificial intelligence model, boosting investor confidence in the company's standing within the dynamic technology sector.

On November 14, Google’s YouTube and The Walt Disney Company announced an agreement to restore Disney-owned networks on YouTube TV after a two-week blackout. This resolution allows millions of subscribers to regain access to popular channels such as ABC, ESPN, and The Disney Channel.

Google CEO Sundar Pichai has commented on the growing concerns surrounding the artificial intelligence (AI) bubble, echoing sentiments shared by industry experts. The discussion gained momentum after OpenAI CEO Sam Altman indicated that it was acceptable to address the issue. Pichai's remarks reflect a broader acknowledgment within the tech community about the potential risks associated with inflated valuations in the AI sector.

The European Union (EU) has identified Amazon and Google as 'critical' technology providers for the finance industry. This designation reflects the significant role these companies play in providing essential services and infrastructure to financial institutions across Europe. The EU's recognition underscores the increasing reliance on major tech firms in the financial sector, particularly as digital transformation accelerates.

Google has launched its highly anticipated Gemini 3 AI, marking a significant milestone with its rapid integration into Google Search. This rollout reflects the company's strategic intent to lead in the artificial intelligence sector, showcasing its commitment to innovation and technological advancement.