Tag GOOGL
With a market rotation out of high-flying technology companies under way, Google stock traded just above its 50-day moving average on July 17. Whether Alphabet stock finds support is key...
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As the second quarter earnings season kicks off, Wall Street Alliance Group Partner Aadil Zaman joins Wealth! to discuss how the Magnificent Seven — the grouping of premier tech stocks Amazon (AMZN), Apple (AAPL), Alphabet (GOOG, GOOGL), Nvidia (NVDA), Meta Platforms (META), Microsoft (MSFT), and Tesla (TSLA) — will perform amid sky-high earnings expectations and tech-driven market rallies (^DJI, ^IXIC, ^GSPC). "We feel that these companies should be a core position in the portfolio. No doubt about that, right? And potentially, the earnings will be good as well. But it's all about expectations. So again, in the short term for the retail investor, very difficult to predict," Zaman says. He explains that the concentration of more than 20% of the S&P 500 (^GSPC) lies in three stocks, which investors want to hold on to. However, he advises that "no individual stocks should be more than 5% of the portfolio, and invest in other areas of the market to protect yourselves." Focusing on Tesla (TSLA), Zaman notes that despite the stock's volatility, "in the long term it's going to do well." In order to navigate this dynamic, he encourages investors to limit their exposure "and be exposed to it in a very diversified way." For more expert insight and the latest market action, click here to watch this full episode of Wealth! This post was written by Melanie Riehl...
Continue ReadingEU antitrust regulators are asking industry participants if Google's multi-year generative artificial intelligence (AI) deal with Samsung hinders rival chatbots on Samsung smartphones, according to an EU document seen by Reuters. The European Commission last month said it would send requests for information to better understand the effects of the deal which would see Samsung embed Google's Gemini Nano in Samsung's Galaxy S24 series smartphones. Regulators also wanted to know if the pre-installation of Gemini Nano limits interoperability between other chatbots and apps pre-installed on Samsung smartphones...
Continue ReadingWarner Bros Discovery CEO David Zaslav (WBD) made comments over "real consolidation" that will take place with media companies over the next few years. Streaming giants have faced many challenges lately with their subscription models but could there be more challenges for the industry ahead? LightShed Partners partner and media & technology analyst Rich Greenfield joins Catalysts for this week's Media, Streaming, & Investing: What's Next special to weigh in on the challenges major media companies face with consolidation. Greenfield begins by laying out the problem the older media companies are facing: "the amount of usage of applications like Peacock (CMCSA) or Paramount Plus (PARA) Plus or even Max pales in comparison to what is happening at Netflix (NFLX) let alone YouTube (GOOG, GOOGL)... Netflix and YouTube, represent over 45% of all time spent streaming on a television. That's just two players dominating. No one ever dominated linear TV the way Netflix and YouTube dominate streaming TV. And that's a huge problem." Greenfield holds firm to his forecast that "no major M&A would happen this year, and I think that's what played out," believing media M&A deals such as Paramount's merger with Skydance will be finalized in 2025 due to regulatory concerns. "In general, the Republican Party should be more pro-consolidation. Maybe not so much pro-tech... Obviously, former President Trump has certainly made some pretty aggressive comments about his feelings on Facebook and 'Zuckerbucks.' But, you know, the reality is I do think you're going to see forms of consolidation..." Catch more Yahoo Finance coverage on the media and streaming landscapes as part of this week's Media, Streaming, & Investing: What's Next special. For more expert insight and the latest market action, click here to watch this full episode of Catalysts. This post was written by Nicholas Jacobino...
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When Jaclyn Rice Nelson and Noah Gale launched AI talent and services company Tribe AI in 2019, they had to convince companies that having an AI strategy mattered. After the release of ChatGPT in 2022 and the AI mania it ushered in, the startup has experienced a “massive boom” in demand, Gale told TechCrunch. Rice Nelson, Tribe's CEO, told TechCrunch that when she was working as a Growth VP at Alphabet's growth fund, CapitalG, she saw the writing on the wall. She saw companies the firm was backi...
Continue ReadingAlphabet's AI Search Improvements, Headcount Controls Set to Drive Q2 Upside, BofA Says...
Continue ReadingCirium is a for-profit company, selling its data to corporations and the airline industry to more accurately measure flight emissions. Could its reluctance at this early stage to share that data with Google and Travalyst be out of self-interest?...
Continue ReadingCloud software company GitLab Inc (NASDAQ:GTLB) is exploring a potential sale after receiving acquisition interest, according to sources familiar with the matter, according to a Reuters report. Google parent Alphabet Inc (NASDAQ:GOOG) (NASDAQ:GOOGL) holds a 22.2% voting stake in GitLab through its venture capital arm. Also Read: GitLab Q1 Earnings: Revenue Beat, EPS Beat, Raised Guidance And More GitLab, which has a market value of about $8 billion, is working with investment bankers to manage t...
Continue ReadingAlphabet's (GOOGL) second-quarter 2024 results are likely to reflect strength in generative AI, search and cloud amid litigation concerns...
Continue ReadingReports name DataDog as a possible buyer...
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