L'intérêt à découvert pour Alphabet donne aux investisseurs une idée du degré auquel les investisseurs parient sur la baisse de l'action de Alphabet. Les données sur l'intérêt à découvert sont mises à jour toutes les deux semaines.

Alphabet (NASDAQ:GOOGL) Stock, Rapport sur les intérêts à découvert

Alphabet

Alphabet is a holding company that wholly owns internet giant Google. The California-based company derives slightly less than 90% of its revenue from Google services, the vast majority of which is advertising sales. Alongside online ads, Google services houses sales stemming from Google's subscription services (YouTube TV, YouTube Music among others), platforms (sales and in-app purchases on Play Store), and devices (Chromebooks, Pixel smartphones, and smart home products such as Chromecast). Google's cloud computing platform, or GCP, accounts for roughly 10% of Alphabet's revenue with the firm's investments in up-and-coming technologies such as self-driving cars (Waymo), health (Verily), and internet access (Google Fiber) making up the rest.

Alphabet Inc

<a href="https://truthsocial.com/@realDonaldTrump/posts/113210776247146944">https://truthsocial.com/@realDonaldTrump/posts/113210776247146944</a>
It has been determined that Google has illegally used a system of only revealing and displaying bad stories about Donald J. Trump, some made up for this purpose while, at the same time, only revealing good stories about Comrade Kamala Harris. This is an ILLEGAL ACTIVITY, and hopefully the Justice Department will criminally prosecute them for this blatant Interference of Elections. If not, and subject to the Laws of our Country, I will request their prosecution, at the maximum levels, when I win the Election, and become President of the United States!

News

Legal

GOOG

GOOGL

Republican Nominee Donald Trump Says He Will Seek Google's Prosecution If He Wins Election And Alleges They Display Bad Stories About Him

Good Morning Traders! In today&#39;s Market Clubhouse Morning Memo, we will discuss SPY, QQQ, AAPL, MSFT, NVDA, GOOGL, META, and TSLA.
Our proprietary formula, exclusive to Market Clubhouse, dictates these price levels. This dynamic equation takes into account price, volume, and options flow. These levels are updated every day and shared with all Clubhouse Members, prior to the opening of the market.
We recommend closely monitoring these stocks, and be prepared to leverage potential breakouts or reversals. As always, stay alert and ready to adjust your tactics based on the market&#39;s pulse to optimize your trading gains. Now, let&#39;s dive into the stock analysis:
<h3>SPDR S&amp;P 500 ETF Trust</h3>
SPY&nbsp;(ARCA: SPY) is currently trading near the key level of 572.15. For bulls, the first goal is to push the price higher toward 573.50, which would suggest strong buying momentum. If the price can hold above 573.50, the next target would be a move to 574.65. If buyers continue to dominate, we could see a push toward 575.67, with a high bull target of 576.62 for the session.
Should the price fail to hold 572.15 as support, the bears will likely aim for a test of 571.06. If selling pressure increases, sellers could push the price down to 569.98. A breakdown below this level could lead to further downside with support at 569.16. If the selling intensifies, the low bear target for the day is 567.81.
<h3>Invesco QQQ Trust Series 1 </h3>
QQQ (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/qqq#NASDAQ">QQQ</a>) is currently trading around our critical level of 487.69. Bulls will be looking for price action to remain above this level and build strength toward 490.05. If buyers can maintain momentum, we may see a rally up to 491.82. Further strength could push QQQ to a test of 493.60, with the high bull target for the day set at 495.35.
On the downside, if QQQ struggles to hold above 487.69, bears may take control and look to drive the price lower to 486.10. If weakness continues, 483.95 comes into play as a potential target. A break below 481.73 could trigger more selling, with a low bear target at 479.03.
<h3>Apple Inc.</h3>
Apple (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/aapl#NASDAQ">AAPL</a>)&nbsp;is currently auctioning near 227.82. For bulls, a key goal is to hold 229.03 as support and drive the price toward 230.25. Should buying pressure continue, we could see a move to 231.76. If buyers maintain control of the session, the price may rally to a high bull target of 233.28.
If 227.82 does not hold, bears will likely seek to test 226.90 on the downside. Continued selling pressure may push Apple lower to 226.08. If this level fails to hold, the price could slide further toward 225.31. In an aggressive sell-off, the low bear target for the day would be 223.87.
<h3>Microsoft Corp. </h3>
Microsoft&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/msft#NASDAQ">MSFT</a>) is trading around 430.25, with bulls looking to hold this level as support and push toward 431.25. If buyers can sustain momentum above 431.25, the next target would be 432.49. A strong rally could see the price reach a high bull target of 434.49 for the day.
If 430.25 cannot hold as support, sellers may push Microsoft down to 429.25. Continued downside pressure could lead to a test of 428.48. If selling accelerates, the bears will aim for a low target of 426.00 on the day.
<h3>NVIDIA Corporation</h3>
NVIDIA (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nvda#NASDAQ">NVDA</a>) is currently trading around 121.97. Bulls are focused on pushing the price to 123.41, which would serve as a strong support level if held. Continued buying pressure may lead to a test of 125.21, with additional strength pushing the price to 126.84. The high bull target for the session is 128.10.
If 121.97 fails to hold, bears could target 120.27 for a downside move. If sellers increase their pressure, the price may drop to 119.44. A break below this level could lead to further losses, with a low bear target of 116.61.
<h3>Alphabet Inc Class A</h3>
Alphabet&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/googl#NASDAQ">GOOGL</a>)&nbsp;is trading around the key level of 163.79, with bulls looking to hold this level as support and drive the price to 165.41. If buying momentum continues, a rally toward the high bull target of 167.04 could be in play for the day.
If Alphabet fails to hold 163.79, bears may push the price down to 161.79. Should sellers maintain control, the price could drop to 160.36, with a further downside move potentially bringing the low bear target of 158.54 into focus.
<h3>Meta Platforms Inc</h3>
Meta (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/meta#NASDAQ">META</a>) is currently trading near 565.53. Bulls will aim to keep the price above this level and push toward 573.25. A continuation of buying strength could drive the price to 580.17, with the high bull target for the session at 585.73.
If 565.53 fails as support, bears may target 559.29. Continued selling pressure could see the price drop to 553.05. If the sell-off persists, Meta may hit a low bear target of 548.44.
<h3>Tesla Inc.</h3>
Tesla (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/tsla#NASDAQ">TSLA</a>) is trading around the key level of 256.34. Bulls will be looking for a move higher to 257.56 and beyond. If buyers continue to push, we could see a rally up to 259.81. If the broader market supports a bullish move, Tesla may test the 262.68 level, with a high bull target at 264.46.
If 256.34 fails to hold as support, bears will likely aim for a test lower at 254.28. Further selling could lead to a drop to 252.38. If the bears maintain control, Tesla could slide to the low bear target of 250.25.
Final Word: Today&#39;s session is critical as several key economic reports are released, potentially shaping market sentiment. At 8:30 AM ET, we&#39;ll receive the Personal Income, Personal Spending, and August PCE Price Index reports, which are closely watched by the Federal Reserve to assess inflation trends. These releases could influence the market&#39;s direction early in the day. At 10 AM ET, the final University of Michigan Sentiment report for September, along with 1-Year and 5-10 Year inflation expectations, will be crucial in gauging consumer confidence. Finally, at 11 AM ET, the Kansas City Fed Services Activity for September will round out the day&#39;s economic data. These indicators combined could create heightened volatility, so it&#39;s important to stay agile and manage risk effectively. Good luck, trade safe, and Happy Friday!
The Morning Memo is curated by RIPS, a pro trader with years of experience in equities, options, and futures trading. RIPS is at the heart of the exclusive Market Clubhouse community, offering his insights, expertise, and real-time mentorship.
Start your day with a live daily market analysis, a carefully selected watch list, early access to the Morning Memo, and exclusive Market Clubhouse price levels, providing precise support and resistance indicators. When you become a member of Market Clubhouse, you will gain early access to the Morning Memo, just like this one, every single day&mdash;hours before it&#39;s published. You will also have access to a live stream with zero latency and screen sharing, enabling you to witness Rips executing his trades in real-time and sharing his exclusive trading plans, strategies, and live decision-making.
For a limited time during our special promotion, you can join RIPS and get a full access pass to Market Clubhouse for 7 full days for just $7. Check it out at <a href="https://marketclubhouse.club/7Days/" title="https://marketclubhouse.club/7Days/">https://marketclubhouse.club/7Days/</a> where you can trade live with him and tap into his wealth of knowledge and experience. You can also catch Rips on his live day trading streams every Monday-Friday at 8 am EST on the Market Clubhouse YouTube channel: <a href="https://www.youtube.com/@MarketClubhouse" title="https://www.youtube.com/@MarketClubhouse">https://www.youtube.com/@MarketClubhouse</a>.
This article is from an unpaid external contributor. It does not represent Benzinga&#39;s reporting and has not been edited for content or accuracy.

Markets

Trading Ideas

General

AAPL

MSFT

NVDA

TSLA

Market Clubhouse Morning Memo - September 27th, 2024 (Trade Strategy For SPY, QQQ, AAPL, MSFT, NVDA, GOOGL, META And TSLA)

The quarterly performance of Nvidia Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), Broadcom Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>), and Micron Technology, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>) adequately reflects that the <a target="_blank" href="https://www.benzinga.com/news/earnings/24/09/41046485/whats-going-on-with-nvidia-braodcom-intel-and-other-chip-stocks-on-thursday" rel="noreferrer noopener">artificial intelligence wave</a> is in no mood to slow down in the near term.
Hyperscalers, including Microsoft Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>), Google parent Alphabet Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>), Amazon.Com Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) and Meta Platforms Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) remain aggressively invested in their artificial intelligence ambitions. The U.S. and China&#8217;s key rate cuts also added an additional tailwind for the capital-intensive industry.
Microsoft committed 14.7 billion Reais ($2.70 billion) over three years to Brazil&#8217;s cloud and artificial intelligence (AI) infrastructure, according to a Reuters report.
Also Read: <a target="_blank" href="https://www.benzinga.com/analyst-ratings/analyst-color/24/09/41055252/microns-ai-driven-hbm-demand-and-data-center-growth-to-fuel-stock-upside-analysts-s" rel="noreferrer noopener">Micron&#8217;s AI-Driven HBM Demand and Data Center Growth to Fuel Stock Upside, Analysts Say</a>
<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="750" height="650" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/27051414/newplot-23.png" alt="" class="wp-image-569372" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/27051414/newplot-23.png 750w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/27051414/newplot-23-300x260.png 300w" sizes="(max-width: 750px) 100vw, 750px" /></figure>
The company&#8217;s ConectAI program will train 5 million people with AI skills over the next three years. Microsoft already has two Azure regions: one in São Paulo state, which it launched in 2014, and another in Rio de Janeiro, which it launched in 2020.
Earlier this week, Microsoft <a target="_blank" href="https://www.benzinga.com/government/24/09/41020845/microsoft-invests-1-3b-to-boost-ai-skills-and-infrastructure-in-mexico" rel="noreferrer noopener">earmarked $1.3 billion</a> over the next three years to drive Mexico&#8217;s AI infrastructure and initiatives, including training 5 million people. Microsoft also collaborated with BlackRock, Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BLK#NYSE">BLK</a>) and other partners, forging a fresh $30 billion investment fund to <a target="_blank" href="https://www.benzinga.com/news/24/09/40909973/blackrock-microsoft-others-team-up-for-30b-artificial-intelligence-fund-help-us-fuel-ai-innovation-a" rel="noreferrer noopener">tap the AI wave</a>.
Google is eyeing a $3.3 billion investment in South Carolina to build two new data centers. The search engine giant&#8217;s plans included two new data center campuses in Dorchester County and expanding its existing data center campus in Berkeley County, Reuters cites the South Carolina governor&#8217;s office as saying.
Alphabet committed $2 billion to the Dorchester County facilities, potentially creating 200 new operational jobs. According to Reuters, the company also earmarked $1.3 billion for Berkeley County.
Another positive update for the industry is the <a target="_blank" href="https://www.ft.com/content/ff0ca77d-ad35-45ba-a493-201a26932efb" rel="noreferrer noopener">report</a> indicating struggling chipmaker Intel Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>) and the U.S. government are trying to finalize the $8.5 billion in direct funding for the chipmaker before the end of the year.
Therefore, Intel&#8217;s exploration of stake sales to companies like Qualcomm Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QCOM#NASDAQ">QCOM</a>) could also disrupt its chances of bagging the subsidy over antitrust grounds. Intel had already faced <a target="_blank" href="https://www.benzinga.com/m-a/24/08/40648165/intel-weighs-major-business-split-factory-delays-amid-strategic-review-report" rel="noreferrer noopener">Senator scrutiny over</a> its cost-cutting measures as the subsidy aims to create additional U.S. jobs.
Semiconductor ETFs VanEck Semiconductor ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMH#NASDAQ">SMH</a>) and iShares Semiconductor ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOXX#NASDAQ">SOXX</a>) gained 5%-6% in the last 5 days.
Price Actions: INTC stock is up 1.21% to $24.21 premarket at last check on Friday.
Also Read:
<ul>
<li><a href="https://www.benzinga.com/news/24/09/41054106/meta-analysts-highlight-ai-vr-advances-see-growth-pushing-it-toward-apple-like-valuation" target="_blank" rel="noreferrer noopener">Meta Analysts Highlight AI, VR Advances, See Growth Pushing It Toward Apple-Like Valuation</a></li>
</ul>
Image Via Shutterstock

Tech

Media

AMZN

AVGO

INTC

QCOM

iShares PHLX SOX Semiconductor Sector Index Fund

SOXX

Microsoft, Google, Meta Pave Path to AI Expansion, Nvidia and Broadcom Set to Reap Benefits

Google CEO Sundar Pichai Says We're Investing $3.3B In South Carolina To Break Ground On Two New Data Centers

Deep-pocketed investors have adopted a bearish approach towards Alphabet (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>), and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in GOOGL usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 51 extraordinary options activities for Alphabet. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 31% leaning bullish and 66% bearish. Among these notable options, 22 are puts, totaling $1,353,656, and 29 are calls, amounting to $2,146,764.
<h3>Expected Price Movements</h3>
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $120.0 to $220.0 for Alphabet over the last 3 months. 
<h3>Volume &amp; Open Interest Trends</h3>
In terms of liquidity and interest, the mean open interest for Alphabet options trades today is 5883.38 with a total volume of 33,019.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Alphabet's big money trades within a strike price range of $120.0 to $220.0 over the last 30 days.
<h3>Alphabet Option Activity Analysis: Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1727370977_0.png" alt="Options Call Chart" />
<h3>Largest Options Trades Observed:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>GOOGL</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>11/15/24</td>
<td>$4.65</td>
<td>$4.6</td>
<td>$4.65</td>
<td>$170.00</td>
<td>$381.3K</td>
<td>7.5K</td>
<td>288</td>
</tr>
<tr>
<td>GOOGL</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>12/20/24</td>
<td>$4.8</td>
<td>$4.75</td>
<td>$4.75</td>
<td>$155.00</td>
<td>$317.7K</td>
<td>5.0K</td>
<td>801</td>
</tr>
<tr>
<td>GOOGL</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>08/15/25</td>
<td>$49.8</td>
<td>$49.55</td>
<td>$49.65</td>
<td>$120.00</td>
<td>$243.2K</td>
<td>79</td>
<td>50</td>
</tr>
<tr>
<td>GOOGL</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>10/04/24</td>
<td>$1.65</td>
<td>$1.62</td>
<td>$1.65</td>
<td>$162.50</td>
<td>$181.5K</td>
<td>2.3K</td>
<td>1.2K</td>
</tr>
<tr>
<td>GOOGL</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>09/19/25</td>
<td>$31.8</td>
<td>$31.55</td>
<td>$31.6</td>
<td>$145.00</td>
<td>$158.0K</td>
<td>166</td>
<td>52</td>
</tr>
</tbody>
</table>

<h3>About Alphabet</h3>
Alphabet is a holding company that wholly owns internet giant Google. The California-based company derives slightly less than 90% of its revenue from Google services, the vast majority of which is advertising sales. Alongside online ads, Google services houses sales stemming from Google's subscription services (YouTube TV, YouTube Music among others), platforms (sales and in-app purchases on Play Store), and devices (Chromebooks, Pixel smartphones, and smart home products such as Chromecast). Google's cloud computing platform, or GCP, accounts for roughly 10% of Alphabet's revenue with the firm's investments in up-and-coming technologies such as self-driving cars (Waymo), health (Verily), and internet access (Google Fiber) making up the rest.
<h3>Where Is Alphabet Standing Right Now?</h3>
<ul>
<li>With a trading volume of 9,481,819, the price of GOOGL is up by 0.74%, reaching $162.69.</li>
<li>Current RSI values indicate that the stock is may be approaching overbought.</li>
<li>Next earnings report is scheduled for 26 days from now.</li>
</ul>
<h3>What The Experts Say On Alphabet</h3>
In the last month, 5 experts released ratings on this stock with an average target price of $194.0.
Turn $1000 into $1270 in just 20 days?
20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. <a href="https://www.benzinga.com/premium/ideas/options-moneyline-2/?t=Moop1arja3be22op14&amp;utm_source=benzinga-insights">Click here for access</a>. 
&#x2A; An analyst from Piper Sandler has revised its rating downward to Overweight, adjusting the price target to $200. 
&#x2A; An analyst from Cantor Fitzgerald has revised its rating downward to Neutral, adjusting the price target to $190. 
&#x2A; An analyst from DA Davidson has revised its rating downward to Neutral, adjusting the price target to $170. 
&#x2A; An analyst from Cantor Fitzgerald downgraded its action to Neutral with a price target of $190. 
&#x2A; An analyst from Tigress Financial has decided to maintain their Strong Buy rating on Alphabet, which currently sits at a price target of $220. 
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Alphabet with <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> for real-time alerts.

Options

Looking At Alphabet's Recent Unusual Options Activity

Tigress Financial analyst Ivan Feinseth maintains Alphabet (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) with a Strong Buy and raises the price target from $210 to $220.

Price Target

Analyst Ratings

Tigress Financial Maintains Strong Buy on Alphabet, Raises Price Target to $220

In a recent development, GV, the venture capital division of Google by Alphabet Inc, (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>), has invested in a Finnish startup, Distance Technologies, which is working on integrating mixed-reality technology into car windshields and airplane cockpits.
What Happened: Distance Technologies has successfully raised 10 million euros ($11.1 million) in a seed funding round led by GV. The round also saw participation from other investors such as FOV Ventures and Maki.vc, CNBC <a href="https://www.cnbc.com/2024/09/26/google-backs-distance-startup-bringing-mixed-reality-to-cars-planes.html?taid=66f54d439b5a1000019b3909&amp;utm_campaign=trueanthem&amp;utm_medium=social&amp;utm_source=twitter%7Cma">reported</a> on Thursday.
Distance, based in Helsinki, is developing a technology that can transform any transparent surface into an augmented-reality display, eliminating the need for hardware like mixed-reality headsets or augmented reality glasses. The company&#8217;s technology uses tracking to identify where the user is looking and then computes the correct light field to match the exact positions of the user&#8217;s eyes.
See Also: <a href="https://www.benzinga.com/news/24/09/40968413/elon-musk-reacts-after-cathie-wood-labels-gavin-newsoms-threat-to-sue-tesla-ceo-over-memes-unconstit?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Elon Musk Reacts After Cathie Wood Labels Gavin Newsom&#8217;s Threat To Sue Tesla CEO Over Memes &#8216;Unconstitutiutional&#8217;: &#8216;…But That Didn&#8217;t Stop Them&#8217;</a>
Why It Matters: This investment by GV in Distance Technologies is a significant move, considering Google&#8217;s renewed interest in the augmented and virtual reality (AR/VR) market. Earlier this year, Google entered into a strategic partnership with Magic Leap, an augmented reality startup, to create immersive experiences that integrate the physical and digital realms. This partnership was aimed at <a href="https://www.benzinga.com/news/24/05/39092179/google-and-magic-leap-join-forces-we-see-a-lot-of-potential-in-arvr-market">leveraging Magic Leap&#8217;s expertise</a> in optics and device manufacturing alongside Google&#8217;s advanced technology platforms.
Distance&#8217;s technology, which is primarily focused on the auto, aerospace, and defense markets, could potentially revolutionize these sectors by creating a life-size field of view in any setting. This aligns with Google&#8217;s strategic direction in the AR/VR market and could potentially give it an edge over competitors like Meta Platforms Inc. and Apple Inc.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/news/24/09/41016829/possible-but-not-probable-steve-jobs-witty-transportation-answer-in-1973-resume-earns-him-online-acc?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">&#8216;Possible, But Not Probable&#8217;: Steve Jobs&#8217; Witty Transportation Answer In 1973 Resume Earns Him Online Accolades — Bill Gates $15k Salary No Less Impressive In The Same Era</a></li>
</ul>
Image via Shutterstock
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/topic/Pooja-Rajkumari" target="_blank" rel="noreferrer noopener">Pooja Rajkumari</a>

Startups

Google's GV Invests $11M In Finnish Startup Revolutionizing Mixed-Reality Tech For Car Windshields And Cockpits

With just two weeks to go for Tesla, Inc.&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) <a href="https://www.benzinga.com/news/24/09/41040380/tesla-sends-out-invites-for-robotaxi-event-heres-everything-you-need-to-know">Robotaxi unveil event</a>, an analyst painted a bleak picture of the company&#8217;s self-driving technology.
What Happened: Tesla&#8217;s FSD, which is now promoted as fully-supervised FSD, is a &#8220;safety disaster&#8221; and &#8220;galaxies away from being anywhere close to the competition,&#8221; said GLJ Research&#8217;s Gordon Johnson in a note. Tesla&#8217;s competitors in this arena are Alphabet, Inc.&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) Waymo and General Motors Corp.&#8217;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GM#NYSE">GM</a>) Cruise.
With Tesla eyeing the rollout of its Fully Supervised FSD in China, the Elon Musk-led company would be up against domestic player Baidu, Inc.&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BIDU#NASDAQ">BIDU</a>) Apollo Go.
Johnson referenced reviews by two sources to make his case. Independent lab AMCI Testing, which tried the technology, said the overall performance of Tesla&#8217;s camera-enabled autonomous-driving software is &#8220;suspect.&#8221; In a report released on Tuesday, the firm said its evaluation showed how often human intervention was required for safe operation. &#8220;In fact, our drivers had to intervene over 75 times during the evaluation; an average of once every 13 miles,&#8221; it said.
While the FSD 12.5.1 was impressive, it is incredibly dangerous for drivers operating with FSD to drive with their hands in their laps or away from the steering wheels, it said. &#8220;The most critical moments of FSD miscalculation are split-second events that even professional drivers, operating with a test mindset, must focus on catching,&#8221; it added.
Johnson also referred to data from Teslafsdtracker.com, which aggregates TSLA FSD driving experiences/data, in real-time from users, which shows that the latest iteration of FSD has a critical disengagement every 130 miles and every 72 miles when driven in a city.
See Also: <a href="https://www.benzinga.com/money/how-to-buy-tesla-stock">How To Buy Tesla (TSLA) Stock</a>
Data reported by competitors to the California Department of Motor Vehicles show that miles to disengagement data for various players are as follows:
<ul>
<li>Waymo: 17,311 miles</li>
<li>Amazon, Inc.&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) Zoox: 177,602 miles</li>
<li>Pony.Ai (startup): 17,077 miles</li>
<li>WeRide (startup): 21,191 miles</li>
</ul>
The metric for Tesla is 13 miles, based on AMCI&#8217;s statistics, Johnson said, although Tesla doesn&#8217;t yet report data to California DMV, given its FSD tech is only Level 2.
Why It&#8217;s Important: Johnson noted that many sell-side analysts assign a valuation of $300 billion to $600 billion for Tesla&#8217;s FSD technology. In real-time, the value is close to zero, he said, adding that it could be negative, given the &#8220;liability of putting something this dangerous on roads.&#8221;
According to Ark&#8217;s valuation model, by 2029, robotaxis, which has FSD as its core technology, would account for 63% of Tesla&#8217;s revenue and 86% of EBITDA.
Future Fund LLC Managing Partner Gary Black, a Tesla bull, said in a recent post on X that Tesla's <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/09/40995280/tesla-bull-dampens-enthusiasm-regarding-1010-robotaxi-event-but-heres-what-would-ta">FSD is not yet close to the 99.99% efficacy needed for unsupervised autonomy.</a>
In premarket trading on Thursday, Tesla rose 2.05% to $262.30, according to <a href="https://benzinga.grsm.io/register174">Benzinga Pro data.</a>
Check out more of Benzinga&#8217;s Future Of Mobility coverage by&nbsp;<a href="http://www.benzinga.com/topic/mobility" target="_blank" rel="noreferrer noopener">following this link</a>.
Photo via Shutterstock

BIDU

'Safety Disaster:' Tesla FSD 'Galaxies Away From Being Anywhere Close To Competition,' Says Bearish Analyst, As He Assigns Zero Valuation To The Tech

Semiconductor stocks especially linked to artificial intelligence led by Nvidia Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), Advanced Micro Devices, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>), Intel Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>), Broadcom Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>), Taiwan Semiconductor Manufacturing Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>), Arm Holdings Plc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARM#NASDAQ">ARM</a>), Qualcomm Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QCOM#NASDAQ">QCOM</a>) are trading higher Thursday in sympathy with Micron Technology, Inc&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>).
Micron&#8217;s upbeat fourth-quarter performance is pushing the sector higher. AI server company Super Micro Computer, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>) has also gained momentum.
On Wednesday, Micron reported quarterly revenue of $7.75 billion, up by 93%, beating the&nbsp;analyst consensus of $7.64 billion. This was driven by <a target="_blank" href="https://www.benzinga.com/news/earnings/24/09/41034733/micron-q4-earnings-revenue-eps-beat-on-robust-ai-demand-company-sees-significantly-improved-profita" rel="noreferrer noopener">a strong ramp</a> of its data center DRAM and high-bandwidth memory products.
Also Read: <a target="_blank" href="https://www.benzinga.com/news/24/09/41032464/new-broadcom-chipsets-set-to-boost-comcast-and-charter-networks-with-over-25-gbps-speed" rel="noreferrer noopener">New Broadcom Chipsets Set to Boost Comcast and Charter Networks With Over 25 Gbps Speed</a>
The upbeat quarterly prints of Nvidia, Broadcom, and Micron bear testimony to the continued AI frenzy as hyperscalers remain invested in their AI endeavors.
Some positive updates bearing testimony to continued AI momentum include Microsoft earmarking $1.3 billion to <a target="_blank" href="https://www.benzinga.com/government/24/09/41020845/microsoft-invests-1-3b-to-boost-ai-skills-and-infrastructure-in-mexico" rel="noreferrer noopener">boost AI infrastructure</a> and skills in Mexico and Taiwan Semiconductor bagging <a target="_blank" href="https://www.benzinga.com/government/24/09/41007184/taiwan-semi-secures-7-5b-boost-for-arizona-expansion-aims-for-advanced-chip-production-report" rel="noreferrer noopener">smartphone chip deals</a> from Alphabet Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) and Apple Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>).
BofA Securities analyst Justin Post also hailed the latest partnership between rival cloud providers Amazon.Com Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) and Oracle Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ORCL#NYSE">ORCL</a>), which can unlock demand <a target="_blank" href="https://www.benzinga.com/news/24/09/40800539/amazon-and-oracle-partnership-unlocks-major-cloud-growth-opportunity-analyst-suggests" rel="noreferrer noopener">for infrastructure and applications</a>.
Struggling chipmaker Intel&#8217;s Amazon deal and U.S. grant also <a target="_blank" href="https://www.benzinga.com/news/24/09/40897994/whats-going-on-with-intel-stock-on-tuesday" rel="noreferrer noopener">reflect further optimism</a>.
The semiconductor sector also benefited from the key rate cuts by the U.S. and China, which aim to <a target="_blank" href="https://www.benzinga.com/government/24/09/41004045/whats-going-on-with-chinese-stocks-alibaba-nio-xpeng-li-auto-on-tuesday" rel="noreferrer noopener">spur discretionary spending</a> by capital-intensive companies.
Price Actions: NVDA stock is up 2.51% at $126.62 premarket at last check Thursday. AMD is up 3.10% at $167.04, and INTC is up 3.70% at $24.41.
Also Read:
<ul>
<li><a href="https://www.benzinga.com/government/24/09/41023040/nvidia-xpeng-join-alibabas-apsara-conference-to-showcase-ai-tech-advancements" target="_blank" rel="noreferrer noopener">Nvidia, XPeng Join Alibaba&#8217;s Apsara Conference to Showcase AI Tech Advancements</a></li>
</ul>
Photo via Shutterstock

Earnings

Movers

ORCL

SMCI

What's Going On With Nvidia, Broadcom, Intel, And Other Chip Stocks On Thursday?

Search engines and GPS platforms like Google (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) and <a href="https://www.benzinga.com/topic/apple-maps">Apple Maps</a> give legitimacy to unlicensed cannabis business in California by not distinguishing them from licensed dispensaries in respective search results. That's according to a measure that the Los Angeles County Board of Supervisors approved this week in a unanimous vote.
The proposal introduced by supervisor Lindsey Horvath seeks to remove illegal cannabis dispensaries from Google, Yelp and other search engine platforms, <a href="https://www.latimes.com/california/story/2024-09-24/l-a-county-yelp-google-deplatform-illegal-cannabis-dispensaries">reported</a> Los Angeles Times.
The measure also directs several county agencies to compile reports within three months on possible actions to curb unauthorized cannabis advertising in the unincorporated areas of the county. It also says five county leaders should draft and sign a letter urging several major websites &#8220;to voluntarily stop advertising illegal cannabis dispensaries in the County.&#8221;
Read Also: <a href="https://www.benzinga.com/general/politics/16/12/8777071/the-company-that-wants-to-be-the-yelp-for-marijuana">The Company That Wants To Be The Yelp For Marijuana</a>
<ul>
<li>Get Benzinga's exclusive analysis and the top news about the cannabis industry and markets daily in your inbox for free. Subscribe to our newsletter <a href="https://newsletteremail.benzinga.com/subscribe" target="_blank" rel="noreferrer noopener">here</a>. If you're serious about the business, you can't afford to miss out.</li>
</ul>
"Regulating online search engines and GPS platforms will ensure only legal, licensed dispensaries appear in results from those platforms and protect the safety of the public," Horvath's motion stipulates.
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/events/cannabis-conference/"><img loading="lazy" decoding="async" width="970" height="250" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/25114739/ccc-oct-24-banner__1_-43.gif" alt="" class="wp-image-565891" /></a></figure>
The document also highlighted that Los Angeles County hosts roughly 10% of the total number of dispensaries estimated to operate nationwide, with nearly 1,500 retailers, citing Pew Research Center's data. That said, data from the California Department of Cannabis Control suggest that only 384 of these dispensaries – as of 2022 &#8211; had a valid state-approved license.
The California effort to crack down on the advertisement of unlicensed cannabis businesses follows a call from New York Governor Kathy Hochul and licensed dispensary owners in the Empire State to major social media companies like Meta Platforms Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) and Alphabet Inc.(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) to stop <a href="https://www.benzinga.com/markets/cannabis/24/02/37322625/are-social-media-giants-like-google-meta-helping-illicit-pot-shops-in-new-york-some-cannabis-adv">promoting unlicensed cannabis businesses.</a>
The governor's demands extend to digital services like Google Maps and Yelp, urging them to stop directing consumers to unlicensed vendors, as it is not only a legal dilemma but also a public health concern due to the <a href="https://www.benzinga.com/markets/cannabis/23/06/32796626/ny-cops-raid-unlicensed-weed-shops-steep-penalties-for-illicit-cannabis-sales">distribution of untested products.</a>
Read Next:
<ul>
<li><a href="https://www.benzinga.com/markets/cannabis/24/02/37322625/are-social-media-giants-like-google-meta-helping-illicit-pot-shops-in-new-york-some-cannabis-adv">Are Social Media Giants Like Google &amp; Meta Helping Illicit Pot Shops In New York? Some Cannabis Advocates Say Yes</a></li>
</ul>

Cannabis

Regulations

Social Media

Retail Sales

Yelp, Google Should Remove Illegal Weed Shops Says Los Angeles Initiative To Clean Up Cannabis Search Results

Alphabet Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) Google filed an <a target="_blank" href="https://cloud.google.com/blog/topics/inside-google-cloud/filing-eu-complaint-against-microsoft-licensing/" rel="noreferrer noopener">antitrust complaint against</a>&nbsp;Microsoft Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) with the European Union&#8217;s top antitrust regulator Tuesday for allegedly abusing its influence to lock customers into Microsoft&#8217;s cloud platform Azure.
Google Cloud Vice President Amit Zavery said that Microsoft customers had to pay a 400% mark-up to keep running Windows Server on rival cloud computing operators.
For nearly twenty years, Google became a target of EU antitrust action, partly stemming from&nbsp;complaints supported&nbsp;by Microsoft, the Wall Street Journal <a target="_blank" href="https://www.wsj.com/tech/google-files-eu-antitrust-complaint-against-microsoft-cfcd99bb?mod=tech_lead_story" rel="noreferrer noopener">reports</a>.
<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="750" height="650" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/25092147/newplot-21.png" alt="" class="wp-image-565512" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/25092147/newplot-21.png 750w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/25092147/newplot-21-300x260.png 300w" sizes="(max-width: 750px) 100vw, 750px" /></figure>
Google has long trailed Microsoft and&nbsp;Amazon.com Inc&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) Amazon Web Services in the cloud business.
Google&#8217;s complaint comes after Microsoft&#8217;s settlement of a complaint from a trade group representing European cloud services providers.
Google argues that Windows Server customers are unfairly penalized if they want to use competing cloud services.
Google has also made similar arguments to those of the U.K.&#8217;s competition regulator.
<a target="_blank" href="https://www.benzinga.com/analyst-ratings/analyst-color/24/09/40986921/microsofts-ai-lead-shrinks-analyst-downgrades-stock-as-amazon-and-google-close-the-" rel="noreferrer noopener">Earlier this week</a>, DA Davidson analyst Gil Luria&nbsp;noted Amazon Web Services and Google Cloud are gaining traction in cloud and code generation businesses at the cost of Microsoft Azure.
Big Tech companies have been drawing global regulatory scrutiny for their alleged anticompetitive practices, which have boosted their toplines and bottomlines. The companies allegedly created &#8220;walled gardens&#8221; under their products and services, preventing users from resorting to rival services.
Google drew flak for paying companies like Apple Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) to<a target="_blank" href="https://www.benzinga.com/analyst-ratings/analyst-color/24/08/40190328/google-antitrust-challenge-puts-billions-in-search-revenue-at-stake-analyst" rel="noreferrer noopener"> keep its search engine</a> as the default for its devices. Apple also drew scrutiny for preventing users from using <a target="_blank" href="https://www.benzinga.com/government/24/09/40943746/after-lightning-port-eu-targets-apples-iphone-and-ipad-systems-demands-greater-access-for-third-part" rel="noreferrer noopener">rival operating systems</a> for its devices.
Reports claimed Amazon&#8217;s alleged antitrust practices of preferential treatment to its products on its platforms could lead to the <a target="_blank" href="https://www.benzinga.com/news/23/09/34917805/ftc-and-states-take-on-amazon-in-antitrust-battle-1" rel="noreferrer noopener">company&#8217;s breakup</a>. Google also faced similar concerns. However, Wedbush&#8217;s Dan Ives&nbsp;snubbed worries over the breakup of Big Techs for alleged <a target="_blank" href="https://www.benzinga.com/analyst-ratings/analyst-color/24/08/40366001/big-tech-breakup-highly-unlikely-despite-googles-doj-antitrust-setback-says-wedbush" rel="noreferrer noopener">violation of antitrust norms</a>.
Price Actions: MSFT stock is up 0.55% at $431.54 at the last check on Wednesday.
Photo via Shutterstock

Government

Eurozone

Google Challenges Microsoft's Cloud Dominance, Files Antitrust Complaint in Europe: Report

With earnings season winding down, Chris Ballard, managing director at Check Capital Management, shared his exclusive insights on the companies that have caught his attention for their stellar performance <a href="https://www.benzinga.com/earnings">and growth potential</a>.
Here are his top stock picks based on their latest earnings results:
<h1 class="wp-block-heading">Alphabet Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>)</h1>
Alphabet continues to stand out in Ballard&#8217;s view, delivering impressive growth across key segments. 
&#8220;Search revenues were up 14%, with expanding margins, and YouTube Ads grew 13%, making it the most streamed TV service in the U.S.,&#8221; he noted. 
Google Cloud&#8217;s quarterly revenue milestone of $10 billion also adds to the tech giant's appeal. 
Despite the U.S. government's public scrutiny, Ballard emphasized Alphabet&#8217;s robust cash generation and clean balance sheet, making it a compelling choice for long-term investors.
<h1 class="wp-block-heading">First Citizens BancShares Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FCNCA#NASDAQ">FCNCA</a>)</h1>
Ballard also highlighted First Citizens BancShares as a notable performer. 
&#8220;It's one of the best banks in the nation, with returns on assets at 1.4% and return on equity at 14.1%,&#8221; he explained. 
What sets First Citizens apart is its ability to achieve these results with less risk, avoiding complex global trading and derivative transactions, noted Ballard. Their simple strategy of taking low-cost deposits and lending to safe borrowers has been the key to their success.
Read Also: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/09/40937291/bank-stocks-hit-inflection-point-after-feds-50-basis-point-cut-analyst-reveal-top-p">Bank Stocks Hit Inflection Point After Fed&#8217;s 50 Basis Point Cut, Analyst Reveals Top Picks</a>
<h1 class="wp-block-heading">AerCap Holdings NV (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AER#NYSE">AER</a>)</h1>
In the aviation leasing space, Ballard praised AerCap for its strong results and raised guidance. 
&#8220;Gus Kelly's strategy of selling assets at a premium and buying back stock at a discount continues to drive value,&#8221; Ballard noted. AerCap's earnings have surged, boosting their per-share book value by 25% over the past year. Despite a 50% rise in the stock price, Ballard still sees it as attractively valued.
When asked about sector performance and reacting to negative earnings reports like FedEx's, Ballard emphasized a long-term approach. 
"We don't make knee-jerk reactions. If the issues are macroeconomic, we hold our position. FedEx has ambitious cost-cutting initiatives that will likely drive future growth."
For investors looking to capitalize on post-earnings moves, Ballard suggests focusing on companies with strong fundamentals and not being swayed by market noise.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/government/24/09/41028133/could-visa-rebound-like-alphabet-doj-lawsuit-weighs-on-stock-but-opportunity-looms">Could Visa Rebound Like Alphabet? DOJ Lawsuit Weighs On Stock, But Opportunity Looms</a></li>
</ul>
Photo: Shutterstock

Long Ideas

Hedge Funds

Exclusives

Interview

FCNCA

EXCLUSIVE: Alphabet, AerCap, First Citizens: Asset Manager's Trio Of Post-Earnings Bets

Analysts' ratings for Alphabet (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) over the last quarter vary from bullish to bearish, as provided by 45 analysts.
The following table provides a quick overview of their recent ratings, highlighting the changing sentiments over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">17</td>
<td style="text-align: right;">19</td>
<td style="text-align: right;">9</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">6</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">4</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">10</td>
<td style="text-align: right;">10</td>
<td style="text-align: right;">6</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
The 12-month price targets assessed by analysts reveal further insights, featuring an average target of $203.09, a high estimate of $240.00, and a low estimate of $170.00. This current average reflects an increase of 0.8% from the previous average price target of $201.48. 
<img src="https://www.benzinga.com/files/images/story/2024/1727287302_0.png" alt="price target chart" />
<h2>Breaking Down Analyst Ratings: A Detailed Examination</h2>
A comprehensive examination of how financial experts perceive Alphabet is derived from recent analyst actions. The following is a detailed summary of key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Andrew Boone</td>
<td>JMP Securities</td>
<td>Maintains</td>
<td>Market Outperform</td>
<td>$200.00</td>
<td>$200.00</td>
</tr>
<tr>
<td>Deepak Mathivanan</td>
<td>Cantor Fitzgerald</td>
<td>Maintains</td>
<td>Neutral</td>
<td>$190.00</td>
<td>$190.00</td>
</tr>
<tr>
<td>Youssef Squali</td>
<td>Truist Securities</td>
<td>Maintains</td>
<td>Buy</td>
<td>$196.00</td>
<td>$196.00</td>
</tr>
<tr>
<td>Andrew Boone</td>
<td>JMP Securities</td>
<td>Maintains</td>
<td>Market Outperform</td>
<td>$200.00</td>
<td>$200.00</td>
</tr>
<tr>
<td>Brian Pitz</td>
<td>BMO Capital</td>
<td>Maintains</td>
<td>Outperform</td>
<td>$222.00</td>
<td>$222.00</td>
</tr>
<tr>
<td>Mark Mahaney</td>
<td>Evercore ISI Group</td>
<td>Lowers</td>
<td>Outperform</td>
<td>$200.00</td>
<td>$225.00</td>
</tr>
<tr>
<td>Gil Luria</td>
<td>DA Davidson</td>
<td>Announces</td>
<td>Neutral</td>
<td>$170.00</td>
<td>-</td>
</tr>
<tr>
<td>Thomas Champion</td>
<td>Piper Sandler</td>
<td>Lowers</td>
<td>Overweight</td>
<td>$200.00</td>
<td>$206.00</td>
</tr>
<tr>
<td>Deepak Mathivanan</td>
<td>Cantor Fitzgerald</td>
<td>Announces</td>
<td>Neutral</td>
<td>$190.00</td>
<td>-</td>
</tr>
<tr>
<td>Scott Devitt</td>
<td>Wedbush</td>
<td>Maintains</td>
<td>Outperform</td>
<td>$205.00</td>
<td>$205.00</td>
</tr>
<tr>
<td>Brian Nowak</td>
<td>Morgan Stanley</td>
<td>Lowers</td>
<td>Overweight</td>
<td>$190.00</td>
<td>$205.00</td>
</tr>
<tr>
<td>Laura Martin</td>
<td>Needham</td>
<td>Maintains</td>
<td>Buy</td>
<td>$210.00</td>
<td>$210.00</td>
</tr>
<tr>
<td>Rohit Kulkarni</td>
<td>Roth MKM</td>
<td>Maintains</td>
<td>Buy</td>
<td>$206.00</td>
<td>$206.00</td>
</tr>
<tr>
<td>Laura Martin</td>
<td>Needham</td>
<td>Maintains</td>
<td>Buy</td>
<td>$210.00</td>
<td>$210.00</td>
</tr>
<tr>
<td>Laura Martin</td>
<td>Needham</td>
<td>Maintains</td>
<td>Buy</td>
<td>$210.00</td>
<td>$210.00</td>
</tr>
<tr>
<td>Brian Pitz</td>
<td>BMO Capital</td>
<td>Maintains</td>
<td>Outperform</td>
<td>$222.00</td>
<td>$222.00</td>
</tr>
<tr>
<td>Laura Martin</td>
<td>Needham</td>
<td>Maintains</td>
<td>Buy</td>
<td>$210.00</td>
<td>$210.00</td>
</tr>
<tr>
<td>Laura Martin</td>
<td>Needham</td>
<td>Maintains</td>
<td>Buy</td>
<td>$210.00</td>
<td>$210.00</td>
</tr>
<tr>
<td>Andrew Boone</td>
<td>JMP Securities</td>
<td>Maintains</td>
<td>Market Outperform</td>
<td>$200.00</td>
<td>$200.00</td>
</tr>
<tr>
<td>Michael Morris</td>
<td>Guggenheim</td>
<td>Raises</td>
<td>Buy</td>
<td>$205.00</td>
<td>$195.00</td>
</tr>
<tr>
<td>Andrew Boone</td>
<td>JMP Securities</td>
<td>Maintains</td>
<td>Market Outperform</td>
<td>$200.00</td>
<td>$200.00</td>
</tr>
<tr>
<td>Scott Devitt</td>
<td>Wedbush</td>
<td>Maintains</td>
<td>Outperform</td>
<td>$205.00</td>
<td>$205.00</td>
</tr>
<tr>
<td>Ronald Josey</td>
<td>Citigroup</td>
<td>Raises</td>
<td>Buy</td>
<td>$212.00</td>
<td>$190.00</td>
</tr>
<tr>
<td>Brad Erickson</td>
<td>RBC Capital</td>
<td>Raises</td>
<td>Outperform</td>
<td>$204.00</td>
<td>$200.00</td>
</tr>
<tr>
<td>Lloyd Walmsley</td>
<td>UBS</td>
<td>Raises</td>
<td>Neutral</td>
<td>$204.00</td>
<td>$200.00</td>
</tr>
<tr>
<td>Rohit Kulkarni</td>
<td>Roth MKM</td>
<td>Raises</td>
<td>Buy</td>
<td>$206.00</td>
<td>$202.00</td>
</tr>
<tr>
<td>Thomas Champion</td>
<td>Piper Sandler</td>
<td>Raises</td>
<td>Overweight</td>
<td>$206.00</td>
<td>$200.00</td>
</tr>
<tr>
<td>Youssef Squali</td>
<td>Truist Securities</td>
<td>Raises</td>
<td>Buy</td>
<td>$196.00</td>
<td>$190.00</td>
</tr>
<tr>
<td>Doug Anmuth</td>
<td>JP Morgan</td>
<td>Raises</td>
<td>Overweight</td>
<td>$208.00</td>
<td>$200.00</td>
</tr>
<tr>
<td>Ken Gawrelski</td>
<td>Wells Fargo</td>
<td>Raises</td>
<td>Equal-Weight</td>
<td>$190.00</td>
<td>$187.00</td>
</tr>
<tr>
<td>Brian Nowak</td>
<td>Morgan Stanley</td>
<td>Lowers</td>
<td>Overweight</td>
<td>$205.00</td>
<td>$210.00</td>
</tr>
<tr>
<td>Barton Crockett</td>
<td>Rosenblatt</td>
<td>Maintains</td>
<td>Neutral</td>
<td>$181.00</td>
<td>$181.00</td>
</tr>
<tr>
<td>Laura Martin</td>
<td>Needham</td>
<td>Maintains</td>
<td>Buy</td>
<td>$210.00</td>
<td>$210.00</td>
</tr>
<tr>
<td>Brian Nowak</td>
<td>Morgan Stanley</td>
<td>Raises</td>
<td>Overweight</td>
<td>$210.00</td>
<td>$195.00</td>
</tr>
<tr>
<td>Laura Martin</td>
<td>Needham</td>
<td>Maintains</td>
<td>Buy</td>
<td>$210.00</td>
<td>$210.00</td>
</tr>
<tr>
<td>Scott Devitt</td>
<td>Wedbush</td>
<td>Maintains</td>
<td>Outperform</td>
<td>$205.00</td>
<td>$205.00</td>
</tr>
<tr>
<td>Brian Pitz</td>
<td>BMO Capital</td>
<td>Raises</td>
<td>Outperform</td>
<td>$222.00</td>
<td>$215.00</td>
</tr>
<tr>
<td>Justin Post</td>
<td>B of A Securities</td>
<td>Raises</td>
<td>Buy</td>
<td>$206.00</td>
<td>$200.00</td>
</tr>
<tr>
<td>Joseph Bonner</td>
<td>Argus Research</td>
<td>Raises</td>
<td>Buy</td>
<td>$215.00</td>
<td>$200.00</td>
</tr>
<tr>
<td>Shweta Khajuria</td>
<td>Wolfe Research</td>
<td>Announces</td>
<td>Outperform</td>
<td>$240.00</td>
<td>-</td>
</tr>
<tr>
<td>Ken Gawrelski</td>
<td>Wells Fargo</td>
<td>Raises</td>
<td>Equal-Weight</td>
<td>$187.00</td>
<td>$168.00</td>
</tr>
<tr>
<td>Alan Gould</td>
<td>Loop Capital</td>
<td>Maintains</td>
<td>Hold</td>
<td>$170.00</td>
<td>$170.00</td>
</tr>
<tr>
<td>Laura Martin</td>
<td>Needham</td>
<td>Maintains</td>
<td>Buy</td>
<td>$210.00</td>
<td>$210.00</td>
</tr>
<tr>
<td>Barton Crockett</td>
<td>Rosenblatt</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$181.00</td>
<td>$182.00</td>
</tr>
<tr>
<td>Laura Martin</td>
<td>Needham</td>
<td>Maintains</td>
<td>Buy</td>
<td>$210.00</td>
<td>$210.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts frequently update their recommendations based on evolving market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Alphabet. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Offering a comprehensive view, analysts assess stocks qualitatively, spanning from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Alphabet compared to the broader market.</li>
<li>Price Targets: Analysts set price targets as an estimate of a stock's future value. Comparing the current and prior price targets provides insight into how analysts' expectations have changed over time. This information can be valuable for investors seeking to understand consensus views on the stock's potential future performance.</li>
</ul>
Capture valuable insights into Alphabet's market standing by understanding these analyst evaluations alongside pertinent financial indicators. Stay informed and make strategic decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/GOOGL/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Alphabet analyst ratings.</a>
<h2>Get to Know Alphabet Better</h2>
Alphabet is a holding company that wholly owns internet giant Google. The California-based company derives slightly less than 90% of its revenue from Google services, the vast majority of which is advertising sales. Alongside online ads, Google services houses sales stemming from Google's subscription services (YouTube TV, YouTube Music among others), platforms (sales and in-app purchases on Play Store), and devices (Chromebooks, Pixel smartphones, and smart home products such as Chromecast). Google's cloud computing platform, or GCP, accounts for roughly 10% of Alphabet's revenue with the firm's investments in up-and-coming technologies such as self-driving cars (Waymo), health (Verily), and internet access (Google Fiber) making up the rest.
<h3>Alphabet: Delving into Financials</h3>
Market Capitalization: Surpassing industry standards, the company's market capitalization asserts its dominance in terms of size, suggesting a robust market position.
Positive Revenue Trend: Examining Alphabet's financials over 3 months reveals a positive narrative. The company achieved a noteworthy revenue growth rate of 13.59% as of 30 June, 2024, showcasing a substantial increase in top-line earnings. As compared to competitors, the company surpassed expectations with a growth rate higher than the average among peers in the Communication Services sector.
Net Margin: Alphabet's net margin excels beyond industry benchmarks, reaching 27.87%. This signifies efficient cost management and strong financial health.
Return on Equity (ROE): The company's ROE is a standout performer, exceeding industry averages. With an impressive ROE of 7.96%, the company showcases effective utilization of equity capital.
Return on Assets (ROA): The company's ROA is a standout performer, exceeding industry averages. With an impressive ROA of 5.75%, the company showcases effective utilization of assets.
Debt Management: The company maintains a balanced debt approach with a debt-to-equity ratio below industry norms, standing at 0.09.
<h2>What Are Analyst Ratings?</h2>
Ratings come from analysts, or specialists within banking and financial systems that report for specific stocks or defined sectors (typically once per quarter for each stock). Analysts usually derive their information from company conference calls and meetings, financial statements, and conversations with important insiders to reach their decisions.
Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.
Breaking: Wall Street's Next Big Mover
Benzinga's #1 analyst just identified a stock poised for explosive growth. This under-the-radar company could surge 200%+ as major market shifts unfold. <a href="https://www.benzinga.com/premium/ideas/turning-point-trader-checkout-2/?t=Tu1tu3arja3be22tu36&amp;utm_source=benzinga-insights">Click here for urgent details</a>.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

45 Analysts Have This To Say About Alphabet

The Federal Reserve's decision to cut interest rates could positively impact stocks, consumers, and<a href="https://www.benzinga.com/etfs/broad-u-s-equity-etfs/24/09/40928301/interest-rates-in-free-fall-what-it-means-for-mortgages-credit-cards-and-your-wallet-a"> several key sectors.</a>
Benzinga readers were recently asked to pick which Magnificent Seven stocks could benefit the most from the interest rate cut.
What Happened: The Federal Reserve's decision to<a href="https://www.benzinga.com/economics/macro-economic-events/24/09/40926026/federal-reserve-delivers-bold-0-5-rate-cut-signals-further-easing-ahead"> cut interest rates</a> could benefit small-cap stocks the most, with loans cheaper for companies that need capital to continue growing.
Interest rate cuts could also benefit consumers as mortgage rates decline, auto loans get cheaper and credit card fees get lowered as a trickle-down impact from the Federal Reserve's decision.
Along with small cap stocks, the overall stock market could benefit including the <a href="https://www.benzinga.com/topic/magnificent-seven">Magnificent Seven stocks </a>that are among the most valuable and most-followed stocks in the U.S.
"Which Magnificent 7 stock will perform the best during the rate-cutting cycle," Benzinga recently asked readers.
Here are the results:
<ul>
<li>Tesla Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>): 24%</li>
<li>NVIDA Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>): 21%</li>
<li>Amazon.com Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>): 19%</li>
<li>Apple Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>): 13%</li>
<li>Microsoft Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>): 8%</li>
<li>Meta Platforms (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>): 8%</li>
<li>Alphabet Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>): 8%</li>
</ul>
Tesla won the poll as the stock that will perform the best during the rate-cutting cycle with nearly a quarter of the vote. The stock could be popular given auto loans could come down in price and consumers having less concerns about higher prices all around could mean new auto purchases become more of a possibility.
Investors may also have picked Tesla in the poll as it is the Magnificent Seven stock with the worst year-to-date and one-year performance.
Here are the current performances of the Magnificent Seven stocks:
<ul>
<li>Tesla: Year-to-Date +2.5%, 1-Year +3.1%</li>
<li>Nvidia: Year-to-Date +157.6%, 1-Year +193.9%</li>
<li>Amazon: Year-to-Date +28.6%, 1-Year +46.9%</li>
<li>Apple: Year-to-Date +21.4%, 1-Year +28.0%</li>
<li>Microsoft: Year-to-Date +16.5%, 1-Year +36.0%</li>
<li>Meta: Year-to-Date +64.7%, 1-Year +89.6%</li>
<li>Alphabet: Year-to-Date +17.6%, 1-Year +23.9%</li>
</ul>
The Magnificent 7 stocks have mostly outperformed the SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>), which tracks the S&amp;P 500 Index. The SPY is up 20.8% year-to-date and has climbed 32.1% over the last year, beating three Magnificent 7 stocks year-to-date and three stocks over the previous year.
Did You Know?
<ul>
<li>Congress Is Making Huge Investments. <a href="https://www.benzinga.com/gov-trades/?utm_source=BZprocontent092524">Get Tips On What They Bought And Sold Ahead Of The 2024 Election With Our Easy-to-Use Tool</a></li>
</ul>
What's Next: With less than three months left in 2024, investment appetite for Magnificent Seven stocks could change, with investors looking for small-cap winners or stocks that could perform well after the 2024 election.
Benzinga readers recently voted Nvidia as <a href="https://www.benzinga.com/top-stories/24/08/40602271/ready-to-retire-on-a-single-magnificent-7-stock-poll-reveals-top-pick-and-its-not-apple" target="_blank" rel="noopener">their top Magnificent 7 stock </a>to retire on, with 33% of the vote. Apple and Microsoft ranked second and third, with 21% and 17%, respectively.
In August, Benzinga readers said the Magnificent Seven stock they were most <a href="https://www.benzinga.com/exclusives/24/08/40403222/exclusive-which-magnificent-7-stock-would-investors-put-1-000-in-today-44-of-benzinga-readers-pick-t">likely to invest $1,000</a> in was Nvidia at 44% of the vote, followed by Apple (13%) and Amazon (11%).
The different polls show varying interest in the Magnificent Seven stocks depending on the investment angle. Tesla did not rank in the top three of recent polls until investors were asked about the investment angle of rate cuts.
For investors looking to get exposure to all the Magnificent Seven stocks, there is also the Roundhill Magnificent Seven ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MAGS#NASDAQ">MAGS</a>), which holds the seven companies. The ETF is up 45% year-to-date and up over 57% in the past year.
The study was conducted by Benzinga Sept. 19 through Sept. 20, 2024, and included the responses of a diverse population of adults 18 or older. Opting into the survey was completely voluntary, with no incentives offered to potential respondents. The study reflects results from 210 adults.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/general/politics/24/09/41025936/musk-zuckerberg-cook-cuban-or-thiel-whos-the-most-influential-tech-leader-in-2024-election-benzi">Musk, Zuckerberg, Cook, Cuban Or Thiel: Who&#8217;s The Most Influential Tech Leader In 2024 Election? Benzinga Readers Respond, And It&#8217;s Not Even Close</a></li>
</ul>
Photo: gguy/Shutterstock.com

Education

MAGS

After Fed Rate Cuts, Is Tesla, Nvidia, Apple, Or Amazon The Best Investment? Poll Reveals Top Magnificent 7 Stock

JMP Securities analyst Andrew Boone reiterates Alphabet (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) with a Market Outperform and maintains $200 price target.

Reiteration

JMP Securities Reiterates Market Outperform on Alphabet, Maintains $200 Price Target

Visa Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/V#NYSE">V</a>) shares fell nearly 5% on Tuesday and continued trading lower on Wednesday following reports that the Department of Justice is suing the payment giant for allegedly monopolizing the country's <a href="https://www.benzinga.com/topic/credit-cards">debit card market.</a>
The lawsuit accuses Visa of engaging in anti-competitive practices, casting fresh scrutiny on the company's dominance.
<figure class="wp-block-image size-full"><a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent092524&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="631" height="458" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/25094117/Screenshot-2024-09-25-at-7.07.52-PM.png" alt="" class="wp-image-565544" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/25094117/Screenshot-2024-09-25-at-7.07.52-PM.png 631w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/25094117/Screenshot-2024-09-25-at-7.07.52-PM-300x218.png 300w" sizes="(max-width: 631px) 100vw, 631px" /></a></figure>
<a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent092524&amp;t=be2bearmibe3na1" target="_blank" rel="noreferrer noopener">Chart created using Benzinga Pro</a>
This news comes on the heels of Alphabet Inc's (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) antitrust battle earlier this month, which caused a temporary dip in the tech giant's stock before it rebounded by about 10%.
Some investors may wonder if Visa's stock could follow a similar trajectory.
Read Also: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/09/40686596/google-doj-trial-drama-to-hit-earnings-by-up-to-10-says-jpmorgan-status-quo-is-no-l?_gl=1&#x2A;ynacve&#x2A;_gcl_au&#x2A;NzM1MTU4NDY3LjE3MTk4MjY1Mjk.&#x2A;_ga&#x2A;OTkzMjEyNzAzLjE3MDQxNzk4NDk.&#x2A;_ga_V7ZK73W7N0&#x2A;MTcyNzI2NzE3Mi40ODQuMS4xNzI3MjY5ODA4LjAuMC4w">Google, DOJ Trial Drama To Hit Earnings By Up To 10%, Says JPMorgan: &#8216;Status Quo Is No Longer Possible&#8217;</a>
<h2 class="wp-block-heading">Visa&#8217;s Antitrust Scrutiny In Focus</h2>
Visa has long been in the regulatory crosshairs, facing accusations that it uses volume-based discounts to discourage merchants from shifting debit transactions to rival networks. 
Brokerage TD Cowen noted that the Justice Department must prove that Visa's discounts act as barriers to entry, preventing competitors from driving down prices.
While analysts agree this lawsuit poses immediate downside risks, they caution that antitrust cases are notoriously slow-moving. 
KBW estimates that Visa's U.S. debit business accounts for around 10% of its total revenues, and while the lawsuit may drag on, its long-term financial impact may be limited.
<h2 class="wp-block-heading">Is Visa Stock Offering A Buying Opportunity?</h2>
Visa's recent stock action has caught traders' attention. 
<figure class="wp-block-image size-full"><a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent092524&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="631" height="458" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/25101048/Screenshot-2024-09-25-at-7.39.20-PM.png" alt="" class="wp-image-565606" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/25101048/Screenshot-2024-09-25-at-7.39.20-PM.png 631w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/25101048/Screenshot-2024-09-25-at-7.39.20-PM-300x218.png 300w" sizes="(max-width: 631px) 100vw, 631px" /></a></figure>
<a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent092524&amp;t=be2bearmibe3na1" target="_blank" rel="noreferrer noopener">Chart created using Benzinga Pro</a>
Visa stock is trading below all its moving averages, signaling a bearish trend. 
The eight-day and 20-day simple moving averages of $283.96 and $281.81, respectively, indicate a short-term bearish signal, with Visa's current price at $269.78. Moreover, the stock sits just below its 50-day and 200-day averages, reinforcing the bearish momentum.
However, any correction in the stock from this level could set the course again for a long-term bullish streak.
<figure class="wp-block-image size-full"><a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent092524&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="631" height="458" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/25101105/Screenshot-2024-09-25-at-7.39.54-PM.png" alt="" class="wp-image-565607" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/25101105/Screenshot-2024-09-25-at-7.39.54-PM.png 631w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/25101105/Screenshot-2024-09-25-at-7.39.54-PM-300x218.png 300w" sizes="(max-width: 631px) 100vw, 631px" /></a></figure>
<a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent092524&amp;t=be2bearmibe3na1" target="_blank" rel="noreferrer noopener">Chart created using Benzinga Pro</a>
The Moving Average Convergence Divergence (MACD) is showing a bullish 2.53, while the declining Relative Strength Index (RSI) of 39.43 suggests Visa stock could soon be oversold.
As investors weigh the impact of the DOJ lawsuit, Visa&#8217;s stock may present a near-term buying opportunity, much like Alphabet's rebound earlier this month.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/news/24/09/41009461/visa-shares-are-moving-lower-today-what-you-need-to-know">Visa Shares Are Moving Lower Today: What You Need To Know</a></li>
</ul>
Photo: Shutterstock

Technicals

Could Visa Rebound Like Alphabet? DOJ Lawsuit Weighs On Stock, But Opportunity Looms

Alphabet Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) Google has rehired artificial intelligence pioneer Noam Shazeer.
Shazeer, known for his work on the Language Model for Dialogue Applications (LaMDA), left Google in October 2021 to launch the chatbot startup Character.AI, which gained backing from Shazeer-founded firm a16z, TechCrunch <a target="_blank" href="https://techcrunch.com/2024/08/02/character-ai-ceo-noam-shazeer-returns-to-google/?guccounter=1&amp;guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&amp;guce_referrer_sig=AQAAAGMwNP0d29iH4N4O9V9w0esYYd1Shyu99Y0yCM4TYh7lByMLeL4FQa_1F2C8zoXD4S9RrtU0Ww4tsJPuBVhps0R9xzAsXKSxuLAVRAK-aRDOpno3ORqLaYHz_YuihlbBepxLT11fdU-du5rEzcsKyIq9iKqhWGDaKQ2GqovGDbq_" rel="noreferrer noopener">reported</a> in August.
His return is part of a broader collaboration, as Google signed a non-exclusive agreement with Character.AI to leverage its technology.
Also Read: <a target="_blank" href="https://www.benzinga.com/analyst-ratings/analyst-color/24/08/40190328/google-antitrust-challenge-puts-billions-in-search-revenue-at-stake-analyst" rel="noreferrer noopener">Google Antitrust Challenge Puts Billions In Search Revenue At Stake: Analyst</a>
Shazeer and several key employees from Character.AI will take on leading roles at DeepMind. Character.AI&#8217;s general counsel, Dominic Perella, will temporarily step in as interim CEO of Character.AI.
To regain Shazeer&#8217;s talent, Google reportedly paid around $2.7 billion to license Character.AI&#8217;s technology and bring Shazeer back to lead its AI efforts. Google acquired stakes from Character investors and employees, with Shazeer receiving a substantial payout, the Wall Street Journal <a href="https://www.wsj.com/tech/ai/noam-shazeer-google-ai-deal-d3605697?mod=business_lead_story" target="_blank" rel="noreferrer noopener">reports</a>.
Character.AI, despite boasting over 20 million monthly active users, the startup faced challenges monetizing its services and controlling user behavior.
According to reports, Shazeer is now one of three leaders steering Google&#8217;s development of its latest AI project, Gemini.
Needham&nbsp;analyst Laura Martin expects Google&#8217;s proprietary large language models (LLMs) to <a target="_blank" href="https://www.benzinga.com/analyst-ratings/analyst-color/24/08/40443852/google-parent-alphabet-is-a-top-large-cap-pick-for-2024-by-this-analyst-heres-why" rel="noreferrer noopener">drive significant upside</a> over the next 3-5 years. The analyst hailed &nbsp;Google and&nbsp;Amazon.Com Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>)&nbsp;as the most likely beneficiaries of the current arms race to build GenAI tools and capabilities.
GOOGL stock has risen 24% in the last 12 months as it integrates AI technology into its Search and other businesses.
Price Action: GOOGL stock is up 0.27% at $162.73 at the last check on Wednesday.
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Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy: Shutterstock

Google Rehired Noam Shazeer With Major Payout, Assigns Leadership In AI Development: Report

Google by Alphabet Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) has lodged a complaint with the European Commission on Wednesday, alleging Microsoft Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) of anti-competitive practices in its cloud services.
What Happened: Google claims Microsoft is leveraging its dominant Windows Server operating system to lock customers into its Azure cloud platform, Reuters reported on Wednesday. Amit Zavery, Google Cloud Vice President, stated that Microsoft imposes a 400% markup for customers running Windows Server on competing cloud services, which does not apply to Azure users.
According to Zavery, customers using rival cloud systems receive delayed and limited security updates. Google referenced a 2023 study by CISPE, indicating European businesses and public sector bodies incur up to 1 billion euros annually in Microsoft licensing penalties.
In July, Microsoft settled a 20-million-euro antitrust complaint with CISPE, avoiding an EU investigation. However, the settlement excluded Amazon Web Services and Google Cloud Platform, drawing criticism from both companies.
See Also: <a href="https://www.benzinga.com/news/24/09/40974511/iphone-15-pro-models-and-iphone-13-discontinued-by-apple-heres-why?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">iPhone 15 Pro Models and iPhone 13 Discontinued By Apple: Here&#8217;s Why</a>
Microsoft responded, stating it had resolved similar concerns with European cloud providers and suggested Google would not succeed in persuading the European Commission. Google argues that regulatory action is necessary to end Microsoft&#8217;s &#8220;vendor lock&#8221; and ensure a competitive cloud market.
Why It Matters: Google&#8217;s complaint is the latest in a <a href="https://www.benzinga.com/news/23/12/36040134/google-reportedly-calls-for-uk-antitrust-measures-against-microsofts-cloud-computing-dominance">series of antitrust challenges</a> against Microsoft's cloud practices. In December 2023, Google urged the U.K.'s Competition and Markets Authority (CMA) to investigate Microsoft for allegedly using licensing practices that discourage consumers from using other services, even as secondary providers to its Azure platform. This followed concerns raised by Ofcom about Microsoft and Amazon Inc. dominating the cloud computing industry.
Earlier in February, <a href="https://www.benzinga.com/government/24/02/36987709/microsoft-negotiates-with-european-cloud-providers-to-avert-eu-antitrust-action">Microsoft was actively negotiating</a> with the Cloud Infrastructure Services Providers in Europe (CISPE) to address a complaint lodged with the European Union. This move aimed to preempt a potential in-depth EU investigation, which could result in fines and a mandate for Microsoft to alter its business operations. CISPE, comprising Amazon and 26 smaller cloud providers across the EU, accused Microsoft of implementing contractual terms that detrimentally impact the European cloud computing environment. 
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Disclaimer: This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.
Image via Shutterstock

Google Files EU Complaint Against Microsoft Over Cloud Practices

Oppenheimer analyst Jason Helfstein maintains Alphabet (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) with a Outperform and lowers the price target from $210 to $185.

Oppenheimer Maintains Outperform on Alphabet, Lowers Price Target to $185

On Wednesday, ICT products and solutions provider FS announced its latest 400G and 800G Ethernet switches, powered by Broadcom Inc&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>) Tomahawk 5 chipset, for the <a target="_blank" href="https://www.benzinga.com/pressreleases/24/09/b41017541/fs-unveils-51-2t-400g-and-800g-ai-ethernet-switches-powered-by-broadcom-tomahawk-5" rel="noreferrer noopener">large AI clusters</a>.
The switches are ideal for AI, big data, high-performance computing (HPC), and distributed storage.
FS introduced 400G and 800G&nbsp;AI switches&nbsp;with RoCE protocol support to handle large data volumes with low latency and high throughput.
Also Read: <a target="_blank" href="https://www.benzinga.com/analyst-ratings/analyst-color/24/09/40852011/broadcom-eyes-12b-in-ai-chip-revenue-for-2024-hyperscaler-spending-surge-goldman-sa" rel="noreferrer noopener">Broadcom Eyes $12B in AI Chip Revenue for 2024, Hyperscaler Spending Surge: Goldman Sachs</a>
Broadcom stock has risen 110% in the last 12 months as it capitalized on the AI shift.
According to JPMorgan, Broadcom&#8217;s AI business, which includes custom ASICs and networking solutions, will likely note a <a target="_blank" href="https://www.benzinga.com/analyst-ratings/analyst-color/24/09/40750949/broadcom-analysts-lifts-ai-revenue-forecast-to-12b-on-potential-strong-demand-from-" rel="noreferrer noopener">compound annual growth rate</a> of 30%-40% over the next four to five years.
JPMorgan analyst Harlan Sur projected upside from higher demand for AI networking products and 3nm AI ASICs from hyperscalars like Alphabet Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) and Meta Platforms Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>).
Also, <a target="_blank" href="https://www.benzinga.com/news/24/09/40986800/broadcom-unveils-next-gen-sian-2-dsp-for-high-performance-ai-data-centers" rel="noreferrer noopener">earlier this week</a>, Broadcom launched Sian 2 digital signal processing&nbsp;(DSP)&nbsp;for high-performance AI data centers.
Investors can gain exposure to Broadcom through SPDR Select Sector Fund &#8211; Technology (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLK#NYSE">XLK</a>) and iShares Russell 1000 Growth ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWF#NYSE">IWF</a>).
Price Action: AVGO stock is down 1.06% at $172.98 premarket at the last check Wednesday.
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Photo by Dennis Diatel via Shutterstock

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