Japan records surprise trade deficit in July as exports weaken further
Investing.com - BMO Capital has reiterated an Outperform rating and $225.00 price target on Alphabet (NASDAQ:GOOGL), the $2.47 trillion tech giant trading near its 52-week high of $207.05, as the company awaits a crucial antitrust decision. According to InvestingPro data, the stock maintains a strong consensus buy rating from analysts.
The U.S. District Court previously found Google guilty of illegally maintaining its search monopoly in general search and search text advertising through exclusionary default agreements.
Judge Amit Mehta’s decision on remedies is expected this month, possibly as early as Monday, according to BMO Capital, which noted the judge may want to clear this case before the new Ad-Tech trial begins.
BMO Capital pointed out there is historical precedent for legal decisions being released after 2:30 p.m. ET.
Alphabet stock could experience a significant price movement of approximately 10% in either direction depending on the remedies announced in the antitrust case.
In other recent news, Google has unveiled the Gemma (EGX:ECAP) 3 270M, a compact AI model designed for efficient AI applications, featuring 270 million parameters and a large token vocabulary. This launch is part of Google’s expanding Gemma family, which recently celebrated over 200 million downloads. In a separate development, Google announced a new feature called Preferred Sources for its Search Top Stories, allowing users to customize their news experience by selecting favorite sources. Meanwhile, AI search startup Perplexity has submitted a $34.5 billion offer to acquire Google’s Chrome browser, as noted by Cantor Fitzgerald, which maintains a Neutral rating on Alphabet stock. OpenAI CEO Sam Altman also expressed interest in acquiring Google Chrome, despite acknowledging issues with the recent GPT-5 rollout. Additionally, Terawulf Inc (NASDAQ:WULF). has received a raised stock price target from Northland, now set at $12.00, following its 200 MW deal with Fluidstack and partnership with Google. Northland describes this partnership as a "game-changer," citing strong confidence from a major AI industry player.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.