15 AI News That Broke The Internet This Week

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5. Alphabet Inc. (NASDAQ:GOOG)

Number of Hedge Fund Holders: 160

Alphabet Inc. (NASDAQ:GOOG) is a California-based technology company that owns and runs the internet search engine Google. On November 21, Wells Fargo analyst Ken Gawrelski maintained an Equal Weight rating on the stock, noting that Wells views the DOJ’s remedy filing as the likely worst-case scenario for Google and sees opportunity for further negotiation in proposed remedies with the upcoming change in DOJ leadership. It sees meaningful risk to Google’s competitive position due to the behavioral remedy proposal that prohibits the company from paying for search distribution. The DOJ’s structural remedy proposal of Chrome separation, if accepted by the judge, potentially puts at least 15% of Google search revenue at risk, contends the firm.

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