15 AI News Updates Taking Wall Street By Storm

3. Alphabet Inc. (NASDAQ:GOOG)

Market Capitalization: $2.2 Trillion

Alphabet Inc. (NASDAQ:GOOG) is a California-based technology company that owns and runs the internet search engine Google. The dominance of Google in Internet Search has been threatened in recent weeks, amid a DoJ trial and the emergence of AI alternatives. On November 15, JPMorgan maintained an Overweight rating on the stock with a price target of $212. In an investor note, the advisory said it expects the DOJ’s final proposed remedies in the ongoing search commercial agreements trial to come next Wednesday, November 20, and heading toward that date the firm says that sentiment on Alphabet shares remains mixed. JPMorgan believes the final proposed remedies next week carry headline risk, but it will also be positive to have some clarity on the worst case remedies. Even after this, there are major steps ahead, including the Judge’s final decision that likely comes in August of next year, Google’s appeal, and ultimately a strategic decision from Apple on how it will proceed if Google can no longer be the exclusive default search provider on Safari.