Alphabet's Google has introduced Gemini Enterprise, a new AI productivity service designed to rival Microsoft's 365 Copilot. Despite the launch, Alphabet's stock (GOOGL) fell 1.3% on Thursday and has decreased nearly 2% over the past week. Google Cloud CEO Thomas Kurian emphasized the company's infrastructure strengths, including GPU and TPU optimization.
The stock has faced pressure following the announcement of a $400 million AI data center in Arkansas. However, analysts remain positive, with Pivotal Research and Jefferies raising their price targets and maintaining 'buy' ratings. A CNN survey revealed that 82% of 73 analysts rate GOOGL as a 'buy'.
Alphabet Unveils Gemini Enterprise AI Amid Stock Decline
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