GOOGL Stock Shaken by AI Leadership Departures but Remains Strong
Alphabet's AI leadership shakeup sent shockwaves through the tech industry as Chief Scientist Jeff Dean departed to launch his own startup, Discovery Loop. DeepMind CEO Demis Hassabis will take on a chairman role and assume the title of Chief Scientist for Alphabet.
Google Cloud has been fueling Alphabet's growth, with revenue soaring 82% year-over-year to $24.8 billion in Q2 2026. This surpassed Amazon's AWS and Microsoft Azure in terms of cloud revenue growth.
The shakeup did not deter investors from the company's strong fundamentals, with Wall Street analysts maintaining a 'Strong Buy' rating for GOOGL stock. The mean price target is $429.02, implying 21% potential upside from current levels.