GOOGL Stock Soars on Strong AI Momentum and Digital Ad Demand
Alphabet Inc.'s stock (GOOGL) has seen a significant surge of 2.02% as its AI products gain momentum and digital ad demand remains strong.
The company's recent investments in AI infrastructure, including a planned €13B ($15.1B) build-out in Finland, are expected to drive growth.
Multiple banks have raised their price targets for GOOGL, with Oppenheimer now modeling $170B in extra Google Cloud revenue from TPU sales by 2028.