Pichai Says Google Cloud Is Giving Up Revenue to Feed AI Research. Here’s What That Means for Alphabet Stock
Key Stats for Alphabet StockCurrent Price: $334. 76Target Price (Mid): ~$707Street Target: ~$430Potential Total Return: ~111%Annualized IRR: ~20% / year__Now Live: Discover how much upside your favorite stocks could have using TIKR’s new Valuation Model (It’s free)__ >>> What Happened?Alphabet (GOOGL) CEO Sundar Pichai said in an October 20 interview on the Big Technology podcast that Google Cloud is giving up short-term revenue so frontier AI research gets first claim on computing power.
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