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Alphabet's Gemini Integration Could Spur '20%+ Google Cloud Revenue Growth': JPMorgan

Published 10/04/2024, 14:31
Updated 10/04/2024, 15:40
© Reuters. Alphabet's Gemini Integration Could Spur '20%+ Google Cloud Revenue Growth': JPMorgan

Benzinga - by Surbhi Jain, .

Alphabet Inc. (NASDAQ:GOOG) (NASDAQ:GOOGL), the parent company of Google, stands as a juggernaut in the technology sector, renowned for its innovation and market dominance.

Google’s diverse portfolio, including its cloud computing division, Google Cloud, has positioned it as a key player in the digital landscape.

For investors eyeing growth prospects, Google’s stock presents an enticing opportunity to tap into the company’s continued expansion and strategic initiatives.

The Google Analyst

The Google Thesis

Anmuth believes that Google’s emphasis on Gen AI applications and Gemini integration reflects its forward-thinking approach. He remains encouraged by “Google Cloud's progress in launching Gemini & integrating it throughout Cloud & Workspace” and believes it “should support strong 20%+ Google Cloud revenue growth.” There is potential to capture market share in the rapidly evolving landscape of cloud computing and artificial intelligence, Anmuth said.

Also Read: Is Google’s AI Crawling Through Your Personal Docs And Spreadsheets? Here’s What A New Report Reveals

Key Drivers Of Future Growth Per Anmuth, two notable product announcements introduce incremental Google Cloud use cases, thereby positioning Google for significant market expansion and revenue growth in the coming years:

  • the introduction of the custom CPU Axion
  • the AI-powered video creation app “Vids”

    • Anmuth highlights Google’s broad-based customer wins and its ability to cater to businesses of all sizes and industries, further solidifying its position as a leader in the technology sector.

    As Google continues to innovate and expand its presence in cloud computing and artificial intelligence, investors stand to benefit from the company’s long-term vision and strategic execution.

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    Read Next: Apple, Google, And Microsoft Suffer As Small Browsers Gain Market Share After This New Law Made It Easier To Switch To Rivals

    Photo: Shutterstock

    Latest Ratings for GOOGL

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    © 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

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