GOOGL·Alphabet Inc.

Canaccord Genuity raised its price target for GOOGL to $415 following strong Q4 results, driven by robust performance in Search and Cloud divisions, and surging Gemini adoption. This positive development suggests continued growth in key areas, potentially boosting investor confidence in the near term. Zillow's home-buying guidance is now available in Google NotebookLM, aiming to improve the home-buying experience through AI. Alphabet is also expanding its presence in India with the America-India Connect initiative, including a $15 billion investment in an AI infrastructure hub, signaling a strategic focus on AI-driven growth in a key market. Conversely, New York Governor Hochul's decision to halt the robotaxi expansion proposal could slow Waymo's growth, creating uncertainty. While Udemy is partnering with Google to launch a new 'Learn AI with Google' plan, George Soros trimmed his Alphabet holdings while increasing investments in AI chips, suggesting a shift in portfolio strategy. The market should watch for further developments in AI initiatives and the impact of these strategic shifts on GOOGL's financial performance.