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Google (Alphabet)

GOOGLE: The 3rd major bullish wave begins.Google is just turning from bearish to neutral today on the 1D time-frame (RSI = 44.178, MACD = -4.950, ADX = 38.408), same situation also on its 1W outlook, as the stock recovers from the 1W MA50 breach last week. The green weekly close today is positive as it restored the price back inside the 2year Channel Up. A second straight green candle next week, will validate the start of Google's new 250day bullish wave, with the two before it rising by approximately +60% each. If you are a long term investor, wait for next week's candle close and if green, buy (TP = 230.00). See how our prior idea has worked out: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
NASDAQ:GOOGLong
by InvestingScope
GOOGLE You can still catch this BUY to based on these indicatorsAlphabet Inc. (GOOG) is in the process of forming a bottom following the July and early August correction. Technically it has already priced the new Higher Low (green Arc) on the 20-month Channel Up but is underperforming relative to the rest of the tech sector. This is why it hasn't yet broken above the 1D MA100 (green trend-line) but this isn't at all discouraging. Every break within this long-term Channel Up below the 1D MA100 and subsequent recovery above it, confirmed the start of its new Bullish Leg. This has only taken place when the 1D MACD formed a Bullish Cross below the 0.0 mark, which last took place on August 16. The above occurrences indicate that it is not late to catch this unique long-term buy on Google. Following the October 27 2023 Low, the first High it made was after a +28.14% rise. As a result our first long-term Target is $200. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
NASDAQ:GOOGLong
by TradingShot
1
U.S. Justice Department Weighs Action to Curb ‘Illegal MonopolyIn what could be one of the most significant antitrust actions of the modern era, the U.S. Department of Justice (DoJ) is contemplating the breakup of Alphabet Inc.’s Google, following a landmark court ruling that found the tech giant had illegally monopolized the online search and advertising markets. This decision marks a pivotal moment not only for Google ( NASDAQ:GOOG ) but also for the broader tech industry, as it could lead to a rare and profound restructuring of one of the world’s most powerful companies. The Court Ruling: A Game-Changer for Big Tech Earlier this month, U.S. District Judge Amit Mehta delivered a ruling that could alter the trajectory of Google’s dominance in the digital economy. The ruling found that Google had engaged in illegal practices to maintain its monopoly over online search and search text ads, in violation of U.S. antitrust laws. Central to the case were Google’s exclusive agreements with major device manufacturers, such as Apple and Samsung, which ensured that Google Search was the default engine on their devices. In exchange for billions of dollars—$26 billion in 2021 alone—Google effectively eliminated competition by making its search engine ubiquitous across smartphones and tablets. Judge Mehta’s decision has sparked intense discussions within the Justice Department about the appropriate remedies to address Google’s anti-competitive behavior. While the ruling itself is a major blow to Google, the potential remedies on the table could have even more far-reaching implications, potentially leading to the breakup of the company. Divestiture on the Table: Android and Chrome in the Crosshairs One of the most significant and radical remedies being considered is the forced divestiture of key Google assets, including the Android operating system and the Chrome web browser. Android, which powers approximately 2.5 billion devices worldwide, has been a cornerstone of Google’s dominance in the mobile market. Chrome, the world’s most popular web browser, further solidifies Google’s control over how users access the internet. Judge Mehta’s ruling highlighted how Google’s agreements with device manufacturers required them to pre-install Google’s apps, such as Chrome and Google Search, in a manner that prevents users from deleting them. This strategy has effectively stifled competition, ensuring that rival search engines and browsers struggle to gain a foothold. By mandating the pre-installation of these apps, Google has created an ecosystem where users have little choice but to use its products, thereby reinforcing its monopoly. The Justice Department’s discussions about breaking up Google ( NASDAQ:GOOG ) could lead to the most significant corporate restructuring in the United States since the breakup of AT&T in the 1980s. If the DoJ moves forward with this plan, it would signal a major shift in how the U.S. government regulates Big Tech and could have profound implications for the entire industry. The Historical Context: A Rare Move in Antitrust Enforcement The potential breakup of Google is reminiscent of other major antitrust actions in U.S. history, such as the dismantling of AT&T in 1984 and the Microsoft case in the late 1990s. However, such measures are rare and are typically reserved for cases where a company’s dominance is so overwhelming that it stifles competition and harms consumers. The AT&T case, often referred to as the “Bell System breakup,” resulted in the division of the telecommunications giant into seven regional companies, known as “Baby Bells.” This action was intended to foster competition in the telecommunications market and prevent any one company from having too much control over the industry. Similarly, in the Microsoft case, the company was found guilty of maintaining a monopoly in the PC operating system market through anti-competitive practices. While Microsoft was not broken up, the case resulted in a settlement that imposed significant restrictions on the company’s business practices and required it to share its application programming interfaces (APIs) with third-party developers. The potential breakup of Google would be in line with these historical precedents, marking the first time in decades that the U.S. government has sought to dismantle a major technology company for monopolistic behavior. Google’s Dominance and the AI Factor: A Growing Concern While the focus of the antitrust case is on Google’s dominance in the search and advertising markets, the Justice Department is also increasingly concerned about the company’s growing influence in the field of artificial intelligence (AI). Google’s control over online search provides it with an unparalleled advantage in AI development, as the vast amounts of data collected through search queries are used to train its AI models. Google’s AI-powered features, such as its “AI Overviews,” which provide narrative responses to search queries, are built on the company’s extensive data assets. These overviews summarize information from across the web, presenting it directly to users without requiring them to click through to the original sources. While this feature enhances the user experience, it has raised alarms among regulators who fear that Google’s dominance in search could extend into AI, potentially stifling competition in this emerging field. In response to concerns about data scraping, Google introduced a tool that allows websites to block data scraping specifically for AI purposes. However, this opt-out option does not apply to all data used for AI development, and Google has been criticized for not allowing website publishers to opt out of AI Overviews, which are considered a “feature” of search rather than a separate product. The Justice Department’s focus on AI reflects broader concerns about the concentration of power in the tech industry, particularly as AI becomes increasingly central to the digital economy. If Google’s dominance in search allows it to maintain an unassailable lead in AI, it could further entrench the company’s monopoly and limit the opportunities for innovation and competition in this critical area. Possible Remedies: Breaking Up and Beyond As the Justice Department considers its options, several potential remedies are on the table. In addition to the possible breakup of Google, other measures being discussed include requiring Google to share more data with competitors, imposing interoperability requirements on its products, and preventing the company from using its dominance in search to unfairly advantage its AI offerings. One less severe remedy could involve mandating Google to divest or license its data to rival search engines, such as Microsoft’s Bing or DuckDuckGo. This would address one of the key findings in Judge Mehta’s ruling: that Google’s contracts ensure it collects far more user data than its competitors, which in turn allows it to refine its search algorithms and maintain its dominance. Another option could involve requiring Google ( NASDAQ:GOOG ) to stop forcing websites to allow their content to be used for AI products in order to appear in search results. This would prevent Google from leveraging its search monopoly to dominate the AI market, ensuring that competitors have a fair chance to develop their own AI technologies. The Justice Department is also considering banning exclusive contracts that stifle competition. For example, Google’s agreements with device manufacturers, which require the pre-installation of its apps, could be prohibited, allowing consumers more choice in the search engines and browsers they use. The Road Ahead: Implications for Google and the Tech Industry The outcome of the upcoming trial, set for September 4, will determine the specific penalties or remedies that Google ( NASDAQ:GOOG ) will face. If the Justice Department decides to pursue a breakup, it will need approval from Judge Mehta, who would then direct Google to comply. This process could take years to fully unfold, but the implications for Google—and the tech industry as a whole—could be profound. For Google ( NASDAQ:GOOG ), a breakup would mean a dramatic shift in its business model. Divesting Android and Chrome would not only reduce its control over key aspects of the digital ecosystem but could also lead to a loss of synergy between its products, potentially weakening its competitive position. However, it could also create new opportunities for innovation and competition, as other companies step in to fill the void left by Google’s dominance. For the tech industry, the case could set a significant precedent, influencing how digital markets are regulated in the future. If successful, the Justice Department’s actions could pave the way for more aggressive antitrust enforcement against other tech giants, such as Amazon, Apple, and Facebook, which have also faced scrutiny over their business practices. The case also raises broader questions about the role of government in regulating technology companies. As digital markets continue to evolve, the balance between fostering innovation and ensuring competition will be a key challenge for regulators. The outcome of the Google case could provide a roadmap for how to navigate this complex landscape, ensuring that the benefits of technology are widely shared while preventing any one company from gaining too much power. Technical Outlook Currently, as of the time of writing, Google's stock ( NASDAQ:GOOG ) is down 1.91% in premarket trading on Wednesday. The Relative Strength Index (RSI) is at 39.87, indicating that the stock is quite oversold. This is not good news for Google, especially considering that the company is facing challenging times. However, there is a glimmer of hope as the stock is trading above the 200-day Moving Average. Conclusion: A Pivotal Moment for Big Tech The Justice Department’s potential breakup of Google represents a watershed moment in the ongoing effort to regulate Big Tech. As the case progresses, it will be closely watched by industry leaders, regulators, and investors, as it could reshape the future of the technology sector. For Google, the stakes could not be higher. The company’s dominance in search, advertising, and AI has made it one of the most powerful corporations in the world, but it is now facing the possibility of being dismantled by the very government that once championed its success. Regardless of the outcome, the case will have lasting implications for the tech industry, as it could set a new standard for antitrust enforcement in the digital age. As the Justice Department weighs its options, the future of Google—and the broader tech landscape—hangs in the balance.
NASDAQ:GOOGLong
by DEXWireNews
GOOGL Short Term bounce, but Long Term crash??A lot of this drop on NASDAQ:GOOGL is due to AI news and possible bubble bust. I dont think investors are giving up on GOOGL and expect to see a short term bounce to around the 172-173 area this coming week. Market depending. I think 155 looks a lot better to buyers rather than 167 but we shall see. Either way another big move is waiting for NASDAQ:GOOGL We just need to see if buyers will step in. Weekly is still overbought. But Daily, 4HR and smaller Timeframes looks like it will bounce.
NASDAQ:GOOGLLong
by MikeeBuilds
4
NAS100 US100 NASDAQ - LONGHi guys! After the crazy political events (Biden resignation, Trump win odds around 60% - Kamala 30-35%) - The NASDAQ has reached my levels of interest for LONGS. Area I marked on the chart is the first point I started building the long position . I want a nice swing position for a 2% move up minimum (50% FVG) with a chance to reach All time highs supply area possibly . Please note: - Alphabet (GOOGLE) and Tesla (TSLA) earnings report on Tuesday after session, - Observe the political stage and the odds.
CAPITALCOM:US100Long
by AdiVV
GOOGLE Correction completed. Buying again for a $210 Target.Last time we made a call on Alphabet Inc. (GOOG) on July 11 (see chart below), we caught the most optimal sell entry, right at the top of the 21-month Channel Up: The price not only broke below the 1D MA50 (blue trend-line) for the first time since March 15, but today almost touched the 1D MA100 (green trend-line), which is holding since March 12. This correction is consistent with the mid Bullish Leg pull-back that bottomed on July 11 2023 and then moved on to complete a +37.69% rise from the previous Higher Low. As a result, we think this is the best level to buy again and target $210.00 (+37.69% rise from the April 25 Higher Low. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
NASDAQ:GOOGLong
by TradingShot
1
GOOGLE Top of the Channel makes pull-back likely. Buy the dip.Alphabet Inc. (GOOG) has been trading within a Channel Up since the November 03 2022 market bottom and on our last analysis (April 16, see chart below), it gave us an excellent buy entry, hitting eventually our 175.00 Target: Right now the price is more than half-way on the new Bullish Leg but has come very close to the Channel's top (Higher Highs trend-line). Based on the June 07 2023 Top and the previous major Bullish Leg, we might get a pull-back towards the 1D MA50 (blue trend-line), before going for the final Higher High. As as result, we are now willing to buy only after a 1D MA50 contact and Target $210.00, which will represent a +37.60% rise from the recent Higher Low, similar to the Bullish Leg of 2023. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
NASDAQ:GOOG
by TradingShot
2
Google Set to Invests 1 Billion Euros in Finnish Data CentreGoogle ( NASDAQ:GOOG ), a subsidiary of Alphabet Inc., has announced its plan to invest an additional 1 billion euros ($1.1 billion) in the expansion of its data center campus in Finland. This strategic move aims to bolster the company's artificial intelligence (AI) business growth in Europe. The Nordic region, with its cooler climate, tax incentives, and abundant renewable energy sources, has become a preferred location for data centers in recent years. While some Nordic countries have expressed concerns about hosting data centres, citing the potential use of renewable power for higher value products such as green steel, Finland's significant increase in wind power capacity, particularly a 75% surge to 5,677 megawatts in 2022, has positioned it favorably for accommodating data centres. Google ( NASDAQ:GOOG ) has secured wind power in Finland through long-term contracts, leveraging the country's renewable energy potential. With the proliferation of AI applications, analysts anticipate a substantial surge in data centres' power consumption. Google's investment in the Finnish data centre aligns with its commitment to operating with 97% carbon-free energy and its plan to redirect excess heat from the data centre to the district heating network in Hamina, benefiting local households, schools, and public service buildings. Furthermore, Google has pledged to achieve net zero emissions across all its operations and value chain by 2030. In addition to its Finnish investment, Google ( NASDAQ:GOOG ) recently announced its intention to construct new data centres in the Netherlands and Belgium. These initiatives underscore the company's strategic focus on expanding its data infrastructure to support its growing AI and cloud computing operations. Technical Outlook Google ( NASDAQ:GOOG ) stock is up 1% to $179 per share trading with a bullish Relative Strength Index (RSI) of 71.99 which is sparsely overbought. The stock is prime for further growth as it is trading above the 200, 100, and 50-day Moving Averages (MA) Respectively. A move further above the 1-month high to the pivot point will validate new highs for Google ( NASDAQ:GOOG ).
NASDAQ:GOOGLong
by DEXWireNews
OpenAI’s search engine: Implications beyond GOOG stockOpenAI has denied rumors claiming it's set to reveal an AI-powered search engine for its flagship chatbot, ChatGPT, on Monday. Although there is speculation that OpenAI is being a bit of a wise guy, and the product it will demo is not a search engine, but what they might dub as the next generation of search engines. It will be interesting to see if this product, whenever it is first demonstrated, is anything Google will have to worry about. According to Bloomberg, OpenAI’s search tool will be partly powered by Microsoft’s Bing search engine. Make of that what you will. Either way, this could likely ratchet up competition with Google and the market might have already begun to price in this risk to GOOG stock. But what other stocks could face a negative or positive risk from this development? Maybe we can ask ChatGPT: “Online advertising companies: Companies that heavily rely on Google's advertising platform for revenue could face challenges if advertisers shift their budgets to the new search engine. This includes companies like The Trade Desk (TTD), Magnite Inc. (MGNI), and Criteo S.A. (CRTO). E-commerce platforms: Google's search engine is a major source of traffic for many e-commerce platforms. If a rival search engine gains popularity, it could impact the flow of traffic and potentially affect revenue for companies like Amazon (AMZN), eBay Inc. (EBAY), and Shopify Inc. (SHOP). Payment processing companies: Google's search engine facilitates e-commerce transactions, which benefits payment processing companies like PayPal Holdings Inc. (PYPL) and Square Inc. (SQ). If a rival search engine affects e-commerce traffic patterns, it could indirectly impact payment processing companies. Digital marketing agencies: Companies that specialize in search engine optimization (SEO) and search engine marketing (SEM) services may see a shift in demand if advertisers allocate resources away from Google towards the new search engine. Examples include companies like WPP plc (WPP) and Omnicom Group Inc. (OMC). Data analytics companies: Google's search engine generates vast amounts of data, which is valuable for analytics purposes. If a new search engine captures market share, it could impact data analytics companies that rely on Google's data for insights. Companies like Nielsen Holdings plc (NLSN) and The Dun & Bradstreet Corporation (DNB) could be affected. Online review platforms: Google's search engine plays a significant role in driving traffic to online review platforms like Yelp Inc. (YELP) and TripAdvisor Inc. (TRIP). A new search engine could potentially change the dynamics of online reviews and impact these platforms' user base and revenue streams.”
NASDAQ:GOOG
by BlackBull_Markets
NHS Partners with Google Drones for Rapid Blood Sample DeliveryIn a groundbreaking collaboration poised to transform medical logistics, the National Health Service ( AMEX:NHS ) has announced plans to utilize Google's autonomous drones for transporting blood samples between London hospitals. This innovative initiative, spearheaded by Wing, a subsidiary of Google's parent company Alphabet, aims to revolutionize the delivery of high-priority medical tests, enhancing efficiency and patient care. Harnessing Cutting-Edge Technology: Wing's autonomous drones, equipped with state-of-the-art technology, will navigate the skies of London to ferry vital blood samples between Guy's and St Thomas' hospitals. With the ability to travel at speeds of up to 58 miles per hour and cover distances of up to six miles, these drones represent a quantum leap in medical logistics, promising swift and reliable delivery of critical medical specimens. Addressing Healthcare Challenges: The utilization of Google drones for blood sample delivery addresses a pressing need within the healthcare system for expedited transportation of medical specimens. Currently, blood samples are transported via conventional means, often resulting in delays in processing and diagnosis. By leveraging drone technology, the NHS aims to streamline the transportation process, minimizing delays and ensuring timely medical intervention for patients. Collaborative Efforts for Innovation: The partnership between Wing and Apian, a medical logistics company comprised of former AMEX:NHS doctors and Google employees, underscores the collaborative spirit driving innovation in healthcare delivery. With funding from the AMEX:NHS , Apian's expertise in medical logistics combined with Wing's drone technology promises to revolutionize the way medical samples are transported, setting a new standard for efficiency and reliability in healthcare logistics. Implications for the Future: The trial deployment of Google drones for blood sample delivery represents a pivotal moment in the evolution of healthcare logistics. If successful, the initiative could pave the way for broader adoption of drone technology in healthcare delivery, with the potential to enhance patient outcomes and streamline medical processes. As the trial progresses, stakeholders eagerly anticipate the transformative impact of this innovative partnership on the healthcare landscape.
AMEX:NHS
by DEXWireNews
Google Takes Flight: Soaring Valuation, Strong Earnings, and RewAlphabet Inc., Google's parent company, is experiencing a period of phenomenal growth. The tech giant is on the cusp of a historic milestone – a market capitalization approaching $2 trillion. This achievement comes alongside impressive quarterly earnings that surpassed analyst expectations, solidifying investor confidence. Further sweetening the deal for shareholders, Alphabet recently distributed its first-ever dividend and announced a substantial $70 billion stock buyback plan. The meteoric rise in market value reflects investor optimism about Google's future. The company's core advertising business remains robust, fueled by the ever-increasing reliance on digital marketing. Google's dominance in search and its expansive network of online properties continue to generate significant advertising revenue. But Google's ambitions extend far beyond traditional advertising. The company is at the forefront of artificial intelligence (AI) development. Its investments in AI research and applications are paying off, with innovations like Google Assistant and DeepMind showcasing the transformative potential of this technology. AI is being integrated across various Google products, enhancing user experiences and driving new revenue streams. Another key driver of growth is Google Cloud. This segment, often overshadowed by the advertising juggernaut, is steadily gaining traction. Cloud computing is a rapidly expanding market, and Google Cloud is well-positioned to capture a significant share. With its robust infrastructure, suite of cloud services, and focus on security, Google Cloud is attracting major corporations looking for reliable and scalable solutions. The recent surge in stock price also reflects the success of Alphabet's first-ever dividend payout. This move signals a shift in the company's strategy, acknowledging the growing base of long-term investors seeking regular returns. The dividend, coupled with the sizable stock buyback program, demonstrates Alphabet's commitment to rewarding shareholders and returning value. The buyback plan will reduce the number of outstanding shares, potentially driving up the stock price further. However, Google's path to continued dominance isn't without challenges. Regulatory scrutiny over data privacy and antitrust concerns remain significant hurdles. The company faces intense competition from other tech giants like Apple and Amazon, all vying for dominance in the digital landscape. Additionally, the broader market environment could impact Google's performance. Economic downturns or fluctuations in interest rates could dampen investor confidence and affect advertising spending. Despite these challenges, Google's future appears bright. The company has a proven track record of innovation, a diversified business model, and a strong financial position. With its recent stellar earnings report, soaring market value, and commitment to rewarding shareholders, Google is well-positioned to maintain its position as a tech leader for years to come.
NASDAQ:GOOGLong
by bryandowningqln
Google Inc. ($GOOG) Stock Surged 10.4% on Earnings Beat In a landmark moment for the tech industry, Alphabet Inc. ( NASDAQ:GOOGL ), the parent company of Google, has surpassed Wall Street's expectations and made history by announcing its inaugural dividend and a staggering $70 billion stock buyback program. The groundbreaking move comes as Google's first-quarter earnings and revenue far exceeded analyst forecasts, igniting investor optimism and propelling Google stock to new heights. Unprecedented Growth Amidst AI Revolution Google's remarkable performance in the first quarter of 2024 has reinforced its position as a powerhouse in the tech landscape. With earnings per share soaring by an impressive 61% year-over-year to $1.89, and gross revenue climbing 15% to a staggering $80.54 billion, the company has demonstrated robust growth across its diverse portfolio of businesses. Analysts had anticipated earnings of $1.51 per share on revenue of $78.7 billion, but Google's stellar results surpassed even the most bullish forecasts. AI-Powered Success Across Business Units Its thriving cloud computing and YouTube units are fueling Google's stellar performance, which exceeded expectations and showcased the transformative impact of artificial intelligence (AI) innovations. Advertising revenue surged by 13% to $61.66 billion, driven by Google's unmatched data and distribution advantages. YouTube, in particular, reported a remarkable 21% increase in ad revenue, buoyed by the platform's burgeoning subscriber base and expanding content ecosystem. Market Response and Future Outlook In the wake of Google's stellar earnings report, NASDAQ:GOOGL stock surged by an impressive 10.4% in early trading, reaching $172.24. Investor sentiment is overwhelmingly positive, with the stock surging with a Relative Strength Index (RSI) of 73 which is within the overbought region. While concerns over capital spending have lingered, particularly amidst intensified competition in the AI landscape, analysts remain bullish on Google's ability to navigate these challenges and sustain its momentum in the years ahead. Pioneering the Future of Tech As Google ( NASDAQ:GOOG ) continues to lead the charge in AI-driven innovation, the company's groundbreaking achievements underscore its unwavering commitment to shaping the future of technology. With its visionary leadership, formidable resources, and relentless pursuit of innovation, Google ( NASDAQ:GOOG ) is poised to redefine the boundaries of possibility and create enduring value for shareholders, consumers, and society at large. As the tech giant embarks on this transformative journey, the possibilities are limitless, and the future is undeniably bright.
NASDAQ:GOOGLong
by DEXWireNews
Alphabet Q1'24 Earnings Report. Full UpAlphabet announced First Quarter 2024 Results. Sundar Pichai, CEO, said: “Our results in the first quarter reflect strong performance from Search, YouTube and Cloud. We are well under way with our Gemini era and there’s great momentum across the company. Our leadership in AI research and infrastructure, and our global product footprint, position us well for the next wave of AI innovation.” Ruth Porat, President and Chief Investment Officer; CFO said: “Our strong financial results for the first quarter reflect revenue strength across the company and ongoing efforts to durably reengineer our cost base. We delivered revenues of $80.5 billion, up 15% year-on-year, and operating margin expansion.” Revenues B$80.539, Change in revenues year over year +15 % Operating income B$25.472, Operating margin +32 %. Diluted EPS $1.89 ($1.511 Estimated). Dividend Program Alphabet’s Board of Directors approved the initiation of a cash dividend program, and declared a cash dividend of $0.20 per share that will be paid on June 17, 2024, to stockholders of record as of June 10, 2024, on each of the company’s Class A, Class B, and Class C shares. The company intends to pay quarterly cash dividends in the future, subject to review and approval by the company’s Board of Directors in its sole discretion. Stock Repurchases Alphabet’s Board of Directors today authorized the company to repurchase up to an additional $70.0 billion of its Class A and Class C shares in a manner deemed in the best interest of the company and its stockholders, taking into account the economic cost and prevailing market conditions, including the relative trading prices and volumes of the Class A and Class C shares. The repurchases are expected to be executed from time to time, subject to general business and market conditions and other investment opportunities, through open market purchases or privately negotiated transactions. Technical graph indicates on Strong Bullish Sentiment.
NASDAQ:GOOG
by PandorraResearch
Google Set to Scrap Minimum Wage Stock Drop 1%Alphabet Inc.'s Google ( NASDAQ:GOOG ) has announced its decision to reverse the policy requiring its US-based suppliers and staffing firms to provide their employees with at least $15 per hour as well as health insurance and other benefits. The move allows the tech giant to avoid bargaining with unions and comply with evolving US and global labor regulations concerning contingent workers. This change, along with measures such as restricting access to internal systems for temporary workers and vendors, aims to clarify that Google is not and never has been the employer of the employees of its suppliers. According to a Google spokesperson, these updates bring Google in line with other significant companies. This announcement follows a recent ruling by the US National Labor Relations Board that recognized Google as a 'joint employer' of workers supplied by Cognizant Technology Solutions, requiring the tech giant to negotiate with their union. Google is currently appealing the decision. The 2019 policy was used by the board as evidence that Google exercised control over workers, despite not employing them directly. The labor board has made it more challenging for companies to avoid bargaining with temporary and contract workers. In 2020, it adopted a rule that considers companies to be the employers of contract workers if they have indirect control over working conditions. A federal judge blocked the rule from taking effect in March. The spokesperson stated that Google ( NASDAQ:GOOG ) would continue enforcing its supplier code of conduct, which requires staffing firms and vendors to provide safe working conditions and fulfill current legal obligations. The majority of the company's suppliers operate in states that mandate a minimum wage of at least $15.
NASDAQ:GOOG
by DEXWireNews
Alphabet Inc.'s Google Has Terminated 28 EmployeesAlphabet Inc.'s Google ( NASDAQ:GOOG ) has terminated 28 employees for their involvement in protests against Project Nimbus, a joint $1.2 billion agreement with Amazon.com Inc. to provide AI and cloud services to the Israeli government and military. The protests, organized by the No Tech for Apartheid campaign, took place on Tuesday across Google offices in New York City, Seattle, and Sunnyvale, California. Protesters in New York and California staged a nearly 10-hour sit-in, with others documenting the action through a Twitch livestream. Nine protesters were arrested on trespassing charges. Several workers involved in the protests, including those not directly engaged in the sit-in, received a message from the company's Employee Relations group informing them that they had been put on leave. Google told the affected employees that it's "keeping this matter as confidential as possible, only disclosing information on a need-to-know basis" in an email seen by Bloomberg. On Wednesday evening, the workers were informed that they were being dismissed by the company, according to a statement from Google staff with the No Tech for Apartheid campaign. Google's statement regarding the protesters stated, "Physically impeding other employees' work and preventing them from accessing our facilities is a clear violation of our policies, and completely unacceptable behavior. After refusing multiple requests to leave the premises, law enforcement was engaged to remove them to ensure office safety. We have so far concluded individual investigations that resulted in the termination of employment for 28 employees, and will continue to investigate and take action as needed." The protest took place a day before the Israeli government approved its five-year strategic plan to transition to the cloud under Project Nimbus and expand digital services. Israel's Defense Ministry and military were listed in a government statement as partners in Project Nimbus, along with other government offices. A representative for Google said that the Nimbus contract is "not directed at highly sensitive, classified, or military workloads relevant to weapons or intelligence services." Google ( NASDAQ:GOOG ) has long favored a culture of open debate, but employee activism in recent years has tested that commitment. Workers who organized a 2018 walkout over the company's handling of sexual assault allegations claimed that Google punished them for their activism. Four other workers alleged they were fired for organizing opposition to Google's work with federal Customs and Border Protection and for other workplace advocacy. US labor law gives employees the right to engage in collective action related to working conditions. Tech workers will likely argue that this should grant them the ability to band together to object to how the tools they create are used, said John Logan, a professor of labor at San Francisco State University. Tech companies like Google ( NASDAQ:GOOG ) have a reputation for having "more egalitarian and very cosmopolitan work cultures, but when they encountered labor activism among their own workers, they actually responded in a sort of quite draconian way," Logan added. Two Google employees who were involved in the protest in California told Bloomberg that a group of workers gathered on the sixth floor of Google's Sunnyvale bureau, where Cloud Chief Executive Officer Thomas Kurian's office is located, to show support for those who were staging the sit-in. It's unclear how Google identified participants in the protest, as only some had their badges scanned by security personnel, and some of those who were fired were outside Google's offices, according to the employees. One worker said Google ( NASDAQ:GOOG ) may have framed the move to initially place employees on leave as "confidential" to save face publicly, and argued that the protesters did not violate any company policies. The protesters left the building as soon as they were asked to and did not obstruct or disrupt others at the company, the person said. Beyond the protest, Google ( NASDAQ:GOOG ) has struggled with how to manage internal debate about the Middle East conflict. After the demonstration, posts on internal Google forums featured a mix of pro-Palestinian and pro-Israeli sentiment, with a number of other workers saying they felt the topic was inappropriate for the workplace, a Google ( NASDAQ:GOOG ) employee said. Moderators locked down some threads on the subject, saying prior discussions had gotten too heated, the employee added. Despite Google's response, employees demonstrating against Project Nimbus have seen an uptick in support since the sit-in, said one of the fired workers.
NASDAQ:GOOGLong
by DEXWireNews
2
GOOGLE Short-term correction is another longterm buy opportunityLast time we looked at Alphabet Inc (Google/ GOOG) almost two months ago (February 27, see chart below) we caught an excellent buy entry and even tough the price dipped some more after, it is approaching our 168.00 Target: Yesterday's strong bearish 1D candle serves as an early signal that the stock can pull-back to its 1D MA50 (blue trend-line) again on the short-term before resuming the long-term bullish trend. After all this is not unfamiliar to Google's 15-month Channel Up pattern, which had a similar 1D MA50 pull-back on numerous occasions, the shortest of which has been -10.45%. Due to the fair symmetrical attributes of the Higher Highs as well, we revise our Target and place it even higher at 175.00 (+22.18% projection from the expected Low). ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
NASDAQ:GOOG
by TradingShot
1
Google Cloud Expands Reach in Finance Sector with Innovative AI In a strategic move aimed at revolutionizing the financial landscape, Google Cloud ( NASDAQ:GOOG ) has announced groundbreaking partnerships with three industry leaders, signaling a significant leap forward in the adoption of cutting-edge technology within the sector. At the forefront of these collaborations is Citadel Securities, a powerhouse in the capital markets arena. Building upon a seven-year relationship, Citadel Securities is poised to elevate its quantitative research platform to unprecedented heights with the aid of Google Cloud's advanced technology. With features designed to enhance performance profiling, efficiency monitoring, and research productivity, the platform promises to revolutionize trading operations, solidifying Citadel Securities' position as a frontrunner in the industry. Meanwhile, in Canada, Scotiabank is set to leverage Google Cloud's Vertex AI solution to drive innovation in language models and generative AI. This strategic partnership underscores Scotiabank's commitment to enhancing security and client experience through cutting-edge chatbot technology and AI-driven search tools. By harnessing the power of Vertex AI, Scotiabank aims to deliver unparalleled service excellence while staying ahead of the curve in an increasingly competitive market. Joining the ranks of innovators is Discover Financial Services, a stalwart in digital banking and payment services. By integrating Google Cloud's AI capabilities, Discover is poised to revolutionize its contact centers with real-time search assistants, enhanced self-service options, and intelligent document summarization tools. This transformative initiative underscores Discover's unwavering commitment to delivering superior customer experiences and driving operational efficiency through the power of AI. These strategic partnerships mark a pivotal moment in the financial industry's digital transformation journey, highlighting the growing appetite for cloud capabilities and AI-driven solutions. With Google Cloud ( NASDAQ:GOOG ) at the helm of innovation, financial institutions are empowered to unlock new possibilities, drive growth, and stay ahead in an increasingly dynamic and competitive landscape. As Google Cloud ( NASDAQ:GOOG ) continues to push the boundaries of what's possible, these collaborations serve as a testament to the company's unwavering commitment to driving technological innovation and empowering businesses to thrive in the digital age. With transformative solutions and strategic partnerships, Google Cloud ( NASDAQ:GOOG ) is redefining the future of finance, one breakthrough at a time.
NASDAQ:GOOG
by DEXWireNews
1