(News Bulletin 247) – Alphabet went against the tide of US equity markets on Thursday and gained more than 4%, benefiting from favorable analyst comments following its latest advances in artificial intelligence.

At the end of the morning, the title ‘A’ of the Internet giant climbed 4.2%, signing one of the strongest increases in the Nasdaq 100 index, after having already taken more than 4% yesterday.

Several professionals today welcome the announcements made yesterday by the group on the occasion of the holding of its developer conference, called ‘Google I/O’.

‘Our impression is that the I/O presentation has helped to allay fears surrounding products related to online research, costs, but also monetization’, underline the Bank of America teams.

“We have the feeling that AI will make it possible to greatly improve search functionalities, which could arouse growing interest in its tools in the field knowing that Google is well positioned on mobile”, adds BofA, which displays a buy recommendation on the title.

At Mizuho Securities, it is emphasized that all the novelties related to the integration of AI, in particular in office automation tools, should appear this year.

Claiming to be ‘comfortable’ with Alphabet’s long-term positioning in this area, the research department maintains its buy recommendation as well as its target price of 135 dollars.

Jefferies, also buying with a target of 130 dollars, evokes for its part a message “much more coherent” than the disappointing announcements which had been made in Paris this winter.

“We expect the momentum in the field to accelerate with the start of monetization expected by the end of the year, predicts the broker.

If the stock market is far from its highs of the end of 2021, its valuation of more than 1,400 billion dollars makes Alphabet the fourth largest market capitalization in the world, behind Apple, Microsoft and Saudi Aramco.

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