Alphabet Class A ( (GOOGL) ) has been popular among investors this week. Here is a recap of the key news on this stock.
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Alphabet Class A is doubling down on artificial intelligence, committing an initial $10 billion to Anthropic with the option to add $30 billion more, in a deal that tightly binds the fast‑rising AI rival to Google Cloud’s infrastructure. The funding values Anthropic at $350 billion and includes access to 5 gigawatts of computing power over five years, reinforcing Alphabet’s pivot from a pure search‑ads model toward high‑margin AI and cloud infrastructure.
The bet comes as Alphabet Class A heads into its April 29 Q1 earnings with strong market momentum, its share price up 116% over the past year on robust cloud growth, TPU chip demand, and new AI products like AI Overviews that aim to protect its core Search franchise. Wall Street remains bullish, assigning a Strong Buy consensus and an average price target near $388, implying low‑double‑digit upside, while ownership is widely spread across public investors and heavyweight institutions such as Vanguard.
Alphabet Class A also finds itself pulled into the broader regulatory debate around AI, as U.S. lawmakers urge the company to remove Elon Musk’s Grok chatbot and the X platform from its app stores amid global probes into sexually explicit content generated by the model. While these investigations target SpaceX’s xAI unit rather than Alphabet directly, they highlight the growing legal and reputational risks surrounding advanced AI systems just as Alphabet scales its own technology and deepens ties with Anthropic.