Alphabet Shares Gain Following Annual Developer Conference

About Alphabet Shares Gain Following Annual Developer Conference

Alphabet's shares saw a 1.81% increase on Thursday as a result of their annual developer conference announcements. Highlights included an enhancement to the Veo 3 AI video tool and the introduction of a new AI Mode for Search and Chrome by CEO Sundar Pichai. These updates emphasize Google's commitment to generative AI with a chatbot-like experience. Analysts from JPMorgan, Goldman Sachs, and Citizens shared positive outlooks, with price targets set at $195 and $200 by leading financial experts.