Gemini is here (for now only in the States), Google’s new artificial intelligence. What to expect on the stock market? Here are the analysts’ opinions on Alphabet stock.
Google shares, buy or sell after the launch of the new AI Gemini? Alphabet, the parent company of Google, recorded an increase of more than 5% after the launch of its revolutionary artificial intelligence model. Google and Alphabet CEO Sundar Pichai said Gemini represents a significant step in the evolution of artificial intelligence and offers unprecedented multimodal capability.
Gemini was designed to seamlessly integrate text, images, audio, video, and computer code, making it Google’s most advanced large language model. Its versatility is evident in three variants: Gemini Nano for mobile devices, Gemini Pro for complex tasks, and Gemini Ultra for data centers and large enterprises, the latter scheduled to launch next year.
The challenge launched by Alphabet to OpenAI, creator of ChatGPT, led to a comparison between Gemini and GPT-4. While GPT-4 is not multimodal, Gemini outperformed the best existing models in 30 of 32 industry-academic benchmarks, demonstrating excellence in performance on large linguistic tasks.
The market responded positively to the launch of Gemini, with Alphabet shares rising 5%. Investors are optimistic about the potential of this advanced AI model to transform the business and everyday technology landscape.
Sundar Pichai underlined that the transition to artificial intelligence represents an epochal change, comparable or even greater than that from the web to smartphones. Investors must now carefully consider whether to buy or sell Google stock based on this new development.
The future looks promising for Alphabet, which continues to invest in cutting-edge technologies. Gemini’s efficiency and performance could result in greater market opportunities and, consequently, a further increase in share value. Prudent investors, however, should closely monitor the implementation of Gemini in the coming months and evaluate developments in the AI market.
JP Morgan maintains its "buy" recommendation on the stock, leaving the target price unchanged at 150 dollars.
Before seeing the new strategy with Turbo Unlimited Certificates of BNP Paribas, let’s analyze the support and resistance levels according to the technical analysis.
Alphabet technical analysis: operational strategies
Alphabet toned after the launch of the new artificial intelligence. A potential bullish head and shoulders continuation appears on the stock’s chart which - if completed by exceeding the 139.50-140 dollar area - could reactivate the rally towards targets identifiable at 150 dollars and then up to 158-160 dollars. The markedly bullish graphic picture would deteriorate in the event of descents below the 128 area. In that case, sinking towards the 120 and 115-dollar area is expected.
- Google (Alphabet) stock price chart
- Source: TeleTrader
Let’s summarize the levels to monitor for our strategy:
Trigger: over 139.50
First target: $150
Second target: $158
Stop loss: $134.50
Original article published on Money.it Italy 2023-12-08 08:15:00. Original title: Azioni Google, comprare o vendere dopo il lancio della nuova AI Gemini?
