Rosenblatt Securities has downgraded Alphabet's (GOOG, GOOGL) stock to Neutral from Buy and trimmed its price target. The firm cites transitional risks and increasing competition as key factors in its decision. Catalysts hosts Seana Smith and Madison Mills break down the details. For more expert insight and the latest market action, click here to watch this full episode of Catalysts. This post was written by Angel Smith
Rosenblatt Securities analyst Barton Crockett downgraded Alphabet stock to Neutral from Buy on worries a shift toward AI-powered search could have adverse effects.
BRUSSELS (Reuters) -EU antitrust regulators will seek additional third-party views on the partnership between Microsoft and OpenAI as well Google's artificial-intelligence deal with Samsung, EU competition chief Margrethe Vestager said on Friday. Vestager had in March sent questionnaires to Microsoft, Google, Meta's Facebook and ByteDance's TikTok as well as other big tech companies related to their AI partnerships.