Tech giant Alphabet (GOOGL) brought out its earnings report earlier today, and in a baffling development, it proved catastrophic for share prices. But that was not all Alphabet had to show off today, as it moved to get the Gemini 2.0 system into more users’ hands. This did little to distract from the earnings report, though, as shares dropped nearly 7% in Wednesday afternoon’s trading.
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We know that Alphabet is ramping up its AI agent approach, opening up the potential to allow users to task AI systems with complex tasks that can be done wholly on the user’s behalf. Getting Gemini 2.0 out into the field should prove helpful on that end, because now more users will be able to figure out how to incorporate the latest AI model into their software tools.
Gemini 2.0 is regarded as Alphabet’s “most capable” model suite released yet. While it was previously available to developers and “trusted testers,” the new move opens up Gemini 2.0 into “general release,” reports note. Gemini 2.0 will come with 2.0 Flash, called the “workhorse model” according to reports, along with 2.0 Flash-Lite, which is the “cost-efficient version.” Also included is 2.0 Pro Experimental, considered the more high-performance version.
Google Photos Upgrade
And, Google is also delivering some new value for Google Photos users. New reports suggest the platform got a bit of an upgrade that allows users to “…hide all photos from other photo and social media apps….” Users will be able to hide all their photos, or just some, which are referred to as “clutter.”
Users can also show content that has been specifically backed up, which can be helpful. Further, users will even have the option to customize their preferences on a by-the-app basis, allowing some apps more access and other apps less, reports note. The new tools are already out, and it is recommended that users update their Google Photos app to ensure seeing them in the lineup.
Is Alphabet a Buy, Hold or Sell?
Turning to Wall Street, analysts have a Strong Buy consensus rating on GOOGL stock based on 22 Buys and nine Holds assigned in the past three months, as indicated by the graphic below. After a 34.85% rally in its share price over the past year, the average GOOGL price target of $217.22 per share implies 14.03% upside potential.
