Goldman Sachs keeps a Buy rating and $210 price target on Alphabet (GOOGL) after the company unveiled the latest version of its flagship multi-modal AI model, Gemini 2.0. With Gemini 2.0, Alphabet has seemingly achieved a step-function improvement in model performance and also showcased a wider array of capabilities powered by the new AI model – in addition to applying Gemini 2.0 to improve existing AI applications/use cases, the analyst tells investors in a research note. The firm is “increasingly convicted” following Alphabet’s recent announcements that the company is well positioned longer-term against the rise of AI across various aspects of the enterprise and consumer computing landscape and remains “at the forefront of all aspects” in forward computing innovation, Goldman Sachs added.
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