Alphabet Stock Is Having a Bad Year. How AI Can Make or Break the Google Parent. - Barron's
1. GOOGL shares dropped 0.3%, reflecting market competition in AI. 2. Analyst Andrew Boone upgraded GOOGL to Outperform, setting a $220 target. 3. AI is seen as beneficial, expanding search opportunities for GOOGL. 4. Apple's search traffic decline indicates competitive pressure from AI alternatives. 5. Concerns over antitrust penalties pose risks to GOOGL's distribution.