AI predicts Google stock price for year-end

Core Viewpoint - Alphabet Inc. has faced a stock price pullback from its all-time high of $192 due to antitrust pressures and increased competition in the AI sector, with current trading at $164 and a modest gain of 1% over the past month, leading to predictions of a stock price range between $170 and $190 by the end of 2024 [1][5] Legal Uncertainty and Antitrust Concerns - Ongoing antitrust case by the U.S. Department of Justice accuses Google of maintaining an illegal monopoly in search and text advertising, with a recent temporary victory allowing a delay in court-mandated remedies related to its Play Store [2] - Legal challenges remain significant, and adverse outcomes could have long-term implications for Google's core business [2] AI Dominance and Growth Opportunities - Google's search engine market share is projected to drop below 50% for the first time in over a decade due to emerging AI competitors like Perplexity and OpenAI's ChatGPT [3] - Despite competition, Google is actively pursuing AI advancements, including a partnership with Honeywell to enhance industrial efficiency through its Gemini AI [3][4] Waymo's Autonomous Vehicle Expansion - Waymo continues to lead in the robotaxi sector, with analysts predicting significant operational scaling ahead of competitors like Tesla, which has faced challenges in its robotaxi initiatives [4] - Wall Street analysts have not fully accounted for Waymo's growth potential in Alphabet's overall valuation, indicating untapped upside if Waymo's strategy is successfully executed [4] AI Prediction for Google Stock by Year-End - AI-driven models suggest Google's stock could reach $190 by the end of 2024, assuming legal challenges do not escalate and Waymo's expansion continues to gain traction [5] - A more conservative year-end price closer to $170 is also possible if antitrust rulings and AI competition further erode Google's market share [5] - The trajectory of Google's stock will depend on its ability to navigate legal challenges and capitalize on growth opportunities in AI and autonomous vehicles [5]