Core Viewpoint - GoDaddy Inc. is set to release its financial results for Q3 2025 on October 30, 2025, after the U.S. stock market closes, followed by a live webcast for investors [1]. Company Overview - GoDaddy assists millions of entrepreneurs worldwide in starting, growing, and scaling their businesses by providing services such as domain naming, website building, logo creation, product sales, and payment processing [3]. - The company offers an AI-powered experience called GoDaddy Airo, which aims to expedite the process of getting small businesses online, driving traffic, and boosting sales [3]. - GoDaddy provides 24/7 expert guidance to support its users [3].

Core Viewpoint - Google is seeking to maintain the ability to bundle its popular applications, such as Maps and YouTube, with its Gemini AI service, countering a Justice Department proposal that would restrict this practice [1][5]. Group 1: Legal Proceedings - Google's lawyer stated that there is no evidence that Google has achieved monopoly power in the AI market, nor that Maps or YouTube are monopoly products [2]. - Judge Amit Mehta, who previously ruled that Google monopolized search and search advertising, is working on a remedy for the company's illegal conduct [2][3]. - The Justice Department has proposed that the same restrictions applied to Google's Search, Chrome, and Play should also apply to Gemini, which Google opposes [5]. Group 2: Market Position - YouTube has become the leading TV service for viewers of all ages, surpassing all of Walt Disney Co.'s TV networks and streaming services combined, and generating more advertising revenue than all four major broadcast networks combined [6]. - Google Maps dominates the digital mapping and navigation market, with over 2 billion monthly users globally, significantly outpacing Apple Maps, which had "hundreds of millions" of users in 2020 [7]. - Over 5 million other apps and websites utilize the Google Maps Platform for location services, indicating its extensive reach in the market [8]. Group 3: Competitive Practices - During the trial, it was revealed that Google employs an "all-or-nothing" bundling strategy for device manufacturers, requiring them to preload multiple Google apps to access the Play Store [4]. - Google's lawyer argued that the AI industry is still evolving and that Google should not be restricted from using similar bundling tactics as its competitors, such as Microsoft's CoPilot AI in Office software [9]. - Judge Mehta expressed concerns about allowing Google to leverage its market position by requiring device makers to adopt Gemini to access other popular services like YouTube and Maps [10].

格隆汇10月9日｜谷歌母公司Alphabet盘前涨近1%。消息面上，谷歌云推出AI平台Gemini企业版。 ...

Core Insights - The third quarter of 2025 was marked by strong performance in US equities, driven by optimism regarding the Federal Reserve's dovish stance and a boom in artificial intelligence [1] - Mar Vista U.S. Quality Premier Strategy reported a return of +6.41% net of fees, underperforming the Russell 1000 Index and S&P 500 Index, which returned +8.00% and +8.12% respectively [1] Company Performance - Alphabet Inc. (NASDAQ:GOOG) showed a one-month return of 1.94% and a significant 52-week gain of 50.42%, closing at $245.46 per share with a market capitalization of $2.963 trillion on October 08, 2025 [2] - In Q2 2025, Alphabet Inc. achieved revenue of $96.4 billion, reflecting a 14% increase compared to Q2 2024 [4] Investment Outlook - The investor focus on Alphabet Inc. is expected to shift back to its fundamentals, with anticipated low double-digit growth driven by its leadership in search, AI, cloud computing, and YouTube [3] - The company's competitive advantages, including its core search franchise and robust AI platform, position it well for sustained earnings per share (EPS) growth in the high teens to 20% range, justifying a 20x–25x earnings multiple [3] - Alphabet Inc. ranks 7th among the 30 Most Popular Stocks Among Hedge Funds, with 178 hedge fund portfolios holding its stock at the end of Q2 2025, up from 164 in the previous quarter [4]

Core Points - Google has been named the official cloud provider for the Los Angeles 2028 Olympic and Paralympic Games, marking a significant partnership with LA28 as a founding partner [1] Group 1 - The partnership will enhance the digital infrastructure for the Olympic Games, leveraging Google's cloud technology to support various operational needs [1] - This collaboration is expected to improve data management and analytics for the event, providing a more efficient experience for athletes and spectators [1] - The deal signifies Google's commitment to expanding its presence in the sports and entertainment sectors, aligning with its broader strategy to integrate cloud services across various industries [1]

Sundar Pichai, chief executive officer of Alphabet Inc., during the Bloomberg Tech conference in San Francisco, California, US, on Wednesday, June 4, 2025.Google is continuing to put restrictions on remote work, this time with a popular policy called "Work from Anywhere" that was established during the Covid pandemic.The policy has allowed employees to work from a location outside of their main office for up to four weeks per calendar year. According to internal documents viewed by CNBC, working remotely fo ...

Core Points - Alphabet announced a €5 billion ($5.8 billion) investment in cloud and artificial intelligence infrastructure in Belgium over the next two years [2] - The investment will include the expansion of data center campuses in Saint-Ghislain [2]

Core Insights - The Trade Desk (TTD) stock has declined 54.5% year to date, significantly underperforming the Zacks Internet Services industry's growth of 30.4% and the S&P 500's gain of 15% [1][8] - The stock is trading at a significant discount to its 52-week high of $141.53, closing at $53.49, which is closer to its 52-week low of $42.96 [4] - The decline is attributed to a cautious ad spending environment and macroeconomic uncertainties affecting advertising budgets [5][8] Price Performance - TTD's stock performance has lagged behind peers such as Amazon (AMZN), Magnite (MGNI), and PubMatic (PUBM), with AMZN and MGNI gaining 1.1% and 20% respectively, while PUBM is down 43.7% [1] - The stock's current valuation is considered stretched, with a forward 12-month price/sales ratio of 8.04X compared to the industry's 6.46X [12] Competitive Landscape - The competitive environment is intensifying, with major players like Google and Amazon dominating the space, leveraging their control over inventory and first-party user data [6] - Smaller competitors like Magnite and PubMatic are also expanding their presence in Connected TV (CTV) and retail media, increasing competition for ad dollars [6] Growth Drivers - Despite challenges, TTD has several growth drivers, including CTV, retail media, international expansion, and its Kokai AI platform [13][21] - CTV is highlighted as a fast-growing segment, with programmatic CTV delivering high returns on ad spend, supported by partnerships with major companies like Disney and Netflix [14][17] - The Kokai platform is gaining traction, with over 70% of clients using it, expected to enhance campaign precision and efficiency [18] Financial Outlook - For the third quarter of 2025, TTD anticipates revenues of at least $717 million, indicating a 14% year-over-year growth [20] - Total operating costs surged 17.8% year over year to $577.3 million, raising concerns about profitability if revenue growth does not keep pace [9] Strategic Initiatives - TTD is focusing on securing long-term partnerships with major advertisers and agencies, with nearly 100 joint business plans in the pipeline [15] - The company is also innovating with its UID2 initiative, an open-source alternative to third-party cookies, and the Audience Unlimited feature to enhance data accessibility for advertisers [19]

Core Viewpoint - HSBC initiated coverage on Alphabet Inc. with a Buy rating and a price target of $285.00, emphasizing confidence in the company's artificial intelligence strategy and diversified business model [1] Group 1: AI Ecosystem and Competitive Position - Alphabet's AI ecosystem, anchored by its Gemini model and custom chip development, positions the company strongly in the cloud and advertising sectors [2] - Google DeepMind is highlighted as a key advantage that underpins Alphabet's innovation [2] Group 2: Business Valuation and Market Share - Google Search and Google Cloud are identified as the company's two most valuable businesses, with expectations that AI Overviews and browser-based Gemini integrations will help maintain Google's approximately 90% share in the traditional search market [3] - HSBC projects that generative AI adoption will drive new customer acquisitions for Google Cloud and reinforce cloud lock-in effects [4] Group 3: Growth Prospects and Financial Metrics - YouTube is expected to benefit from continued growth in paid subscriptions and connected TV advertising [4] - The firm values Alphabet using a sum-of-the-parts approach, forecasting about 16% upside potential, with the stock's 22.6x FY26 GAAP P/E multiple justified by robust growth prospects in cloud and YouTube [4]

Core Viewpoint - A potential redesign of Gemini could enhance user engagement and act as a catalyst for Alphabet's stock performance [1] Group 1 - The redesign of Gemini is anticipated to increase user interaction, which is crucial for maintaining competitive advantage in the tech industry [1] - Alphabet's stock is already performing well, and the redesign could further amplify this positive trend [1]