Joining us now with more, Michael Nathansson, founding partner, senior research analyst at Moffett Nathansson. Michael, thank you very much for joining us. You have argued, I believe, on this very program and in your research, that Alphabet should be the most valuable company in the world.Why. >> Thanks for having me. It's an AI winner, right.I think what people are starting to wake up to is that their infrastructure advantage lets them invest in AI more efficiently than almost any other company. Right, Bri ...

Cloudflare CEO Matthew Prince is urging regulators to rein in Google’s AI practices, arguing the tech giant’s dominance in search gives it an unfair edge in the AI race. https://t.co/uxUfwQUexV ...

AI Integration in Chrome - Google is rolling out its Gemini Assistant to all Chrome users in the US on Mac, Windows, and mobile devices [1] - Gemini will help users work seamlessly across tabs and apps, accessing YouTube, Maps, and Calendar without leaving the current page [1] - Agentic capabilities, such as scheduling meetings or ordering groceries, will be introduced in the coming months [1][2] Competitive Landscape - Startups like OpenAI and Perplexity are challenging Google's search monopoly [3] - Browsers have become the front line in the battle for AI dominance [2] Strategic Focus - Google intends to keep Chrome and its search business at the center of how billions of people access the internet [3] - Gemini will be available to businesses in the coming weeks via Google Workspace with enterprise-grade data protections [2]

Google's Stock Performance & Valuation - Alphabet's stock experienced a significant rise, up 39.12% since May 7th, following a favorable court ruling [1] - The stock is considered undervalued with a forward PE of approximately 22, lower than other Mag 7 companies like Amazon (32+ times) and Microsoft (32+ times) [4][6] - Analysts anticipate further upside potential, suggesting the company's market capitalization could exceed $3 trillion [8] - Nine target hikes were observed following the positive news [6] Impact of Antitrust Ruling - The court ruling removes a significant regulatory overhang, allowing Google to invest more freely in AI and other ventures [8][10] - The ruling is seen as a "clearing event" benefiting the entire AI sector by enabling Google to actively compete and spend [10] - The decision allows Google to potentially raise prices on services like Gmail without the same level of antitrust scrutiny [15] AI & Competition - Google is positioned as an AI beneficiary, with decades of experience and viable products, despite existing competition [4][5] - The ruling allows Google to defend against potential market share loss in search due to emerging AI technologies [12] - The valuation of Google's AI ventures, such as Gemini and Google Cloud, could increase significantly, potentially mirroring the growth of OpenAI's valuation to over $500 billion [9] Market Dynamics & Comparisons - Meta (Facebook) is presented as a comparable stock, with potential for multiple expansion and earnings growth similar to what Google may experience [19][20][22] - Rising long-term yields in the broader market may pressure long-duration stocks, including mega-cap tech companies [24][25]

Legal & Regulatory - A judge ruled Alphabet (Google's parent company) doesn't have to sell its Chrome browser [1] - The ruling addresses allegations that Google held an illegal monopoly in search [1] Market Reaction - Alphabet's shares experienced a pop in after-hours trading following the ruling [1]

Regulatory Action - Google will not be forced to break up its search business [1] - A federal judge has tentatively ordered other changes to the tech giant's business [1]

AI Strategy & Impact - Google is prioritizing AI by prominently featuring its AI mode tool, impacting billions of users [1] - AI mode replaces traditional search results with Gemini-generated summaries, disrupting the link economy for publishers, retailers, and advertisers [2] - This shift creates opportunities for companies like Cloudflare, which is blocking AI scrapers and seeking payment for content access [3][4] Market & Competitive Landscape - Cloudflare's stock is up over 70% this year, while Google's has declined by 6%, indicating a shift in the market [5] - Google's AI mode is a strategy to maintain its dominance, but its traditional foundations are changing, creating opportunities for competitors [5] Monetization & Future Challenges - Google's monetization strategy is being challenged as it disrupts its own search business with AI mode [4] - Publishers are fighting back against AI disruption through lawsuits and by requiring permission and payment for content access by chatbots [4]

Industry Trend - AI is impacting search traffic, potentially reducing revenue for publishers [1] Google's Response - Google launched Offerwall to help publishers increase revenue [1]

RT Robby Stein (@rmstein)AI Mode is coming to India – our first international expansion! Labs users in India can now start testing our most powerful AI search, designed to help with your toughest questions. Exciting times ahead for Search … stay tuned for more this summer. ...

Company Restructuring - Google is offering buyouts to employees across multiple divisions [1] - The buyouts include employees within its search division [1]