Alphabet is dramatically increasing its AI infrastructure spending to $93 billion after reporting record $102 billion quarterly revenue. The company’s massive cloud backlog suggests the AI investment race is just beginning.
JPMorgan has reportedly downgraded Goldman Sachs to neutral, citing its stock trading at fair value. Analysts suggest European investment banks present more attractive opportunities due to significantly cheaper price-to-book ratios.
JPMorgan has reportedly shifted its position on Goldman Sachs shares, according to recent analyst reports. Sources indicate that analyst Kian Abouhossein downgraded the investment bank from overweight to neutral, while simultaneously raising the price target to $750 per share from $625. This adjustment suggests approximately 2% downside from Monday’s closing price of $763.32, the report states.
The Subscription Plateau: ChatGPT’s European Stagnation While OpenAI CEO Sam Altman recently celebrated ChatGPT’s impressive 800 million weekly users, a…
European luxury stocks are experiencing a significant resurgence this week, with major investment banks upgrading their outlooks and price targets…
