Alphabet (GOOGL), Meta Platforms (META) and Amazon (AMZN) are each shelling out hundreds of billions to establish themselves as AI winners. ***** ysts at Wedbush Securities say Google and Amazon stocks are better picks in that race than Meta.
Wedbush ***** yst Ygal Arounian ***** umed coverage of the three internet-focused cloud hyperscalers with a new research note for clients Thursday. Google and Amazon were started at outperform ratings, while Meta got a neutral grade.
For Alphabet, the outperform call reflects "our view that Google has built the best-positioned full-stack AI franchise in our coverage," the Wedbush note said. Google was Wedbush's top mega-capitalization pick.
Arounian pointed to Google's wide distribution through its search, Android and YouTube products. That distribution is paired with Google's custom Gemini AI model and a full cloud infrastructure business with custom processors.
"Alphabet has become the clear leader in our view within the AI race offering a full-stack monetization opportunity around its AI spend," Arounian wrote.
Wedbush ***** yst Ygal Arounian ***** umed coverage of the three internet-focused cloud hyperscalers with a new research note for clients Thursday. Google and Amazon were started at outperform ratings, while Meta got a neutral grade.
For Alphabet, the outperform call reflects "our view that Google has built the best-positioned full-stack AI franchise in our coverage," the Wedbush note said. Google was Wedbush's top mega-capitalization pick.
Arounian pointed to Google's wide distribution through its search, Android and YouTube products. That distribution is paired with Google's custom Gemini AI model and a full cloud infrastructure business with custom processors.
"Alphabet has become the clear leader in our view within the AI race offering a full-stack monetization opportunity around its AI spend," Arounian wrote.
2 months ago
