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Google AI Growth Outlook
Description
BNP Paribas analyst Nick Jones said Google is strengthening its agentic AI position through a vertically integrated cloud strategy combining its own chips with third-party GPUs. BNP Paribas set a $390 price target, implying ~15% upside from $339.30. Jones said the shift from proof-of-concept to scalable AI agents could drive higher enterprise cloud spending. Alphabet shares were up 0.06% at $339.10 in premarket trading.
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