Analysts reacted positively to Alphabet's AI-related announcement at a developer conference. Meanwhile, JPMorgan upgraded Nio to neutral from underweight. Check out the latest calls and chatter below. All times ET. 5:44 a.m.
"Relative to OpenAI's limited product demo the day before, we believe GOOG demonstrated its strong competitive position, driven by an essentially unlimited R & D budget, access to the largest user & data library, and 10 years of machine learning focus," said Helfstein, who reiterated his outperform rating. Brent Thill of Jefferies also noted the company delivered "some gems" at the event.
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