Advertisers launched a mass arbitration proceeding against Alphabet's Google to seek billions of dollars in damages. The claims follow 2024 court rulings that designated Google’s search and advertising technology businesses as illegal monopolies. Google confirmed it will defend itself against this new legal front.
Citi analysts issued a 90-day catalyst watch on Alphabet stock and raised the price target to $405. This outlook anticipates strong first-quarter results driven by online advertising and Google Cloud growth. Integration of the Gemini AI model continues to accelerate demand for cloud services.
Google also expanded its AI integration strategy by launching an AI-powered version of Google Finance globally.