Alphabet’s $415 Target; AMD Eyes AI Billions 02/20/26
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Alphabet’s $415 Target; AMD Eyes AI Billions 02/20/26
Key Stories:
- Kicking off our market update, let’s talk about Alphabet, the tech giant behind Google and YouTube. Canaccord Genuity recently boosted its price target on Alphabet’s shares, moving it up to $415 from $390 on February 5th. They maintained a Buy rating, following the company’s strong fourth-quarter results. Alphabet reported total revenue that actually came in about 2% higher than what analysts were expecting, driven in part by surging adoption of its AI model, Gemini. This positive outlook underscores Alphabet’s continued strength in the digital advertising and cloud spaces, with its AI advancements clearly catching the eye of analysts. Investors will be watching how Gemini’s integration further impacts future revenue streams and market positioning. Read more
- Shifting our focus to another key player in the artificial intelligence arena, we have Advanced Micro Devices, or AMD. Benchmark analysts have reaffirmed their Buy rating and a $325 price target for the semiconductor design powerhouse, citing AMD’s rapidly growing prominence in the AI industry. Analyst Cody Acree expressed significant optimism on February 4th, pointing to AMD’s strong record results and attractive outlook. He projects AMD could generate tens of billions of dollars in AI-related revenue by 2027, highlighting the company’s potential to be a dominant force in the high-growth AI chip market. This reinforces the narrative that the demand for specialized AI hardware is a massive tailwind for chipmakers like AMD. Read more
Keywords: AI, AI industry, AI revenue, AMD, Advanced Micro Devices, Alphabet, Benchmark, Buy rating, Canaccord Genuity, GOOGL, Gemini, Google, Q4 results, chipmakers, price target, revenue beat, semiconductor, tech stocks