ES (S&P 500) S&P 500 correction is over. We not only managed to make ...
So-so news was contained in the quarterly report of Alphabet, which owns Google, the world’s largest search engine. The company was not included in the forecasts for the main financial indicators. But maybe it’s not so bad?
According to the results of the IV quarter of 2022 , Alphabet demonstrated the following indicators:
For the whole of 2022:
The company did not focus on the current statistics and immediately turned the conversation during the presentation to artificial intelligence. Alphabet is preparing some kind of breakthrough in the direction of AI – this is probably due to the recent great success of ChatGBP. Thus, Google dismisses suspicions that its century is passing away. Let’s look at the details when the company presents its development. It should be submitted within a few weeks. It is known that this will be a chatbot based on LaMDA neural networks.
Those of the technology companies that will quickly introduce and implement AI-based developments, and will be at the forefront of growth.
Let’s go back to reporting. The data is not the most impressive, but the period is far from productive. We can say that Alphabet has remained “at its own” and, with the improvement of the market situation, will regain a confident market position.
The consensus forecast for Alphabet securities in the future of the year suggests an increase to $124.
On the daily chart, the MACD indicator is growing in a positive area and signals a purchase. The Stochastic oscillator stays in the overbought zone and keeps the buy signal in force.