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2025-12-12 19:29:05
[Giants Defy Trend and Bet on Google! JPMorgan Chase Heavy Bets on Google, Revealing the "Golden" Logic of the AI Sector] ⑴ JPMorgan Chase released a research report raising its target price for Alphabet (Google) from $340 to $385, explicitly listing it as its top investment pick for 2026. ⑵ The bank's core logic for being bullish on Google lies in its belief that Google possesses leadership in artificial intelligence, a superior technology stack, data advantages, and a globally distributed network. These factors will collectively drive accelerated growth and stable profit margins for the company. ⑶ The report specifically points out that as artificial intelligence drives higher returns on investment and television advertising budgets continue to shift online, Google's core businesses—search and YouTube advertising—will have healthy long-term growth potential. ⑷ Regarding cloud computing, JPMorgan Chase believes that strong demand driven by artificial intelligence will accelerate the growth of Google Cloud, with a growth rate expected to reach over 40%. ⑸ The report also mentions that the rapid expansion of Waymo, Google's self-driving car company, proves that the company possesses strong innovation and execution capabilities beyond its core search and cloud businesses. (6) Market consensus remains positive. According to institutional data, 56 out of 65 brokerages covering the stock have given it a "buy" rating or higher, with a median target price of $322.50. JPMorgan Chase's view is significantly higher than the general market expectation.
