"Alphabet ( NASDAQ:GOOGL) stock was the biggest Mag Seven winner last year, thanks in part to its big lead in AI. Though the new year is less than a month old, shares of Alphabet have shown no signs of slowing down, now up just shy of 6% year to date. As the company continues investing heavily in TPUs to secure its leadership on the AI chip side,"
"Perhaps the biggest win of the year came when Apple ( NASDAQ:AAPL) chose Google Gemini to power its long-overdue Siri overhaul. Whether or not Apple will demo the product before the update goes live remains to be seen. Either way, a win for the Gemini-powered Siri might be an even bigger deal for Google than Apple, given Apple only seems to want the very best for its customers, even if that means teaming up with another firm."
"Nowadays, Google Search is actually being viewed as a source of a moat for Gemini. The model's closeness to Google Search has allowed it to obtain fresh facts, and with other apps (think Gmail, Photos, and YouTube) considered, Google might also have the edge over its AI rivals when it comes to personalization."
Alphabet led the Mag Seven last year fueled by its AI advantage and investments in TPUs. Shares are up nearly 6% year to date and trade near multi-year highs around 33 times trailing P/E. Gemini's integration with Google Search and other services enables access to fresh facts and potential personalization advantages across Gmail, Photos, and YouTube. Apple selected Google Gemini to power a Siri overhaul, potentially amplifying deployment and reach. Additional catalysts include investments like the partnership with Japanese startup Sakana, the Waymo robotaxi opportunity, and targeted strategic acquisitions.
Read at 24/7 Wall St.
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