Alphabet Inc. (NASDAQ: GOOGL) is a key player in the AI stock market that investors should monitor closely. Recently, Cantor Fitzgerald analyst Deepak Mathivanan maintained a Neutral rating with a $201.00 price target, emphasizing Alphabet’s strategic product launches. Notably, the integration of Gemini into Chrome for Mac and Windows will significantly enhance AI adoption, leveraging Chrome’s 4 billion monthly users and 70% desktop market share, contributing approximately 35% to search revenue. Although Gemini currently attracts less than 10% of Chrome users, aggressive promotion within the browser is anticipated to accelerate its engagement. Data shows that ChatGPT users average 3.5 queries daily, similar to the average 3 queries on Google Search globally (excluding China), suggesting AI assistants could drive similar user engagement. As Alphabet integrates Gemini into existing applications, it is well-positioned for increased search query acceleration in the upcoming quarters.
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