China Merchants Securities raised its target price for Alphabet, Google's parent company, citing its strong performance in monetizing its AI and cloud...

Mars Finance reports that China Merchants Securities International issued a research report stating that Alphabet's Google Cloud recently secured an AI cloud contract from NATO, providing a dedicated secure cloud system to ensure sensitive data is only accessible within its borders. The report also indicates that Google will utilize AI to assist NATO in data analysis and improve operational efficiency. Additionally, reports suggest that Google is vying for a multi-billion dollar TPU order from Meta. These latest developments demonstrate Google's commitment to capturing market opportunities, suggesting its AI leadership is solid and investor concerns about competition may subside. The report continues to believe that tech giants like Google are well-positioned for sustainable AI development and anticipates seeing Google expand beyond search advertising, potentially unlocking significant unrealized valuation potential in cloud computing, autonomous driving, and AI+SaaS. The report reiterates its "Buy" rating on Alphabet and raises its target price from $360 to $390. (Jinshi)