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Posted by
Two Blokes Jul 28 -
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Goldman Sachs Group Inc (NYSE:GS, ETR:GOS) expects Alphabet Inc (NASDAQ:GOOG)'s accelerating investment in artificial intelligence to power long-term growth across its core businesses, raising its price target on the Google parent to $234 from $225 following a strong second-quarter earnings report. The bank said Alphabet's latest results demonstrated continued strength in its Search, YouTube, and Cloud segments, but emphasized that the company's evolving AI strategy will be the main driver of value going forward.
