Alphabet was reported to remain a top pick even after the Gemini agent announcement. BMO expressed a reassessment, while analyst views on other stocks were also reported in the market.
Alphabet remains at the center of market attention following the announcement of Gemini agents, and BMO Capital Markets reaffirmed the company’s advantage as a leader in enterprise AI. BMO believes Alphabet is well positioned to expand AI agents across the enterprise, taking into account integrations with Microsoft Office, Salesforce and ServiceNow.
In semiconductors, Citi downgraded NXP Semiconductors to Neutral and lowered its price target, citing the company’s data center exposure and fluctuations in demand in the automotive market. Analysts said a recovery in data center demand and the automotive market will be key to the earnings outlook going forward.
Following Marvell Technology Group’s analyst day, several firms raised their ratings and price targets after the company upgraded its long-term revenue outlook. The company’s focus on its connectivity business was viewed positively, and targets including the projected market size in 2030 were presented.
Truist initiated coverage of International Business Machines with a Hold rating and reportedly took a cautious view of near-term execution. The timing of and recovery in demand for helping clients adopt AI are expected to be key areas of focus going forward.