Thoughts on $GOOG and AI Integration Momentum
Watching $GOOG's performance today, holding above the $350 mark with a high of $359.49, makes me consider its trajectory into year-end. My gut feeling is we'll see $GOOG challenge the $370-$375 range by month-end, especially if we get any more positive news on their AI integration progress or new product announcements. There's a strong narrative building around generative AI impacting enterprise solutions, and Google Cloud is positioned well to capitalize. I'd put the probability of hitting that range at about 60-65%, contingent on broader market sentiment remaining stable and no major regulatory headwinds. The recent strength, even on days like today when $CADJPY is up to 115.492 and $USDCAD holds steady at 1.40703, suggests a degree of conviction in the large-cap tech space that benefits from AI tailwinds, regardless of minor currency fluctuations.
I'm with you on the AI integration. It seems like the market is really starting to price that in, but do you think a lot of the 'new product' upside is already baked into that $370-$375 target, or is there still more room if something big drops?