- Google unveils Ironwood, a new AI-focused chip, enhancing performance with up to 9,216 chips in its configuration.
- Analysts predict a significant upside for Alphabet Inc (GOOGL, Financial) stock, with a potential rise of over 46%.
- GuruFocus estimates suggest Alphabet's fair value presents a notable investment opportunity at current prices.
Google (GOOGL) has set a new benchmark in AI technology with the launch of its state-of-the-art tensor processing unit, Ironwood. This chip is purpose-built for advanced AI inference tasks and offers configurations that house up to 9,216 chips. Ironwood markedly outperforms its predecessor, Trillium, by providing double the efficiency and a six-fold increase in memory capacity.
Wall Street Analysts Forecast
Wall Street remains optimistic about Alphabet Inc (GOOGL, Financial), reflecting in the one-year price targets proposed by 50 analysts. The average target price stands at $211.57, with an anticipated high of $240.00 and a conservative low of $167.00. This average target suggests a potential upside of 46.21% from the current trading price of $144.70. For more in-depth analysis, visit the Alphabet Inc (GOOGL) Forecast page.
The consensus recommendation aggregated from 57 brokerage firms positions Alphabet Inc's (GOOGL, Financial) average brokerage recommendation at 2.0, signifying an "Outperform" rating. This rating uses a scale from 1 to 5, where 1 represents a Strong Buy and 5 indicates a Sell.
According to GuruFocus estimates, the projected GF Value of Alphabet Inc (GOOGL, Financial) in one year is $195.95. This suggests a compelling upside of 35.42% based on the current price of $144.7. The GF Value is GuruFocus' assessment of the stock's fair trading value, derived from its historical trading multiples, past business growth, and future business performance estimates. For a more detailed evaluation, visit the Alphabet Inc (GOOGL) Summary page.
