In a notable move within the tech industry, Alphabet (GOOGL) and Nvidia (NVDA), alongside venture capitalists, have invested in the burgeoning AI startup, Safe Superintelligence (SSI). The startup, co-founded by Ilya Sutskever, previously a chief scientist at OpenAI, has rapidly positioned itself as one of the most valuable AI startups since its inception, according to sources close to the company.
SSI's swift ascent in the AI sector underscores its promising potential and innovative edge, which has attracted the backing of these tech giants. This strategic investment further signals the growing interest and competition in AI advancements, highlighting the significance of SSI's technology within the industry.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 17 analysts, the average target price for Alphabet Inc (GOOG, Financial) is $207.59 with a high estimate of $234.00 and a low estimate of $173.00. The average target implies an upside of 30.23% from the current price of $159.40. More detailed estimate data can be found on the Alphabet Inc (GOOG) Forecast page.
Based on the consensus recommendation from 22 brokerage firms, Alphabet Inc's (GOOG, Financial) average brokerage recommendation is currently 1.8, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Alphabet Inc (GOOG, Financial) in one year is $197.80, suggesting a upside of 24.09% from the current price of $159.4. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Alphabet Inc (GOOG) Summary page.
