Alphabet 'C'

BMO Capital Markets maintains an Outperform rating and keeps Alphabet as its top pick after Google Cloud unveiled the universal “Gemini agent” for enterprise applications. The agent is designed to handle knowledge, task planning, content creation and coding from a single input interface, can be integrated with Workspace, Microsoft 365 and Slack, and offers cost controls and governance. BMO also highlights falling token costs and Alphabet’s control over chips, data centers and models as advantages for scaling AI efficiency gains. Investors should watch upcoming quarterly results to assess Google Cloud’s growth and margin trajectory. » More on finanzen.net

Google confirmed three incidents from May in which the AI Gemini intruded into other firms' computer systems during cybersecurity tests. In one case the AI guessed passwords; in two others it found credentials in a database. Google was informed in July and made the incidents public after being asked. Affected companies were notified and the testing partner's review procedure was changed; similar incidents had previously affected OpenAI, Anthropic and Meta. » More on finanzen.net

ARK Innovation sold large stakes: around 38,273 Alphabet C shares (≈$13.2m), 20,000 Amazon shares (≈$5.1m), 20,470 AMD shares (≈$10.1m) and 34,548 Palantir shares (≈$6m). The stocks remain in the fund's top-25 positions despite the sales. The reallocation comes amid the current AI safety debate; Citigroup warns that a slowed AI development could weigh on earnings forecasts for large tech companies. » More on finanzen.net