Alphabet 's cloud event Tuesday could provide a much needed sentiment lift to investors fretting about the search giant's artificial intelligence potential, according to some Wall Street analysts.
"With unique AI assets, including proprietary infrastructure and an advanced LLM model, we believe Google cloud has an opportunity to differentiate its cloud offering, improving market share and street sentiment," wrote Bank of America's Justin Post.
This week's event, however, could mark a turnaround in the right direction and help lift sentiment toward the company's AI developments.
Morgan Stanley's Brian Nowak also highlighted the event as one of five potential catalysts for the stock through the beginning of June.
The firm is on the lookout for more examples of how the cloud is benefitting from the AI transformation, he said.
Persons:
of America's Justin Post, Post, Morgan Stanley's Brian Nowak, Nowak
Organizations:
of America's, Nvidia, Microsoft, Wall, Rivals, Google
Locations:
U.S, Monday's, durably