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Scotiabank analyst Nat Schindler initiated coverage on Alphabet Inc. (NASDAQ:GOOG) with a Sector Outperform rating (Buy) and a price target of $212. The analyst says that Google is poised to benefit from AI investments, with monetizable corporate products in its Google Cloud Platform (GCP) and enhanced ad revenue opportunities through Search and YouTube. Notably, Google is primed to lead the AI wave, leveraging its unmatched data and computing power, adds the analyst. The analyst writes that while ChatGPT grabbed attention, Google has been advancing AI for decades. Tools like Gemini and Bard are just the latest user-friendly interfaces for ...


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