Spot on article and analyst re

Spot on article and analyst review. Let's not forget their core business which is still selling ads and Google is doing an amazing job there with their AI approach.

It doesn't need to compete with OpenAI/Anthropic or Chinese models for AI leadership at all.

Google is Playing a Different AI Game than Everyone Else, and Wall Street May be Missing the Point

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Let's not forget their core business which is still selling ads and Google is doing an amazing job there with their AI approach.</p>\n<p>It doesn't need to compete with OpenAI/Anthropic or Chinese models for AI leadership at all.</p></body></html>","htmlText":"<html><head></head><body><p>Spot on article and analyst review. Let's not forget their core business which is still selling ads and Google is doing an amazing job there with their AI approach.</p>\n<p>It doesn't need to compete with OpenAI/Anthropic or Chinese models for AI leadership at all.</p></body></html>","text":"Spot on article and analyst review. Let's not forget their core business which is still selling ads and Google is doing an amazing job there with their AI approach. It doesn't need to compete with OpenAI/Anthropic or Chinese models for AI leadership at all.","highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"favoriteSize":0,"link":"https://ttm.financial/post/609074287440520","repostId":2668938508,"repostType":2,"repost":{"id":"2668938508","kind":"highlight","weMediaInfo":{"introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"media_name":"Dow Jones","id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"pubTimestamp":1789615185,"share":"https://ttm.financial/m/news/2668938508?lang=en_US&edition=fundamental","pubTime":"2026-09-17 11:19","market":"fut","language":"en","title":"Google is Playing a Different AI Game than Everyone Else, and Wall Street May be Missing the Point","url":"https://stock-news.laohu8.com/highlight/detail?id=2668938508","media":"Dow Jones","summary":"Investors have been fixated on the relative performance of Alphabet's AI models when they should instead be cheering the company's cloud potential, an analyst saysMoffettNathanson projects Google Clou","content":"<html><head></head><body><p style=\"text-align: left;\">Investors have been fixated on the relative performance of Alphabet&#39;s AI models when they should instead be cheering the company&#39;s cloud potential, an analyst says</p><p style=\"text-align: left;\">MoffettNathanson projects Google Cloud revenue could grow at a 48% compound annual growth rate through 2030.</p><p style=\"text-align: left;\">Shares of Alphabet have fallen 15% off their May highs as the company&#39;s artificial-intelligence capabilities come under scrutiny. Yet the fixation on AI leaderboards may be missing the point, according to MoffettNathanson analyst Michael Nathanson.</p><p style=\"text-align: left;\">High-profile departures from the company&#39;s Google DeepMind lab, combined with a delayed Gemini 3.5 Pro model, have led many to wonder if Alphabet (GOOGL) (GOOG) is losing its cutting-edge AI capabilities. Nathanson, though, believes that Alphabet is playing a different game than competitors like OpenAI and Anthropic.</p><p style=\"text-align: left;\">That&#39;s because Alphabet&#39;s large cloud-computing business may hold the key its success in the AI era, rather than whether or not the company has the most high-performance AI model, Nathanson wrote in a Wednesday note.</p><p style=\"text-align: left;\">&#34;We do not dispute the gaps on several benchmarks,&#34; Nathanson said of Gemini&#39;s performance. &#34;Instead, we disagree with the conclusion that this is necessarily bearish for Alphabet.&#34;</p><p style=\"text-align: left;\">Alphabet is instead choosing to funnel resources to its Google Cloud business, which Nathanson believes is a more profitable strategy than &#34;chasing frontier leadership at any cost.&#34;</p><p style=\"text-align: left;\">Alphabet is uniquely positioned across the entire AI tech stack, spanning from its custom chips to distribution surfaces like YouTube and Android. Maintaining its full-stack capabilities is a better use of money than making Gemini a frontier model, Nathanson wrote.</p><p style=\"text-align: left;\">On the latest earnings call, Alphabet shared that over half of the company&#39;s machine-learning computing power is expected to go to the cloud business in 2026, and Nathanson expects that percentage to only grow from here.</p><p style=\"text-align: left;\">That&#39;s not to say that Google will forgo its Gemini ambitions. Alphabet&#39;s best strategy is to keep Gemini &#34;good enough to remain at or near the frontier&#34; while investing more into Google Cloud, he added. While the latest Gemini Pro model remains delayed, Google has been releasing more cost-efficient Flash models.</p><p style=\"text-align: left;\">MoffettNathanson projects Google Cloud revenue will surge to $415 billion by 2030, representing a 48% compound annual growth rate.</p><p style=\"text-align: left;\">It&#39;s unclear if the AI business model will result in a single provider dominating the market, or if there will be room for multiple winners. But for Alphabet, prioritizing the cloud business appears to be the &#34;best overall probability-weighted opportunity to win,&#34; according to Nathanson.</p><p style=\"text-align: left;\">A world with multiple AI winners would be most favorable to Alphabet, as it would result in high demand for its various infrastructure and enterprise offerings.</p><p style=\"text-align: left;\">&#34;Model leadership is increasingly expensive to maintain and...increasingly short-lived,&#34; Nathanson said. Meanwhile, Alphabet&#39;s cloud capacity can be monetized regardless if the winning model is Gemini or another one. According to MoffettNathanson&#39;s projections, Anthropic alone could account for 20% of cloud revenue in 2028.</p><p style=\"text-align: left;\">&#34;The objective should be to maximize returns on AI investment, not simply time spent at the top of the leaderboard,&#34; Nathanson said.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Google is Playing a Different AI Game than Everyone Else, and Wall Street May be Missing the Point</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nGoogle is Playing a Different AI Game than Everyone Else, and Wall Street May be Missing the Point\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2026-09-17 11:19</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p style=\"text-align: left;\">Investors have been fixated on the relative performance of Alphabet&#39;s AI models when they should instead be cheering the company&#39;s cloud potential, an analyst says</p><p style=\"text-align: left;\">MoffettNathanson projects Google Cloud revenue could grow at a 48% compound annual growth rate through 2030.</p><p style=\"text-align: left;\">Shares of Alphabet have fallen 15% off their May highs as the company&#39;s artificial-intelligence capabilities come under scrutiny. Yet the fixation on AI leaderboards may be missing the point, according to MoffettNathanson analyst Michael Nathanson.</p><p style=\"text-align: left;\">High-profile departures from the company&#39;s Google DeepMind lab, combined with a delayed Gemini 3.5 Pro model, have led many to wonder if Alphabet (GOOGL) (GOOG) is losing its cutting-edge AI capabilities. Nathanson, though, believes that Alphabet is playing a different game than competitors like OpenAI and Anthropic.</p><p style=\"text-align: left;\">That&#39;s because Alphabet&#39;s large cloud-computing business may hold the key its success in the AI era, rather than whether or not the company has the most high-performance AI model, Nathanson wrote in a Wednesday note.</p><p style=\"text-align: left;\">&#34;We do not dispute the gaps on several benchmarks,&#34; Nathanson said of Gemini&#39;s performance. &#34;Instead, we disagree with the conclusion that this is necessarily bearish for Alphabet.&#34;</p><p style=\"text-align: left;\">Alphabet is instead choosing to funnel resources to its Google Cloud business, which Nathanson believes is a more profitable strategy than &#34;chasing frontier leadership at any cost.&#34;</p><p style=\"text-align: left;\">Alphabet is uniquely positioned across the entire AI tech stack, spanning from its custom chips to distribution surfaces like YouTube and Android. Maintaining its full-stack capabilities is a better use of money than making Gemini a frontier model, Nathanson wrote.</p><p style=\"text-align: left;\">On the latest earnings call, Alphabet shared that over half of the company&#39;s machine-learning computing power is expected to go to the cloud business in 2026, and Nathanson expects that percentage to only grow from here.</p><p style=\"text-align: left;\">That&#39;s not to say that Google will forgo its Gemini ambitions. Alphabet&#39;s best strategy is to keep Gemini &#34;good enough to remain at or near the frontier&#34; while investing more into Google Cloud, he added. While the latest Gemini Pro model remains delayed, Google has been releasing more cost-efficient Flash models.</p><p style=\"text-align: left;\">MoffettNathanson projects Google Cloud revenue will surge to $415 billion by 2030, representing a 48% compound annual growth rate.</p><p style=\"text-align: left;\">It&#39;s unclear if the AI business model will result in a single provider dominating the market, or if there will be room for multiple winners. But for Alphabet, prioritizing the cloud business appears to be the &#34;best overall probability-weighted opportunity to win,&#34; according to Nathanson.</p><p style=\"text-align: left;\">A world with multiple AI winners would be most favorable to Alphabet, as it would result in high demand for its various infrastructure and enterprise offerings.</p><p style=\"text-align: left;\">&#34;Model leadership is increasingly expensive to maintain and...increasingly short-lived,&#34; Nathanson said. Meanwhile, Alphabet&#39;s cloud capacity can be monetized regardless if the winning model is Gemini or another one. According to MoffettNathanson&#39;s projections, Anthropic alone could account for 20% of cloud revenue in 2028.</p><p style=\"text-align: left;\">&#34;The objective should be to maximize returns on AI investment, not simply time spent at the top of the leaderboard,&#34; Nathanson said.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LU0795875169.SGD":"JPMorgan Investment Funds - Global Income A (div) SGD-H","LU1430594728.SGD":"Eastspring Investments - Global Low Volatility Equity AS SGD","BK4550":"红杉资本持仓","LU1003077747.HKD":"BGF GLOBAL EQUITY INCOME \"A6\" (HKDHDG) INC","IE000WAW04H5.SGD":"RQI GLOBAL \"I\" (SGD) INC A","BK4598":"佩洛西持仓","IE000SO60NU8.SGD":"RQI GLOBAL \"I\" (SGDHDG) ACC A","LU0265550946.USD":"BGF SYSTEMATIC GLOBAL ENHANCED EQUITY YIELD \"A5\" (USD) INC","LU1645745479.HKD":"ALLIANZ EUROPE INCOME AND GROWTH \"AM\" (HKDHDG) INC","LU1066051811.HKD":"HSBC GIF GLOBAL EQUITY VOLATILITY FOCUSED \"AM2\" (HKD) INC","IE00BK4W5L77.USD":"HSBC GLOBAL FUNDS ICAV US EQUITY INDEX \"HC\" (USD) ACC","LU1400636491.USD":"Allianz Europe Income and Growth Cl AMg DIS H2-USD","IE00BK4W5M84.HKD":"HSBC GLOBAL FUNDS ICAV US EQUITY INDEX \"HC\" (HKD) ACC","LU2462157665.USD":"ALLIANZ GLOBAL INCOME \"A\" (USD) INC","LU0107464264.USD":"abrdn SICAV I - 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RISK PARITY FACTOR \"A\" (USD) ACC","LU0345768740.USD":"NINETY ONE GSF GLOBAL STRATEGIC MANAGED \"A\" (USD) INC","LU0211327993.USD":"TEMPLETON GLOBAL EQUITY INCOME \"A\" (USD) ACC","LU0320765489.SGD":"FTIF - Franklin Mutual US Value A Acc SGD"},"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2668938508","content_text":"Investors have been fixated on the relative performance of Alphabet's AI models when they should instead be cheering the company's cloud potential, an analyst saysMoffettNathanson projects Google Cloud revenue could grow at a 48% compound annual growth rate through 2030.Shares of Alphabet have fallen 15% off their May highs as the company's artificial-intelligence capabilities come under scrutiny. Yet the fixation on AI leaderboards may be missing the point, according to MoffettNathanson analyst Michael Nathanson.High-profile departures from the company's Google DeepMind lab, combined with a delayed Gemini 3.5 Pro model, have led many to wonder if Alphabet (GOOGL) (GOOG) is losing its cutting-edge AI capabilities. Nathanson, though, believes that Alphabet is playing a different game than competitors like OpenAI and Anthropic.That's because Alphabet's large cloud-computing business may hold the key its success in the AI era, rather than whether or not the company has the most high-performance AI model, Nathanson wrote in a Wednesday note.\"We do not dispute the gaps on several benchmarks,\" Nathanson said of Gemini's performance. \"Instead, we disagree with the conclusion that this is necessarily bearish for Alphabet.\"Alphabet is instead choosing to funnel resources to its Google Cloud business, which Nathanson believes is a more profitable strategy than \"chasing frontier leadership at any cost.\"Alphabet is uniquely positioned across the entire AI tech stack, spanning from its custom chips to distribution surfaces like YouTube and Android. Maintaining its full-stack capabilities is a better use of money than making Gemini a frontier model, Nathanson wrote.On the latest earnings call, Alphabet shared that over half of the company's machine-learning computing power is expected to go to the cloud business in 2026, and Nathanson expects that percentage to only grow from here.That's not to say that Google will forgo its Gemini ambitions. Alphabet's best strategy is to keep Gemini \"good enough to remain at or near the frontier\" while investing more into Google Cloud, he added. While the latest Gemini Pro model remains delayed, Google has been releasing more cost-efficient Flash models.MoffettNathanson projects Google Cloud revenue will surge to $415 billion by 2030, representing a 48% compound annual growth rate.It's unclear if the AI business model will result in a single provider dominating the market, or if there will be room for multiple winners. But for Alphabet, prioritizing the cloud business appears to be the \"best overall probability-weighted opportunity to win,\" according to Nathanson.A world with multiple AI winners would be most favorable to Alphabet, as it would result in high demand for its various infrastructure and enterprise offerings.\"Model leadership is increasingly expensive to maintain and...increasingly short-lived,\" Nathanson said. Meanwhile, Alphabet's cloud capacity can be monetized regardless if the winning model is Gemini or another one. According to MoffettNathanson's projections, Anthropic alone could account for 20% of cloud revenue in 2028.\"The objective should be to maximize returns on AI investment, not simply time spent at the top of the leaderboard,\" Nathanson said.","news_type":1,"symbols_score_info":{"LTL":0.6,"TRUC":0.6,"ILDR":0.6,"GOOX":0.6,"XLC":0.6,"GOOP":0.6,"CMAG":0.6,"GXPC":0.6,"GGLL":0.6,"METV":0.6,"GOGL":0.6,"GOOY":0.6,"GOOG":2,"FCOM":0.6,"EFIV":0.6,"GOOGL":1.98,"SKYY":0.6,"XDAT":0.6,"SNPE":0.6,"GOOW":0.6,"GGLS":0.6,"GOU":0.6,"GOOL":0.6,"OGIG":0.6,"CQTM":0.6,"VOX":0.6}},"isVote":1,"tweetType":1,"viewCount":52,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":214,"optionInvolvedFlag":false,"subscribersOnly":false,"subscribersOnlyAccessible":false,"xxTargetLangEnum":"ORIG"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/609074287440520"}