Alphabet's new-generation chip, Willow, significantly enhances quantum computing, capable of solving problems in five minutes that would otherwise take supercomputers around 10 septillion years.
Despite no immediate commercial applications for quantum computing, this advancement addresses critical technology concerns for Alphabet, strengthening its competitive edge in the sector.
Recent data indicates a rebound in Google's search engine market share, regaining strength against competitors like Microsoft and Yahoo, which contributes to the positive sentiment around GOOGL.
With improved projections for digital advertising in 2025, analysts, including Jefferies and Baird, have reaffirmed their price targets for GOOGL, now estimating it could reach $210.
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