Yorkville Ives(Dan Ives)予Alphabet跑赢大市评级、目标价400美元，称其正转向全栈AI平台

Yorkville Ives expects Alphabet ( GOOG ) ( GOOGL ) to outperform. Analyst Dan Ives highlighted that the tech and media company is moving from the world's largest search and advertising name to a full-stack AI platform. The firm's view is that the stack is becoming its defining advantage in the AI Revolution. In particular, Ives and his team think Gemini 4 Argon gives Alphabet ( GOOG ) ( GOOGL ) the engine to close the gap with Meta Muse, as the surfaces, data, and billing relationships are already in place. Meanwhile, Waymo ( WAYMO ) and the strategic equity stakes, including Anthropic ( ANTHRO ), are seen adding optionality already visible on the balance sheet. "The capital intensity is unprecedented, but Alphabet remains supply constrained against a backlog it cannot yet serve, and we view the spend as the price of building the infrastructure and distribution layer for the AI economy," updated Ives. "Argon's launch reinforces our view that Alphabet is operating from the front of the AI Revolution rather than chasing it, compounding earnings while it builds that layer," he added. Yorkville Ives has an Outperform rating on Alphabet ( GOOG ) ( GOOGL ) and a price target of $400. The 52-week intra-day high for Alphabet ( GOOG ) is $404.47.