最新ニュース Alphabet (NASDAQ:GOOG) 株価情報

Alphabet

Alphabet is a holding company that wholly owns internet giant Google. The California-based company derives slightly less than 90% of its revenue from Google services, the vast majority of which is advertising sales. Alongside online ads, Google services houses sales stemming from Google's subscription services (YouTube TV, YouTube Music among others), platforms (sales and in-app purchases on Play Store), and devices (Chromebooks, Pixel smartphones, and smart home products such as Chromecast). Google's cloud computing platform, or GCP, accounts for roughly 10% of Alphabet's revenue with the firm's investments in up-and-coming technologies such as self-driving cars (Waymo), health (Verily), and internet access (Google Fiber) making up the rest.

Alphabet Inc

On Friday, while testifying in Washington federal court, Parisa Tabriz, Chrome's general manager, said that the browser's heavy reliance on Alphabet Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>)-owned Google's infrastructure makes it <a href="https://www.benzinga.com/news/legal/25/04/44941262/openai-once-tried-to-use-googles-search-technology-instead-of-microsoft-bing-due-to-quality-issues-was-rejected-now-sam-altmans-startup-says-itd-buy-chrome-if-forced-antitrust-sale-happens">difficult for another company</a> to recreate it.
What Happened: "Chrome today represents 17 years of collaboration between the Chrome people" and the rest of Google, Tabriz said. "Trying to disentangle that is unprecedented," <a href="https://www.bloomberg.com/news/articles/2025-04-25/only-google-can-run-chrome-company-s-browser-chief-tells-judge">reported</a> Bloomberg.
She explained that features like safe browsing mode and password breach alerts depend on the entire Google infrastructure and not just Chrome. "I don&#8217;t think it could be recreated."
Earlier in the day, Harvard University computer science professor James Mickens testified for the Justice Department, the report noted. In his testimony, Mickens said that transferring Chrome ownership is "feasible."
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Why It's Important: The testimonies came as part of a three-week hearing over remedies following Judge Amit Mehta's ruling last year that <a href="https://www.benzinga.com/news/legal/25/04/44876356/google-scores-partial-win-in-antitrust-case-but-faces-setback-on-publisher-tools">Google illegally monopolized</a> the search market.
The Department of Justice has proposed that Google divest Chrome and stop paying for default search placements.&nbsp;
Price Action: Alphabet Inc. Class A shares rose 1.68% on Friday to close at $161.96, while Class C shares climbed 1.47% to $163.85, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro data</a>.
Alphabet holds a growth score of 64.44%, based on Benzinga Edge Stock Rankings. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">Click here to see how it compares to other companies</a>.
Photo Courtesy: Ink Drop on Shutterstock.com.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/25/04/44999838/can-google-adapt-like-amazon-or-will-it-face-ebays-fate-gene-munsters-candid-take-on-the-search-giants-path-forward-in-the-age-of-ai">Can Google Adapt Like Amazon Or Will It Face eBay&#8217;s Fate? Gene Munster Says ChatGPT &#8216;Overhang&#8217; Isn&#8217;t Going Away, Shares Candid Take On The Path Forward</a></li>
</ul>

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Google Tells Court Only It Can Run Chrome, Warns Forced Divestiture Would Break The Browser: 'Don't Think It Can Be Recreated,' Says Executive

Sen.&nbsp;Elizabeth Warren&nbsp;(D-Mass.) requested answers from&nbsp;Apple Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) CEO&nbsp;Tim Cook, citing a&nbsp;pattern of &#8220;influence-peddling&#8221;&nbsp;between the&nbsp;iPhone-maker and the&nbsp;Donald Trump&nbsp;administration over the <a href="https://www.benzinga.com/tech/25/04/44970168/elizabeth-warren-slams-tim-cook-over-alleged-backdoor-deal-with-trump-to-shield-apple-from-crushing-china-tariffs-creates-the-appearance-of-impropriety" target="_blank" rel="noreferrer noopener">trade negotiations with China</a>.
Amid escalating trade tensions between the U.S. and China, tech bull&nbsp;Dan Ives thinks the time is &#8220;ticking&#8221; for trade deals as Wall Street reels from the aftermath of a tug-of-war <a target="_blank" href="https://www.benzinga.com/25/04/44891715/tech-bull-says-time-ticking-for-trade-deals-as-earnings-season-gathers-steam-calls-nvidias-china-disclosure-a-game-of-who-blinks-first" rel="noreferrer noopener">between the world&#8217;s top two economies</a>.
Earnings
STMicroelectronics N.V.&#8216; (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STM#NYSE">STM</a>) first-quarter FY25 net revenues of $2.52 billion represented a 27.3% year-over-year decline, beating the&nbsp;analyst consensus estimate of $2.51 billion. EPS of $0.06&nbsp;beat&nbsp;the&nbsp;<a target="_blank" href="https://www.benzinga.com/news/earnings/25/04/44978860/stmicro-calls-out-bottom-in-q1-forecasts-q2-rebound-focusing-on-cost-cuts" rel="noreferrer noopener">analyst consensus estimate&nbsp;of $0.04</a>.
Alphabet Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) reported first-quarter revenue of $90.23 billion, up 12% year-over-year, beating a Street consensus estimate of $89.2 billion and EPS of $2.81, beating a Street <a target="_blank" href="https://www.benzinga.com/25/04/44995955/alphabet-q1-earnings-highlights-google-search-youtube-cloud-show-robust-momentum" rel="noreferrer noopener">consensus estimate of $2.01</a>.
T-Mobile (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TMUS#NASDAQ">TMUS</a>) reported first-quarter EPS of&nbsp;$2.58, which beat the analyst consensus estimate of&nbsp;$2.44, and revenue of&nbsp;$20.89 billion, beating the analyst <a target="_blank" href="https://www.benzinga.com/news/earnings/25/04/44995935/t-mobile-shares-drop-despite-better-than-expected-q1-report-details" rel="noreferrer noopener">consensus estimate of&nbsp;$20.62 billion</a>.
VinFast Auto (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VFS#NASDAQ">VFS</a>) reported&nbsp;quarterly&nbsp;earnings per share of 54 cents loss, missing the street view&nbsp;of 23 cents loss and, revenues of $677.89 million missed the&nbsp;analyst <a target="_blank" href="https://www.benzinga.com/news/earnings/25/04/44989420/vinfast-auto-maintains-ev-delivery-outlook-amid-macro-uncertainty-despite-q4-margin-drag" rel="noreferrer noopener">consensus estimate of $859.08 million</a>.
International Business Machines Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IBM#NYSE">IBM</a>) reported quarterly earnings of $1.60 per share, which beat the analyst consensus estimate of $1.40 and revenue of $14.54 billion beat the analyst <a target="_blank" href="https://www.benzinga.com/news/earnings/25/04/44966124/ibm-shares-slide-despite-better-than-expected-q1-details" rel="noreferrer noopener">consensus estimate of $14.4 billion</a>.
Texas Instruments Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TXN#NASDAQ">TXN</a>) reported first-quarter revenue of&nbsp;$4.07 billion, versus&nbsp;estimates&nbsp;of $3.91 billion, and EPS of&nbsp;$1.28, <a target="_blank" href="https://www.benzinga.com/news/earnings/25/04/44966804/texas-instruments-q1-earnings-revenue-beat-eps-beat-strong-guidance-prepared-to-navigate-the-evolving-supply-chain-dynamics" rel="noreferrer noopener">versus estimates of $1.07</a>.
Lam Research (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LRCX#NASDAQ">LRCX</a>) reported quarterly earnings of&nbsp;$1.04&nbsp;per share, which beat the analyst consensus estimate of&nbsp;98 cents, and, revenue of $4.72 billion,&nbsp;which beat the analyst <a target="_blank" href="https://www.benzinga.com/news/earnings/25/04/44965339/lam-research-stock-climbs-after-strong-q3-results-q4-guidance-above-estimates" rel="noreferrer noopener">consensus estimate of&nbsp;$4.59 billion</a>.
Check Point Software Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CHKP#NASDAQ">CHKP</a>) reported quarterly revenue growth of 7% year over year to $637.8 million, topping the&nbsp;analyst consensus estimate of $636.2 million and adjusted EPS of $2.21, beat the&nbsp;analyst <a target="_blank" href="https://www.benzinga.com/25/04/44962682/check-point-q1-earnings-revenue-beats-expectations-ceo-highlights-strong-demand-for-quantum-force-and-ai-platform" rel="noreferrer noopener">consensus estimate of $2.19.</a>
AT&amp;T Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/T#NYSE">T</a>) reported operating revenues of $30.63 billion beating the&nbsp;analyst consensus estimate of $30.35 billion and adjusted EPS of $0.51 also beat&nbsp;the&nbsp;analyst<a target="_blank" href="https://www.benzinga.com/news/earnings/25/04/44947739/att-adds-324-thousand-postpaid-subscribers-in-q1-outpaces-verizons-289-thousand-loss" rel="noreferrer noopener"> consensus estimate of $0.49</a>.
SAP SE (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SAP#NYSE">SAP</a>) reported quarterly revenue of 9.01 billion euros ($9.48 billion), beating analyst estimates and earnings of 1.44 euros ($1.54) per share <a target="_blank" href="https://www.benzinga.com/news/earnings/25/04/44938879/sap-shares-climb-on-better-than-expected-q1-results" rel="noreferrer noopener">also came in ahead of estimates</a>.
Verizon Communications (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VZ#NYSE">VZ</a>) reported&nbsp;fiscal&nbsp;first-quarter revenue growth was 1.5% year-over-year, reaching $33.49 billion, topping the&nbsp;analyst consensus estimate of $33.24 billion. Adjusted EPS of $1.19 topped the&nbsp;<a target="_blank" href="https://www.benzinga.com/25/04/44920917/verizon-struggles-with-subscriber-losses-from-price-increases-competition-and-lower-government-support" rel="noreferrer noopener">analyst&nbsp;consensus estimate of $1.15</a>.
Smartphones &amp; Technology
The&nbsp;iPhone 17 series, the latest smartphone line-up from&nbsp;Apple, is reportedly facing significant stock shortages, and CEO&nbsp;Tim Cook&nbsp;is worried about it. The scarcity of Low CTE fiberglass cloth is reportedly causing a strain <a href="https://www.benzinga.com/25/04/44917129/apple-ceo-tim-cook-gets-anxious-over-this-issue-threatening-the-inventory-of-iphone-17-he-is-pushing-suppliers-every-day" target="_blank" rel="noreferrer noopener">on the&nbsp;stock of the iPhone 17&nbsp;series.</a>
Elon Musk&nbsp;says that&nbsp;Neuralink, which specializes in creating Brain-Computer Interfaces (BCI), will help <a target="_blank" href="https://www.benzinga.com/general/biotech/25/04/44892867/elon-musk-says-neuralink-will-help-blind-people-see-again-will-exceed-the-best-human-eyes" rel="noreferrer noopener">‘completely blind&#8217; people see again</a>.
Elon Musk&#8216;s BCI (Brain-Chip Interface) company&nbsp;Neuralink&nbsp;is reportedly eyeing an $8.5 billion pre-money valuation<a target="_blank" href="https://www.benzinga.com/general/biotech/25/04/44972585/elon-musks-neuralink-eyes-8-5-billion-pre-money-valuation-in-latest-funding-round-report" rel="noreferrer noopener"> amid talks with potential investors</a>.
Microsoft Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) introduced a newly redesigned version of <a target="_blank" href="https://www.benzinga.com/25/04/44973292/satya-nadella-calls-it-scaffolding-for-my-workday-introduces-microsoft-365-copilots-ai-glow-up-to-reshape-how-we-work" rel="noreferrer noopener">its Microsoft 365 Copilot app</a>.
Automotive
Tesla (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) has reportedly pivoted its marketing for the Cybertruck as CEO&nbsp;Elon Musk&#8216;s EV giant rebrands the vehicle <a href="https://www.benzinga.com/markets/25/04/44919745/cybertruck-gets-a-down-to-earth-redesign-as-tesla-shifts-to-traditional-pickup-marketing-amid-poor-sales" target="_blank" rel="noreferrer noopener">to showcase its utilitarian quotient</a>.
Tesla plans to ramp up production of its&nbsp;humanoid robot&nbsp;Optimus&nbsp;are facing significant roadblocks due to supply chain constraints and China&#8217;s new export <a target="_blank" href="https://www.benzinga.com/25/04/44941025/tesla-optimus-robot-hit-by-chinas-rare-earth-magnet-crackdown-elon-musk-says-thousands-may-be-ready-by-year-end-but-no-guarantees-when-you-have-a-complex-manufactured-product" rel="noreferrer noopener">restrictions on rare earth materials</a>.
Elon Musk&nbsp;shared a comprehensive list of updates on the company&#8217;s FSD (Full Self-Driving) technology, crucial <a href="https://www.benzinga.com/news/earnings/25/04/44943387/elon-musk-shares-fsd-update-at-tesla-earnings-call-10-to-20-model-ys-will-offer-paid-robotaxi-rides-in-june" target="_blank" rel="noreferrer noopener">for Tesla&#8217;s Cybercab ambitions</a>.
Tesla has revealed that the company is running its autonomous ride-hailing service in Austin, as well as<a target="_blank" href="https://www.benzinga.com/tech/25/04/44972108/tesla-quietly-launched-robotaxi-service-for-employees-before-june-debut-now-reports-1500-completed-trips" rel="noreferrer noopener"> the San Francisco Bay Area</a>.
Chinese battery manufacturer&nbsp;CATL&nbsp;(Contemporary Amperex Technology Co. Limited) has launched the second-generation <a target="_blank" href="https://www.benzinga.com/markets/25/04/44894382/tesla-battery-supplier-catl-unveils-new-fast-charging-battery-with-323-mile-range-in-five-minutes" rel="noreferrer noopener">‘Shenxing&#8217; fast-charging battery</a>.
Nio Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NIO#NYSE">NIO</a>) has announced it will delay the launch of its Firefly EV in Europe to the third quarter after it claimed to launch <a target="_blank" href="https://www.benzinga.com/25/04/44915240/tesla-rival-nio-delays-the-european-launch-of-firefly-ev-report" rel="noreferrer noopener">the product in the first half of 2025</a>.
General Motors Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GM#NYSE">GM</a>) will continue to produce its Ultium architecture-based EVs like the Chevrolet Equinox at its production <a target="_blank" href="https://www.benzinga.com/markets/25/04/44916042/general-motors-has-no-plans-to-move-ev-production-away-from-mexico-despite-tariff-uncertainty" rel="noreferrer noopener">facility in Ramos Arizpe, Mexico</a>.
Geely Automobile Holdings&nbsp;(OTC:<a class="ticker" href="https://www.benzinga.com/stock/GELYF#OTC">GELYF</a>) announced that the company will share its battery safety <a target="_blank" href="https://www.benzinga.com/25/04/44945220/chinas-geely-announces-it-will-share-battery-safety-patents-safety-lab-with-the-auto-industry" rel="noreferrer noopener">patents at the Shanghai Auto Show</a>.
BYD Co., Ltd (OTC:<a class="ticker" href="https://www.benzinga.com/stock/BYDDY#OTC">BYDDY</a>) is pivoting its European strategy as the Chinese EV manufacturer looks <a href="https://www.benzinga.com/25/04/44946809/byd-rejigs-european-strategy-amid-lack-of-market-knowledge-and-modest-dealer-network-report" target="_blank" rel="noreferrer noopener">to expand into the market</a>.
Image: Shutterstock

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Consumer Tech News (Apr 21-Apr 25): Microsoft's Copilot Gets a Sleek New Look, Apple Under Fire For 'Influence-Peddling' In US-China Trade & More

JP Morgan analyst Doug Anmuth maintains Alphabet (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) with a Overweight and raises the price target from $180 to $195.

Price Target

Analyst Ratings

JP Morgan Maintains Overweight on Alphabet, Raises Price Target to $195

Alphabet Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) analysts break down the growth from YouTube and Cloud and identify opportunities and risks for the company after<a href="https://www.benzinga.com/25/04/44995955/alphabet-q1-earnings-highlights-google-search-youtube-cloud-show-robust-momentum"> first-quarter financial results.</a>
The Alphabet Analysts: Rosenblatt analyst Barton Crockett maintained a Neutral rating on Alphabet and lowered the price target from $205 to $189.
Bank of America analyst Justin Post reiterated a Buy rating and raised the price target from $185 to $200.
WestPark Capital analyst Curtis Shauger reiterated a Buy rating with a $210 price target.
Needham analyst Laura Martin maintained a Buy rating with a $178 price target.
Goldman Sachs analyst Eric Sheridan maintained a Buy rating and raised the price target from $205 to $220.
JPMorgan analyst Doug Anmuth maintained an Overweight rating and raised the price target from $180 to $195.
Read Also:<a href="https://www.benzinga.com/25/04/44986406/if-you-invested-1000-in-google-stock-when-it-acquired-youtube-heres-how-much-youd-have-today"> If You Invested $1,000 in Google Stock When It Acquired YouTube, Here&#8217;s How Much You&#8217;d Have Today</a>
Rosenblatt on Alphabet: The tech company reported a "solid quarter," but future questions remain, Crockett said in a new investor note.
"The concern is the potential reality of macro risks near-term ramping up and slowing the ad trajectory, and antitrust and competitive risks longer term from a pair of recent major losses," Crockett said.
The analyst noted that Alphabet said little about guidance going forward. One comment from management was that the company is "not immune to macro." 
Bank of America on Alphabet: Margin expansion was among the bright spots from the quarterly results, Post said in a new investor note.
The analyst said Alphabet showed strong execution in search and had upside potential from both search and subscriptions. Growth in AI was also shown in the report, which could be a storyline investors are missing, according to Post.
"We think stock valuation at 10x core business EPS does not reflect AI opportunity," Post said.
The analyst said Google is in a race with OpenAI, Perplexity and others for AI usage.
"We continue to believe Google has data and distribution advantages and has closed the LLM performance gap."
He said investors could be underappreciating Alphabet&#8217;s AI monetization ramp.
WestPark on Alphabet: The tech giant showed strong growth in Search and Cloud segments in the first quarter, Shauger said in a new investor note.
"GOOG saw broad-based strength across most of its segments and verticals," Shauger said.
The analyst said the company's operating margins were impressive in the quarter.
Needham on Alphabet: Strength in the ads segment for Alphabet showed minimal tariff impact, Martin said in a new investor note.
Martin said there is some concern that the company will not cut costs if revenue slows and will react late if tariffs impact the company. There was no mention of the words "tariffs" or "macro" during prepared remarks, the analyst added.
The analyst once again shared some sum-of-the-parts math to calculate how much YouTube and other segments could be worth if spun out from the tech giant.
Martin estimates YouTube is worth $60 per share, or around 38% of the company's total value. The analyst gives a valuation of $720 billion for YouTube, significantly higher than the $1.65 billion Alphabet originally paid to acquire the video platform company.
"The operating metrics for YouTube were strong in Q1. Watch time growth remains robust, particularly in key monetization opportunity areas such as shorts and living room," Martin said.
Martin said investors would likely pay more for a pure-play asset like YouTube and the company is seeing growth from advertising and subscriptions.
"We believe that GOOGL is worth more in pieces than together, so we welcome regulators' attempts to break up GOOGL."
Goldman Sachs on Alphabet: First-quarter results showed "resilient search &amp; rising AI narratives," Sheridan said in a new investor note.
"Alphabet mgmt. emphasized their intention to drive operating efficiencies balanced with forward growth investments," Sheridan said. &nbsp;
The analyst said investments in AI are showing through in multiple segments. He noted that YouTube would continue to see strong monetization opportunities.
"In our view, Alphabet mgmt. continued to emphasize a very positive tone with respect to the scale for consumer and enterprise computing adoption of their AI solutions."
JPMorgan on Alphabet: Search monetization and AI innovation were highlights in the first-quarter results for Anmuth.
"Against a backdrop of competitive and macro concerns, Google delivered solid 1Q results w/upside in advertising revenue and operating income," Anmuth said.
The analyst said it was a positive quarter and that Google is seeing strong search monetization in a highly competitive field for AI.
GOOGL Price Action: Alphabet stock is up 1.8% to $162.15 on Friday versus a 52-week trading range of $140.53 to $207.05. Alphabet stock is down 14.4% year-to-date in 2025.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/25/04/44999838/can-google-adapt-like-amazon-or-will-it-face-ebays-fate-gene-munsters-candid-take-on-the-search-giants-path-forward-in-the-age-of-ai">Can Google Adapt Like Amazon Or Will It Face eBay&#8217;s Fate? Gene Munster Says ChatGPT &#8216;Overhang&#8217; Isn&#8217;t Going Away, Shares Candid Take On The Path Forward</a></li>
</ul>
Photo: Shutterstock

Analyst Color

Reiteration

Trading Ideas

Alphabet Analysts Say AI Opportunity Not Reflected In Stock Price, Welcome Break Up Attempts: 'GOOGL Is Worth More In Pieces'

April 25 (Reuters) - A U.S. judge has set a May 2 hearing to discuss remedies the U.S. Justice Department and a group of states might ask the court to impose on Google after it ruled the Alphabet <a href="https://workspace.refinitiv.com/web/apps/quotewebapi?RIC=GOOGL.O">GOOGL.O</a> unit illegally dominates two markets for online advertising technology.
In an order on Friday, U.S. District Judge Leonie Brinkema in the Alexandria, Virginia federal court set the hearing to get an early and broad sense from the Justice Department and states about the remedies that could be at issue, before embarking on a narrowly focused path.
The hearing will come after Brinkema in a <a href="reuters://REALTIME/verb=NewsStory/ric=nL1N3QV0M5">blockbuster order</a> on April 17 found Google liable for "willfully acquiring and maintaining monopoly power" in markets for publisher ad servers and the market for ad exchanges which sit between buyers and sellers.

"A U.S. Judge Has Set A May 2 Hearing To Discuss Remedies The U.S. Justice Department And A Group Of States Might Ask The Court To Impose On Google After It Ruled The Alphabet Unit Illegally Dominates Two Markets For Online Advertising Technology" - Reuters News

General

Alphabet Files For Mixed Shelf Offering; Size Not Disclosed

Oppenheimer analyst Jason Helfstein maintains Alphabet (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) with a Outperform and raises the price target from $185 to $200.

Oppenheimer Maintains Outperform on Alphabet, Raises Price Target to $200

<a href="https://www.theinformation.com/briefings/google-likely-faces-second-antitrust-remedies-trial-september">https://www.theinformation.com/briefings/google-likely-faces-second-antitrust-remedies-trial-september</a>

'Google Likely Faces Second Antitrust Remedies Trial in September'- The Information

Wall Street's darling rally just hit a technical speed bump. According to JPMorgan&#8217;s Jason Hunter, the S&amp;P 500 and its heavyweight tech crew — <a href="https://www.benzinga.com/topic/magnificent-seven">the Magnificent Seven</a> — are stuck below crucial resistance levels, raising the risk of a summer slump before any sustainable comeback.
<h1 class="wp-block-heading">S&amp;P 500 Faces Key Resistance</h1>
Hunter flags the 5425-5650 zone as a brick wall for the S&amp;P 500, noting that the index has already rejected that threshold in early-April and is still showing signs of fragility. While bulls may be eyeing fresh highs, JPMorgan's read is more cautious. According to Hunter, the index could slide back to 4500-4800 — a zone that could mark a "more durable bottom&#8221; — before setting up for a more solid rebound later this year.
<h1 class="wp-block-heading">Magnificent 7 Consolidating Below Breakdown Levels</h1>
But the real story, Hunter says, lies in the Magnificent 7 — Apple Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>), Microsoft Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>), Alphabet Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>), Amazon.com Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>), NVIDIA Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), Meta Platforms Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) and Tesla Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) — all of which have broken down from long-standing uptrends.
That, in Wall Street speak, means they're no longer leading the charge — at least for now.
Read Also: <a href="https://www.benzinga.com/25/04/44683681/exclusive-metas-still-the-mag-7-standout-says-expert-but-can-it-hold-on" target="_blank" rel="noreferrer noopener">EXCLUSIVE: Meta&#8217;s Still The Mag 7 Standout, Says Expert &#8211; But Can It Hold On?</a>
These &#8220;stocks are now consolidating within volatile ranges below their respective breakdown levels," Hunter wrote, suggesting investors may face more whiplash than windfall this summer.
The technical analyst isn't ruling out rebounds, but he's skeptical of anything more than short-term bounces: "The medium-term trend bias stays negative while below those resistance zones." Translation: don't chase the rips, especially if you&#8217;re expecting a V-shaped recovery.
<h1 class="wp-block-heading">Stay Cautious: Watch for Clear Bottoming Patterns</h1>
For investors, the implication is clear: tactically trim exposure to high-fliers and consider rotating into safety until the dust settles. 
ETFs like the Invesco S&amp;P 500 Low Volatility ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPLV#NYSE">SPLV</a>) and the iShares MSCI USA Min Vol Factor ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/USMV#NYSE">USMV</a>) may offer a softer landing.
Meanwhile, those still bullish on AI and Big Tech could look to dollar-cost average into dips via diversified exposure through the Invesco QQQ Trust (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) or the iShares U.S. Technology ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IYW#NYSE">IYW</a>) — but with a side of patience.
The bottom line? 
Until the S&amp;P 500 breaks above resistance and the Magnificent 7 prove they can reclaim lost ground, expect more chop than charge. Or, as Hunter subtly puts it, we need to "see clear price action that looks like a maturing bottoming process."
Read Next: 
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<li><a href="https://benzinga.com/trading-ideas/long-ideas/25/04/44977897/exclusive-nvidia-alphabet-microsoft-amazon-meta-now-in-the-bargain-bin-after-being-heavily-sold-off-says-expert" target="_blank" rel="noreferrer noopener">EXCLUSIVE: Nvidia, Alphabet, Microsoft, Amazon, Meta &#8211; Now In The Bargain Bin After Being &#8216;Heavily Sold Off&#8217;, Says Expert</a></li>
</ul>
Photo: <a href="https://www.shutterstock.com/g/Gumbariya">Gumbariya</a> via Shutterstock

Macro Economic Events

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iShares Dow Jones US Technology Sector Index Fund

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PowerShares S&P 500 Low Volatility Portfolio

SPLV

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S&P 500, Magnificent 7 Hit Resistance: Analyst Warns Of More Pain Before Gain

Citigroup analyst Ronald Josey maintains Alphabet (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) with a Buy and raises the price target from $195 to $200.

Citigroup Maintains Buy on Alphabet, Raises Price Target to $200

U.S. stocks traded lower this morning, with the Dow Jones index falling around 200 points on Friday.
Following the market opening Friday, the Dow traded down 0.50% to 39,894.22 while the NASDAQ fell 0.11% to 17,147.08. The S&amp;P 500 also fell, dropping, 0.24% to 5,471.83.
Check This Out: <a href="https://www.benzinga.com/25/04/45006599/how-to-earn-500-a-month-from-dominos-pizza-stock-ahead-of-q1-earnings">How To Earn $500 A Month From Domino&#8217;s Pizza Stock Ahead Of Q1 Earnings</a>
Leading and Lagging Sectors Communication services shares jumped by 0.9% on Friday.
In trading on Friday, health care fell by 0.9%.
Top Headline
Alphabet Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) reported better-than-expected first-quarter financial results after the closing bell on Thursday.
Alphabet announced a 5% increase to the dividend with the quarterly payout going to 21 cents per share. The company also announced the Board of Directions authorized a $70 billion share repurchase plan on April 23.
Equities Trading UP &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<ul>
<li>Odyssey Marine Exploration, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OMEX#NASDAQ">OMEX</a>) shares shot up 80% to $1.53. U.S. President Donald Trump signed an executive order Thursday to jumpstart the U.S. deep-sea mining industry. Trump seeks to secure domestic access to critical resources through this initiative and reduce America&#8217;s dependence on foreign supply chains for increasingly important commodities.</li>
<li>Shares of Baijiayun Group Ltd (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RTC#NASDAQ">RTC</a>)got a boost, surging 77% to $0.3288 as the company announced plans to invest tens of millions of dollars over next five years to establish new ecosystem for autism rehabilitation.</li>
<li>AGM Group Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AGMH#NASDAQ">AGMH</a>) shares were also up, gaining 47% to $0.0572.</li>
</ul>
Equities Trading DOWN
<ul>
<li>Azul S.A. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AZUL#NYSE">AZUL</a>) shares dropped 45% to $0.6175.</li>
<li>Shares of Coeptis Therapeutics Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COEP#NASDAQ">COEP</a>) were down 33% to $8.35. Coeptis Therapeutics and Z Squared Inc. announced a merger agreement.</li>
<li>Lexaria Bioscience Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LEXX#NASDAQ">LEXX</a>) was down, falling 23% to $1.28 as the company announced a $2 million registered direct offering of common stock.</li>
</ul>
Commodities In commodity news, oil traded down 0.4% to $62.55 while gold traded down 1.7% at $3,293.10.
Silver traded down 2.1% to $32.805 on Friday, while copper fell 0.9% to $4.8120.
Euro zone
European shares were higher today. The eurozone's STOXX 600 gained 0.5%, Germany's DAX 40 gained 0.8% and France's CAC 40 gained 0.7%. Spain's IBEX 35 Index gained 1.3%, while London's FTSE 100 rose 0.2%.
Asia Pacific Markets
Asian markets closed mixed on Friday, with Japan's Nikkei 225 surging 1.90%, China's Shanghai Composite falling 0.07%, Hong Kong's Hang Seng Index gaining 0.32% and India's BSE Sensex falling 0.74%.
Economics
U.S. consumer confidence declined to 52.20 points in April compared to 57 points in March.
Now Read This: 
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Photo via Shutterstock

Earnings

Equities

Eurozone

Commodities

Intraday Update

Markets

AGMH

AZUL

COEP

LEXX

OMEX

Dow Falls 200 Points; Alphabet Posts Upbeat Q1 Results

WestPark Capital analyst Curtis Shauger reiterates Alphabet (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) with a Buy and maintains $210 price target.

WestPark Capital Reiterates Buy on Alphabet, Maintains $210 Price Target

B of A Securities analyst Justin Post maintains Alphabet (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) with a Buy and raises the price target from $185 to $200.

B of A Securities Maintains Buy on Alphabet, Raises Price Target to $200

On CNBC's &#8220;<a href="https://www.cnbc.com/video/2025/04/24/final-trades-kkr-palo-alto-applied-materials-and-uber.html">Halftime Report Final Trades</a>,&#8221; Joshua Brown of Ritholtz Wealth Management picked Uber Technologies, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UBER#NYSE">UBER</a>) following news of its partnership with Volkswagen Group (OTC:<a class="ticker" href="https://www.benzinga.com/stock/VWAGY#OTC">VWAGY</a>).
Volkswagen ADMT, America's autonomous mobility subsidiary, and Uber on Thursday announced a collaboration to deploy a fleet of thousands of all-electric, fully autonomous ID. 
Buzz AD vehicles within multiple U.S. markets, starting in Los Angeles over the <a href="https://www.benzinga.com/news/25/04/44988070/autonomous-ride-hailing-just-got-real-vw-and-uber-reveal-first-us-city">next decade</a>.
Don't forget to check out our <a href="https://www.benzinga.com/premarket/">premarket coverage here</a>.
Bryn Talkington, managing partner at Requisite Capital named KKR &amp; Co. Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KKR#NYSE">KKR</a>) as <a href="https://www.benzinga.com/quote/KKR">her final trade</a>.
Supporting her view, HSBC analyst Vikram Gandhi, on April 15, upgraded the rating for KKR from Hold to Buy.
Jason Snipe of Odyssey Capital Advisors picked Palo Alto Networks, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PANW#NASDAQ">PANW</a>), saying the platform strategy is starting to work here.
Palo Alto announced on April 9 crossed $1.5 billion in cumulative sales through Alphabet Inc's (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) Google Cloud Marketplace as of April. The cybersecurity company said the sales milestone highlights its commitment to helping organizations use artificial intelligence to accelerate cloud and AI adoption more securely.
Jim Lebenthal of Cerity Partners named Applied Materials, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMAT#NASDAQ">AMAT</a>) as his final trade amid good report from Lam Research Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LRCX#NASDAQ">LRCX</a>).
Lam Research reported quarterly earnings of $1.04 per share on April 23, beating the analyst consensus estimate of 98 cents. Quarterly revenue was $4.72 billion, also beating the analyst consensus estimate of $4.59 billion.
Price Action:
<ul>
<li>KKR shares jumped 6% to close at $113.25 on Thursday.</li>
<li>Palo Alto gained 4.6% to close at $176.04 during Thursday's session.</li>
<li>Applied Materials shares rose 4.6% to close at $150.17 on Thursday.</li>
<li>Uber shares climbed 5.9% to settle at $78.10 during the session.</li>
</ul>
Check This Out: 
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<li><a href="https://www.benzinga.com/25/04/44977071/wall-streets-most-accurate-analysts-weigh-in-on-3-materials-stocks-with-over-7-dividend-yields">Wall Street&#8217;s Most Accurate Analysts Weigh In On 3 Materials Stocks With Over 7% Dividend Yields</a></li>
</ul>
Image: Shutterstock

Long Ideas

AMAT

PANW

UBER

VWAGY

Uber, Palo Alto, Applied Materials, And A Financial Stock On CNBC's 'Final Trades'

Wells Fargo analyst Ken Gawrelski maintains Alphabet (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) with a Equal-Weight and raises the price target from $167 to $175.

Wells Fargo Maintains Equal-Weight on Alphabet, Raises Price Target to $175

Rosenblatt analyst Barton Crockett maintains Alphabet (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) with a Neutral and lowers the price target from $205 to $189.

Rosenblatt Maintains Neutral on Alphabet, Lowers Price Target to $189

GOOG: 6% &#x7C; <a href="https://www.benzinga.com//node/45003886">Alphabet shares are trading higher following better-than-expected Q1 financial results.</a>
&nbsp;
INTC: -7% &#x7C; <a href="https://www.benzinga.com//node/45003864">Intel shares are trading lower after the company issued Q2 guidance below estimates.</a>
&nbsp;
TMUS: -6% &#x7C; <a href="https://www.benzinga.com//node/44995935">T-Mobile Shares Drop Despite Better-Than-Expected Q1 Report</a>

Movers

INTC

Market-Moving News for April 25th

WIIM

Alphabet shares are trading higher following better-than-expected Q1 financial results.

U.S. stock futures traded mixed on Friday after three consecutive days of gains, with S&amp;P 500 futures edging higher amid <a href="https://benzinga.com/analyst-ratings/analyst-color/25/04/44988781/wall-street-rally-extends-into-third-day-whats-driving-markets-thursday">rising earnings optimism</a> and signs of easing U.S.-China trade tensions.
The first quarter earnings report of Google-parent Alphabet Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) topped estimates, adding to investor confidence following weeks of uncertainty.
Investors will be keeping an eye on AbbVie Inc.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ABBV#NYSE">ABBV</a>),&nbsp;HCA Healthcare Inc.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HCA#NYSE">HCA</a>), and&nbsp;Aon PLC&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AON#NYSE">AON</a>), among several other corporate earnings that are set to be released on Friday. 
U.S. 10-Year Treasury yields stood at 4.3% and 2-Year Treasury yields at 3.80%. According to the CME Group&#8217;s FedWatch <a href="https://www.cmegroup.com/markets/interest-rates/cme-fedwatch-tool.html">tool</a> predictions, there is a 95.3% chance of the Federal Reserve keeping interest rates unchanged during its next meeting in May.
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Futures</td>
<td>Change (+/-)</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>-0.13%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>+0.20%</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>+0.22%</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>-0.48%</td>
</tr>
</tbody>
</table>
</figure>
The SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) and the Invesco QQQ Trust (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) dipped 0.19% and 0.37%, respectively, in Friday's premarket trading, according to <a href="https://pro.benzinga.com/dashboard?_gl=1&#x2A;17jsfbw&#x2A;_gcl_au&#x2A;MjA5Njc0MjY1My4xNzQwODM2NTUw&#x2A;_ga&#x2A;R1MxLjEuMTc0NDY0ODA3Mi4yLjAuMTc0NDY0ODA3NS4wLjAuMA..&#x2A;_ga_V7ZK73W7N0&#x2A;MTc0NTU3MTI2OS4xLjEuMTc0NTU3MTQ4My4wLjAuMA..">Benzinga Pro</a> data.
Cues From Last Session: 
The markets were buoyed by the strong performance of Alphabet and T-Mobile US Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TMUS#NASDAQ">TMUS</a>), but several others, such as Procter &amp; Gamble Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PG#NYSE">PG</a>) and PepsiCo Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PEP#NASDAQ">PEP</a>), fell short of estimates.
Economic data was largely mixed on Thursday, with the Initial Jobless Claims report at 220,000, against a forecast of 222,000, while Existing Home Sales came in at 4.03 million, falling short of the median forecast at 4.13 million.
All S&amp;P 500 sectors advanced on Thursday, barring consumer staples, which declined 0.88% owing to the lackluster earnings of PepsiCo and Procter &amp; Gamble during the day.
As of Thursday, the Nasdaq 100 was down 13.5% from its previous high of 22,222.61 points, the S&amp;P 500 was down 10.8% from a high of 6147.43 points, and finally, the Dow Jones Industrial Average was down 11% from its high of 45,073.63.
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Index</td>
<td>Performance (+/-)</td>
<td>Value</td>
</tr>
<tr>
<td>Nasdaq Composite</td>
<td>2.74%</td>
<td>17,166.04</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>2.03%</td>
<td>5,484.77</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>1.23%</td>
<td>40,093.40</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>2.00%</td>
<td>1,957.59</td>
</tr>
</tbody>
</table>
</figure>
Insights From Analysts: 
Market analyst, Ryan Detrick, highlighted the fact that the S&amp;P 500 has risen by at least 1.5% for three trading days in a row, saying that, &#8220;This isn&#8217;t stuff you see in bear market rallies or short covering rallies.&#8221;
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">The S&amp;P 500 is up at least 1.5% for three days in a row. This isn&#39;t stuff you see in bear market rallies or short covering rallies. You see this before times of strong performance. Higher 10 out of 10 times a year later and up 21.6% on average. <a href="https://t.co/kfvfNKq6IK">pic.twitter.com/kfvfNKq6IK</a>
&mdash; Ryan Detrick, CMT (@RyanDetrick) <a href="https://twitter.com/RyanDetrick/status/1915608371840921812?ref_src=twsrc%5Etfw">April 25, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
&#8220;You see this before times of strong performance,&#8221; he says, &#8220;higher 10 out of 10 times a year later and up 21.6% on average,&#8221; each time you see three consecutive daily gains of 1.5% or more in the S&amp;P 500.
Upcoming Economic Data:
Here&#8217;s what investors will be looking at on Friday,
<ul>
<li>The Consumer Sentiment (Final) report is set to be released at 10 AM Eastern Time on Friday.</li>
</ul>
Stocks In Focus:
<ul>
<li>AbbVie Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ABBV#NYSE">ABBV</a>) is up 2.40% in pre-market trade as it is set to report its earnings this morning, with analysts expecting earnings of $2.40 per share, on $12.9 billion in revenue. </li>
<li>HCA Healthcare Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HCA#NYSE">HCA</a>) is down 0.43% pre-market and is set to report its earnings before the bell, with analysts expecting $5.75 per share, on $18.3 billion in revenue. </li>
<li>Aon PLC (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AON#NYSE">AON</a>) is set to report its earnings prior to the opening bell and is up 1.08% pre-market. Analysts expect earnings of $6.03 per share, on $4.8 billion in revenue. </li>
<li>Colgate-Palmolive Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CL#NYSE">CL</a>) is up 0.18% in pre-market trade in anticipation of its first quarter earnings prior to the opening bell. Analysts expect the FMCG giant to post $0.86 per share in earnings, on $4.8 billion in revenue. </li>
<li>Charter Communications Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CHTR#NASDAQ">CHTR</a>) is down 4.8% in pre-market trade and is set to report its first quarter results before markets open. Analysts expect $8.59 per share in earnings and $13.7 billion in revenue.</li>
</ul>
Commodities, Gold And Global Equity Markets
Crude oil futures are trading down 0.68% in the early New York session on Friday, at $62.63 per barrel.
The U.S. Dollar Index (DXY) is up 0.37%, trading at 99.74, while gold spot prices continue to witness a pullback, trading at 3,299.63, down 1.08%.
Asian markets edged higher on Friday, with the Nikkei 225, Kospi, and Shenzhen ending the day in the green, along with Australia&#8217;s ASX 200. India&#8217;s Nifty 50 and the Sensex are ending the week down.
Image Via shutterstock

ABBV

CHTR

US Stock Futures Mixed After Three-Day Winning Streak: Expert Dismisses Market Pessimism, Says 'This Isn't Stuff You See In Bear Market'

Future Fund's noted investor, Gary Black, has said that Tesla Inc.&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) June launch of 10-20 robotaxis in Austin cannot translate to billions of dollars in valuation potential.
What Happened: Responding to a reply made by a user on his earlier post, Black took to the social media platform X on Thursday to offer his views on why the investor called <a href="https://www.benzinga.com/markets/25/04/44979720/teslas-robotaxi-launch-in-june-will-likely-be-a-non-event-says-gary-black-this-isnt-really-a-test-market-its-an-experiment">Tesla's robotaxi launch</a> a &#8220;non-event.&#8221;
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">I'm not criticizing <a href="https://twitter.com/search?q=%24TSLA&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$TSLA</a> ‘s "toe in the water" go-slow approach to Robotaxi. One mishap or injury in Austin and the MSM will be all over this &#8211; particularly with no TSLA PR effort. Investors need to recognize there is a huge difference in valuation between <a href="https://twitter.com/search?q=%24GOOGL&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$GOOGL</a> and <a href="https://twitter.com/search?q=%24TSLA&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$TSLA</a>:… <a href="https://t.co/2DWwOPupfR">https://t.co/2DWwOPupfR</a>
&mdash; Gary Black (@garyblack00) <a href="https://twitter.com/garyblack00/status/1915447486635741488?ref_src=twsrc%5Etfw">April 24, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Black reiterated that he wasn't criticizing the company for its "toe in the water" approach to the Robotaxi's launch. "One mishap or injury in Austin and the MSM will be all over this &#8211; particularly with no TSLA PR effort." He said.
However, the investor pointed out the difference in valuation between Alphabet Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) and Tesla.
"GOOGL trades at 17.5x 2025 Non-GAAP EPS, while TSLA trades at 114x 2025 Non-GAAP EPS.&nbsp; TSLA's robotaxi test with 10-20 cars employing remote drivers to some extent to ensure no mishaps does not YET warrant $ billions of robotaxi valuation potential." Black said in the post.
There could be an increase in his $310 price target for Tesla if the Austin robotaxi launch progresses smoothly, and if the platform can be expanded to other locations, he said, but noted that investors' estimates of "$500B-$1.0T" is absurd for a concept that isn't proven successful yet.
Why It Matters: The investor's comments come in as Waymo has announced it reached the <a href="https://www.benzinga.com/25/04/45001569/waymo-announces-250000-weekly-paid-rides-across-four-us-cities-sundar-pichai-says-personal-ownership-an-option-in-the-future">250,000 weekly paid rides</a> milestone across 4 cities in the U.S., like Austin, Los Angeles, Phoenix and San Francisco.
Tesla has also rolled out a<a href="https://www.benzinga.com/tech/25/04/44972108/tesla-quietly-launched-robotaxi-service-for-employees-before-june-debut-now-reports-1500-completed-trips"> Supervised FSD ride-hailing service </a>for its employees in Austin and San Francisco. The company says it has already completed over 1,500 trips.
The development of the autonomous ride-hailing sector has also been handed a boost why the Trump administration as it announced it was <a href="https://www.benzinga.com/25/04/45001024/trump-administration-announces-exemptions-for-autonomous-driving-companies-in-the-us-eases-self-driving-crash-report-requirements">easing regulatory hurdles</a> for U.S. autonomous vehicle companies.
Price Action: TSLA stock currently trades for $259.51 on the NASDAQ, according to<a href="https://pro.benzinga.com/dashboard"> Benzinga Pro data</a>.
Check out more of Benzinga's Future Of Mobility coverage by<a href="https://www.benzinga.com/topic/mobility"> following this link.</a>
Read Next:
<ul>
<li><a href="https://www.benzinga.com/tech/25/04/44974056/tesla-protests-are-now-an-official-risk-factor-for-elon-musks-ev-giant-company-tells-sec-exaggerated-criticism-could-hinder-fundraising-efforts">Tesla Protests Are Now An Official Risk Factor For Elon Musk&#8217;s EV Giant: Company Tells SEC &#8216;Exaggerated&#8217; Criticism Could Hinder Fundraising Efforts</a>&nbsp;</li>
</ul>
Image Via Shutterstock

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