On Balance Volume Surges In Google Stock Ahead of US Trial

  • Post category:Technology
  • Reading time:4 mins read
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Google GOOGL stock formed a positive divergence between On Balance Volume and price as of September 10, 2023. GOOGL stock is in a technical strong uptrend.

GOOGL stock on September 10, 2023, with a positive divergence between the On Balance Volume indicator and the price of GOOGL.

JPMorgan lays out thoughts ahead of U.S. versus Google trial

On September 8, 2023, JPMorgan announced that the eagerly anticipated U.S. v. Google trial will start on September 12, 2023. According to the analyst’s research note to investors, the trial will determine whether Google has improperly maintained monopoly power through a series of exclusive agreements with distribution partners, including web browser developers.

Many people, according to JPMorgan, believe that Google will win the trial. The status quo would be maintained if the decision was entirely in Google’s favor. However, if Google were to lose, it would lose certain search distribution agreements and be able to recover tens of billions of dollars in traffic acquisition costs with only a minor effect on overall search volume, market share, and revenue.

While this justification is sound on a fundamental level, according to JPMorgan, the trial will take into account a number of claims, so there may be a wider range of possible outcomes. It predicts that Google will pay out nearly $30 billion to search distribution partners in 2023 and believes that Google winning in every respect and maintaining the status quo would likely be the best result. It appears that losing distribution deals increases the possibility that a rival could overtake Google as the platform’s default search engine. With a $150 price target, JPMorgan maintains an Overweight rating on Alphabet.

Alphabet CEO on Company’s Next Trillion Dollars

Google is a multinational technology company that specializes in Internet-related services and products. Some of its main activities and offerings include: 1. Search Engine: Google operates the world’s most popular search engine, which allows users to find information, web pages, images, videos, and more. 2. Online Advertising: Google offers various advertising services, including Google Ads, which allow businesses to display ads on Google search results pages and across its vast network of websites and platforms. 3. Cloud Computing: Google provides cloud computing services through Google Cloud, offering infrastructure, storage, data analytics, machine learning, and other resources to individuals and businesses. 4. Online Productivity Tools: Google offers a suite of productivity tools known as Google Workspace (formerly G Suite), which includes Gmail, Google Docs, Google Sheets, Google Slides, and more. These tools enable collaboration, document sharing, and communication. 5. Mobile Operating System: Google developed and manages Android, one of the most popular mobile operating systems globally, used by numerous smartphone manufacturers. 6. Web Browser: Google Chrome is a widely-used web browser developed by Google, known for its speed, simplicity, and security. 7. Mapping and Navigation: Google Maps provides detailed mapping, satellite imagery, street view, and navigation services worldwide. 8. Video Sharing: Google owns YouTube, the largest video-sharing platform globally, where users can upload, watch, and share videos. 9. Artificial Intelligence and Machine Learning: Google invests heavily in artificial intelligence and machine learning technologies, which are incorporated into various products and services, such as Google Assistant, Google Translate, and Google Photos. 10. Hardware Products: Google manufactures and sells various hardware products, including Pixel smartphones, Nest smart home devices, Chromecast streaming media players, and Google Home smart speakers. Note that these are just some of the many services and products offered by Google, as the company is involved in numerous other areas of technology and innovation.

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