AI is powering the S&P 500, but it's mostly companies taking an "if you build it they will come" approach. So far, most companies aren't actually paying for AI services.
Wall Street strategists are arguing the stock market rally's next leg higher doesn't need broader participation.
Investing.com - Commerzbank has raised its target price for Alphabet's (NASDAQ: NASDAQ:GOOGL) Class "C" stock to $220 and continues to recommend the stock as a "Strong Buy." This comes from an analyst note published on Wednesday, which highlights the dynamic development and stable growth potential of Google's parent company. This results in a return potential of around 18.5% from the current price. A stop-loss limit is recommended at $155.00.