Alphabet Unveils First Logical Qubit Prototype, Paving Way for Quantum Computing Advances
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 21h ago
0mins
Source: Fool
- Quantum Computing Innovation: In 2023, Google's Quantum AI team unveiled the first logical qubit prototype, demonstrating the potential to reduce computational errors by increasing the number of qubits, thereby laying the groundwork for large-scale quantum computer deployment.
- Computational Leap: In 2019, Google Quantum AI achieved a breakthrough by completing a calculation in 200 seconds that would have taken the most powerful supercomputers an estimated 10,000 years, showcasing the immense advantages of quantum computing.
- Cloud Service Growth: Google Cloud is the fastest-growing among the top three cloud service providers, with growth expected to accelerate as agentic AI adoption increases, further solidifying Google's leadership in the cloud computing market.
- TPU Commercialization: Google's Tensor Processing Units (TPUs) are gaining commercial momentum due to their cost-effectiveness, allowing them to capture more market share without needing to outperform Nvidia's GPUs in raw performance.
Analyst Views on GOOGL
Wall Street analysts forecast GOOGL stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for GOOGL is 312.00 USD with a low forecast of 236.00 USD and a high forecast of 350.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
38 Analyst Rating
31 Buy
7 Hold
0 Sell
Strong Buy
Current: 321.980
Low
236.00
Averages
312.00
High
350.00
Current: 321.980
Low
236.00
Averages
312.00
High
350.00
About GOOGL
Alphabet Inc. is a holding company. The Company's segments include Google Services, Google Cloud, and Other Bets. The Google Services segment includes products and services such as ads, Android, Chrome, devices, Google Maps, Google Play, Search, and YouTube. The Google Cloud segment includes infrastructure and platform services, collaboration tools, and other services for enterprise customers. Its Other Bets segment is engaged in the sale of healthcare-related services and Internet services. Its Google Cloud provides enterprise-ready cloud services, including Google Cloud Platform and Google Workspace. Google Cloud Platform provides access to solutions such as artificial intelligence (AI) offerings, including its AI infrastructure, Vertex AI platform, and Gemini for Google Cloud; cybersecurity, and data and analytics. Google Workspace includes cloud-based communication and collaboration tools for enterprises, such as Calendar, Gmail, Docs, Drive, and Meet.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
