From Nasdaq:

Alphabet’s GOOGL Google has recently introduced 120 features to enhance the user experience and functionality of the Chrome browser, boosting its search engine. Chrome Tab Groups and Safety Check features have been added to the browser to make it more user-friendly and secure.

Google has also revamped its New Tab Page for Chrome, optimized first-party apps with desktop mode, and is introducing AI-powered features like “Help me write” compatible with Chrome for Desktop use. These updates are expected to increase Google’s Search revenues.

Following these updates, Alphabet’s Search revenues from Google-owned sites increased 11.3% year over year. The company also expects third-party revenues to grow, further strengthening its position in the industry.

The latest Chrome updates are expected to boost Google’s Search revenues and strengthen the Google Services segment. In the third quarter, search revenues from Google-owned sites increased 11.3% year over year to $44.03 billion.

The consensus mark for fourth-quarter 2023 total revenues is pegged at $70.59 billion, indicating year-over-year growth of 11.8%.

In the broader technology sector, Camtek, Badger Meter, and Arista Networks are better-ranked stocks, with Camtek as a Zacks Rank #1.

The long-term earnings growth rate for CAMT is pegged at 12.26%, while BMI’s long-term earnings growth rate is projected at 20.39%. The long-term earnings growth rate for ANET is currently projected at 19.77%.

The latest Chrome updates and the strengthening Google Services segment are expected to aid Alphabet’s financial performance in the days ahead. These updates are expected to boost traffic on the company’s web browsing platform and are likely to benefit GOOGL Stock.

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Read more: Alphabet (GOOGL) Expands Chrome Capabilities With Latest Move