From Nasdaq:

Alphabet’s GOOGL search engine is boosted by new feature updates for the Chrome browser. This comes as a key growth driver for the company. Shares have rallied 16.5% in the past six months compared with the Computer & Technology sector’s growth of 10.3%. Google’s recent Material You redesign for Chrome’s New Tab Page on Android remains noteworthy.

The Chrome app on Android now features a thicker search bar, bolder hint text, and distinct voice microphone and Lens icons, among other features. These updates are expected to boost traffic on the Chrome browser and gain solid traction across Android users.

In addition to these updates, Alphabet has added 120 features to Google Chrome, including Tab Groups for easy access on other desktop devices and Safety Check, which automatically runs in the background to alert users when saved passwords are compromised or harmful extensions are installed.

The Zacks Consensus Estimate for 2024 total revenues for Alphabet stands at $283.39 billion, indicating year-over-year growth of 11.26%. The consensus mark for 2024 earnings is pegged at $6.74 per share, representing an increase of 5 cents in the past 30 days. Alphabet currently carries a Zacks Rank #2 (Buy). Other top-ranked stocks in the broader technology sector include Camtek (CAMT), KT (KT), and Everbridge (EVBG), each carrying a Zacks Rank #1 (Strong Buy) at present.

Alphabet’s growing endeavors to bolster its Google Chrome app will boost Google’s Search revenues, in turn bolstering the Google Services segment. The strengthening Google Services segment is expected to aid its overall financial performance in the days ahead.

Google’s introduction of in-browser price insights, an AI-powered “Help me write” feature, and a “Create Theme with AI” feature demonstrates its commitment to innovation in the Chrome browser, which is expected to have a positive impact on its financial performance.



Read more: Alphabet (GOOGL) Boosts Chrome App With Material You Redesign