Alphabet’s stock soars on the back of strong AI performance and Google Cloud growth. Gemini 3 outperforms ChatGPT, and TPU chips gain attention as Nvidia alternatives. Analysts bullish on Alphabet’s prospects in 2026, citing synergy between ad and AI businesses. Buy recommendation with $340 fair value estimate.

Netflix offers $83 billion for Warner Bros. Discovery, far above its $60 billion value. Deal would create a streaming powerhouse but may be overpriced. Paramount Skydance interested in Warner merger, eyeing scale against Netflix. Potential NBCUniversal merger could face regulatory hurdles. Comcast’s spinoff of Versant could attract buyers.

Comcast sees broadband customer decline, but demand for internet remains strong. Shift in competitive balance expected to stabilize as fiber network expands. Shares offer over 4% yield and potential upside with media strategy shift. Disney undervalued with growth potential from streaming and experiences revenue. Omnicom adapts to AI challenges by focusing on omnichannel marketing and data management. Merger with IPG expected to boost targeting and conversion efficiency.

Read more at Morningstar: US Communication Services: Alphabet’s AI Strength Is Growing Across Multiple Dimensions