Alphabet Inc. (NASDAQ: GOOGL) is in the spotlight for AI stocks. TD Cowen raised the stock’s price target to $335.00 from $280.00, citing strong quarterly earnings. Revenue beat estimates by 2.4%, with Search, Cloud, and YouTube exceeding expectations by 3%.

Operating income was 2.5% above estimates, with margins improving 350 basis points year-over-year. Alphabet credited artificial intelligence for growth in Search and Cloud. The Gemini AI platform reached 650 million monthly active users, with queries tripling quarter-over-quarter.

The tech giant raised its 2025 capital expenditure guidance to around $92 billion from $85 billion, showing continued investment in AI infrastructure. Alphabet, the parent company of Google, is recognized for its AI potential. For those seeking undervalued AI stocks, a free report on the best short-term AI stock is available.

Read more at Yahoo Finance: Alphabet (GOOGL) Posts Q3 Earnings Beat; AI Helps Boost Search and Cloud Growth