AI investing: Buy Google as the company is ready for battle, says BofA

The AI war set off by ChatGPT is ramping up and Google stock is poised to spike 21% as it joins the fray, Bank of America says

BofA sees the potential for Alphabet shares to climb to $119, implying their price could eventually rise by 21% from Monday's close at $102.90.

"Per industry experts … Google may have more data to access than ChatGPT, Google has extensive computing infrastructure to build on and, of course, Google search has a large distribution advantage with iOS and Android," said Post. "While a new wave of AI competition has arrived, we think Google is well prepared with years of investment in the technology. Buy," he wrote. Google boss Pichai said Bard has been opened up to"trusted testers," and that the service it will be arriving to the public in the coming weeks.

Baidu shares soared Tuesday after the Chinese search engine operator said it is preparing to roll out its

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