Alphabet Inc. (NASDAQ:GOOGL) is one of the AI Stocks Making Headlines on Wall Street. On November 25, DA Davidson reiterated its Neutral rating on the stock with a $300.00 price target.

The firm has reaffirmed its stance following reports that Meta is considering the purchase of Google’s TPUs, but remains on the sidelines awaiting broader monetization clarity.

The Information has recently reported that Meta is currently in talks with Google to purchase its Tensor Processing Units (TPUs). These will be used to deploy in their own data centers.

The news report is just another indication about the growing demand for Google’s TPUs, particularly from frontier lab customers.

“Yesterday afternoon, it was reported by The Information that Meta (Luria; BUY) is in talks with Google to purchase TPUs and deploy in their own data centers outside of renting via Google Cloud. This is just one additional data point we’ve gotten over the past several months indicating that there is increasing demand for Google’s TPUs especially from frontier lab customers and that Google themselves are opening up to the idea of selling these systems externally. We maintain our NEUTRAL rating and $300 price target.”

Alphabet Inc. (NASDAQ:GOOGL) is an American multinational technology conglomerate holding company wholly owning the internet giant Google, amongst other businesses.

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