5 big analyst AI moves: Google reaffirmed as top pick after Gemini agent launch

What happened: BMO reiterated Alphabet as Outperform and Top Pick after the launch of Gemini Agent, a unified enterprise AI agent competing with Meta's Muse and OpenAI's Dots. Why it matters: BMO said the launch and Gemini 4 Argo release offset fears Alphabet is losing its AI edge, and sees cost-to-serve AI declining as infrastructure scales. Citi said it is increasingly selective on semiconductors after a sharp rebound, with estimate revision momentum slowing. Market: -2.3% by next close ($594.24 on Oct 12), +155.4% YTD

BMO reiterated Alphabet as Outperform and Top Pick after the launch of Gemini Agent, a unified enterprise AI agent competing with Meta's Muse and OpenAI's Dots.

BMO said the launch and Gemini 4 Argo release offset fears Alphabet is losing its AI edge, and sees cost-to-serve AI declining as infrastructure scales. Citi said it is increasingly selective on semiconductors after a sharp rebound, with estimate revision momentum slowing. Market: -2.3% by next close ($594.24 on Oct 12), +155.4% YTD