JPMorgan sets Google stock price target

American Airlines Pilots Association (APA) urged a court to block Google's $10M purchase of Spirit Airlines' corporate records, citing concerns over confidentiality of pilots' safety and training data. APA argues the deal could deter pilots from reporting safety issues. Other unions and EPIC also oppose the sale, citing risks of deidentification and data monetization. The court has not yet approved the purchase.

Judge Castel denied Google's summary judgment motions, allowing a jury to hear claims that publishers were underpaid by Google's ad tech programs. Damages claims include $599.96M for Daily Mail and $900.77M for Gannett. Apple expanded its iOS 27 blocklist to hundreds of ad tech companies, using a private GitHub repository for updates.

Michigan regulators approved a 20-year electricity contract between DTE Energy and Google for a data center project. Google will pay at least 80% of agreed electricity usage, protecting other DTE customers from costs, according to the MPSC. DTE stated Google will cover its own power costs and contribute to grid improvements, potentially lowering bills for Michigan residents.

Alphabet (GOOGL) launched its AI chips into orbit on a SpaceX (SPCX) Falcon 9 rocket. The mission, Transporter-18, carried satellites including a solar-powered prototype with Google's tensor processing units. SpaceX reported Q2 revenue of $7.8B, up 92%, with $3.5B adjusted EBITDA. Alphabet's stake in SpaceX is worth over $82B. SpaceX plans orbital data centers by 2027, aiming for cost-effective AI training.

Alphabet (GOOGL, GOOG) launched Gemini 4 Argon, an AI model with competitive pricing. Analysts from BNP Paribas and Jefferies highlighted Google's infrastructure and ecosystem as advantages. BNP Paribas set a $420 price target, a 22% upside. Jefferies noted the pricing could pressure rivals. Alphabet shares rose 0.53% in premarket trading.

Berkshire Hathaway's Greg Abel increased the company's stake in Alphabet (GOOGL) to $36 billion in 2026, making it the third-largest holding. The investment was driven by AI's operational benefits observed across Berkshire's subsidiaries. Alphabet's Q2 revenue grew 24% to $119.8 billion, with Google Cloud revenue surging 82% to $24.8 billion, but adjusted earnings missed estimates.