GOOG Maintained by TD Cowen -- Price Target Raised to $485

Alphabet's Waymo secured $5B in debt funding from lenders like Blackstone and Fidelity for its robotaxi projects, marking its first external debt financing.

Alphabet (GOOGL, GOOG) launched a 'universal' Gemini agent for Gmail, Drive, Docs, and Calendar, expanding its AI workplace tools. This move intensifies competition with OpenAI, Microsoft (MSFT), and Amazon (AMZN). Alphabet's next earnings report is estimated for Oct. 28, 2026, with expected EPS of $2.89 and revenue of $116.87 billion. The stock has a Strong Buy consensus rating and was trading up 0.68% at $349.72 on Thursday.

Duke Energy reached a settlement in North Carolina requiring large-load customers, including data centers operated by Amazon, Google, Meta, and Microsoft, to pay upfront for grid infrastructure. The agreement lowers the threshold for large loads from 100MW to 50MW with an 80% load factor for ESAs signed after June 1, 2026. Duke Energy aims to shield other customers from these costs while ensuring reliability and economic benefits.

Google, Meta, and other companies are investing nearly US$2 billion to create an open database for AI systems focused on biology, disease research, and drug discovery.

Constellation Energy (CEG) signed a deal with Alphabet's Google to supply 890 MW of nuclear power, highlighting its role in powering AI growth for tech giants. CEG operates outside regulated utilities, offering direct power sales to companies like Microsoft, Meta, and Amazon. Its scale, diverse energy portfolio, and long-term contracts support growth, though its stock remains 25% below 2025 highs.

Google/Alphabet (GOOG) has contracted 3,590 MW of power from Constellation Energy (CEG), including 890 MW of nuclear energy. The 20-year agreement will fund $4.3B in upgrades to Constellation's nuclear reactors. This deal, set to begin in 2028, aims to meet Google's rising electricity demand due to AI and data center expansion, according to the companies.