Alphabet (GOOGL) Stock Gains After Google Partners With Morgan State University on AI Campus
TLDR
- Alphabet stock edged up Thursday after Google Public Sector announced an AI campus partnership with Morgan State University.
- The partnership gives Morgan State access to high-end GPU compute power via Google Cloud and Nvidia infrastructure.
- Work will cover AI, cybersecurity, climate science, and health science, including AI-driven traffic tools in Baltimore.
- Morgan State will also launch a Google-focused Center of Excellence for AI skills and job training.
- Wall Street rates GOOGL a Strong Buy with a consensus price target of $426.04, implying around 29% upside.
GOOGL stock has pulled back roughly 18% from its May peak and is trading around $330, but Thursday brought a modest lift after a new partnership with Morgan State University was announced.
Google Public Sector is teaming up with Morgan State University to build an AI-driven research campus. Under the deal, Morgan State will get access to high-end GPU compute power through Googleโs Program for Accelerated Research.
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