Alphabet Gains Citi Catalyst Watch on AI and Cloud Strength

Overview

• Citi, which added Alphabet to a 90-day “upside Catalyst Watch” Tuesday, flags Google Cloud Next (Apr. 22–24), Q1 results (Apr. 29) and Google I/O (May 19–20) as the key near-term drivers.
• Alphabet’s latest quarter showed momentum, with revenue up 18% year over year to $113.83 billion and earnings of $2.82 per share, both topping Wall Street estimates.
• Gemini, Google’s AI assistant and model suite, now reaches more than 750 million monthly users, and the company reported selling over 8 million paid Gemini Enterprise seats in Q4, signaling growing business adoption.
• Alphabet signed a long-term deal with Broadcom to co-develop and supply custom Tensor Processing Units through 2031, and partner Anthropic is slated to tap significant TPU capacity starting in 2027.
• Waymo began fully autonomous rides in Nashville on April 7 across a 60‑square‑mile zone, while its fleet has grown to roughly 3,000 vehicles and service data shows a 13-fold drop in serious-injury crashes, expanding driverless options for local riders.