a smart person named AI Ives thinks that Google is going to do really well in the future. He believes that Google is going to be great at something called "artificial intelligence", which is when computers can do things that usually only humans can do. AI thinks that Google's "mojo" (which means their special spirit) is back and they will keep getting better at artificial intelligence in the next few months. Google's parent company, Alphabet, has been doing really well too, with a lot of money coming in from people using Google Search and Google Cloud. Read from source...

In the article `Google's 'Mojo' Is Back, Says Wedbush Analyst AI Ives, Sees More Upside For Alphabet Stock`, Wedbush analyst AI Ives expresses optimism about Google's future prospects, particularly in the areas of artificial intelligence (AI) and advertising. Ives believes that Google's "mojo" is back and that the company is just getting started in the AI race.

However, Ives acknowledges that Google still has a long way to go in the AI sector, and that over the next few months, Google will show significant progress not only in advertising but also in AI. He metaphorically describes the AI landscape, stating, "It is 9 PM at the AI party, and we think it will go until 4 AM."

Despite this positive outlook, there are concerns among investors about the impact of higher AI-related capital expenditures on margins. Alphabet's capex was $13.19 billion, which some see as necessary to secure the company's future in AI.

Additionally, some investors are concerned about the pressure on CEOs to reduce AI spending, as well as the sell-off in Alphabet shares. However, Jim Cramer has criticized the sell-off, arguing that those who listened to the earnings call would know the company is performing well.

In conclusion, while Ives and other analysts remain optimistic about Alphabet's future prospects, there are concerns about the impact of AI-related capital expenditures on margins and the pressure on CEOs to reduce AI spending.

Google's "mojo" is back, according to Wedbush analyst AI Ives, who predicts more upside for Alphabet's stock. However, despite the positive outlook, Ives acknowledges that Google still has a long way to go in the AI sector. Alphabet's strong financial performance in Q2, beating analyst estimates on both top and bottom lines for six consecutive quarters, showcases its resilience and growth potential. Nonetheless, investors are concerned about the impact of higher AI-related capital expenditures on margins. Price Action: Alphabet Inc Class A shares closed at $172.63, down 5.04% on Wednesday. Alphabet Inc Class C shares closed at $174.37, down 5.03% for the same day. Year to date, the stock has gained 24.94%. Risks: Concerns about the company's high AI-related capital expenditures and margin impact. Watch: AI development, advertising.