Overview

• TD Cowen on Sept. 16 raised Alphabet’s price target to $270 from $240 and kept a Buy rating, citing findings from its 2025 GenAI Public Cloud Survey.
• The survey shows Google Cloud Platform as the second-choice provider for companies adding a cloud vendor, with 80% awareness versus 94% for AWS and 93% for Azure.
• Respondents reported growing use of Google’s Gemini LLM at 54%, while OpenAI remained the top provider at 73%, down from 82% a year earlier.
• Insider Monkey reports Google Cloud won a £400 million contract to deliver a sovereign cloud for the UK Ministry of Defence, a claim with limited independent corroboration.
• The report describes a secure platform aligned with the MOD’s Strategic Defence Review, including AI and cybersecurity use cases, and says early revenue and UK hiring are underway.