** Alphabet's GOOGL.O shares are up 2% to $177.99 on Wed after an executive reiterated that the tech giant will be doubling down on AI investments, primarily technical infrastructure
** GOOGL shares are poised for gains after two straight sessions of losses
** "As our CEO has said, in these early days of a very transformative technology, the risks of under investing are dramatically higher than the risks of over investing," Google APAC Head of AI and Emerging Tech Policy Eunice Huang said during a panel discussion at the Reuters NEXT Asia summit in Singapore on Wed
** In April, GOOGL said it is still committed to spending some $75 billion this year on expanding data center capacity
** Among 55 analysts that cover GOOGL, avg rating is "BUY" and median PT is $200
** Several analysts, including from Oppenheimer and Wells Fargo, have recently raised their PT on GOOGL
** GOOGL is down 6.1% YTD vs NASDAQ Composite Index's .IXIC 6.4% increase
(Reporting by Chibuike Oguh in New York)
((Email: Chibuike.Oguh@thomsonreuters.com; Phone: +332-219-1834; Reuters Messaging: chibuike.oguh.thomsonreuters.com@reuters.net))
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.