Montchanin Asset Management Adds New Stake in Alphabet as AI Cloud Rises
Montchanin Asset Management LLC reported buying a new stake in Alphabet in its latest 13F filing, while other institutional investors also added positions. Optimism centers on AI and cloud growth, including Google Cloud’s role in valuation and credibility of its custom AI chips. Investors bought about 275,667 call options Friday, and analysts’ views remain broadly positive despite UBS’s neutral stance and a lower target.