Alphabet’s Class C shares (NASDAQ: GOOG) opened Wednesday at $343 after a 3.61% drop the day before, a continuation of recent weakness that has seen the stock repeatedly slide back from the $360 area into the low-$340s. Investor unease has been heightened since Alphabet announced it would raise AI capital spending for 2026 from $180 billion to $205 billion, prompting questions about near-term returns on that ramp-up. Still, one major Wall Street voice is staying constructive. Bank of America Securities analyst Justin Post kept a buy rating on GOOG in a client note dated Aug. 11, 2026, calling the current price malaise “temporary” and arguing the shares remain on a path to retake the $400 level. BofA describes Alphabet’s AI spending as disciplined and believes the company’s investments will pay off as AI features are rolled across its ecosystem. BofA has set a $430 price target for GOOG — roughly $87 above the stock’s $343 open, or about a 25% upside. To put that in trader terms, a $1,000 stake at today’s price would be worth about $1,250 if the target is hit. Post’s bullish case centers on Google’s unique ability to embed AI across its core products — Android, Chrome, YouTube, Maps and more — and to push out AI-native features quickly thanks to its vast distribution scale. Why crypto-focused readers might care: large-scale AI capex decisions affect data-center demand, chip and infrastructure markets, and broader tech risk sentiment — all of which can ripple through crypto market flows and institutional allocations. With heavyweights like Alphabet doubling down on AI, traders across asset classes will be watching whether those investments translate into sustainable revenue growth. (Also notable recently: Warren Buffett’s reported $14.5 billion purchase of Google stock has sparked additional market interest in the name.) Read more AI-generated news on: undefined/news