GOOG

Google shares quickly rebounded by 4.8%, from a local bottom below $160 seen just two days ago to $166.50 at least, after the official announcement of its $32 billion acquisition of Israeli cybersecurity tech Wiz. This once again confirms my concept that Google assets are significantly oversold at any price below $170. By the way, this area around $160 technically corresponded to September 2024 lows, which happily launched the next bullish wave to $200+, which reached these goals in February 2025. If so, another round of a recovery to the key $200 mark is only a matter of time, while the average 12-month estimate for Google from leading Wall Street analyst houses still exceeds $220 per share.

Last year, Google initially offered $23 billion for the 5-year old cloud security unicorn, yet finally negotiators settled the price nearly $9 billion higher. Local journalists just quoted the famous Israeli startup founder Uri Levine that Wiz actually executed its plan, but now under the Google hat. Well, now Wiz can allow Google to leave this hat on, or just to leave formerly their Wiz instead of a hat, after Google became a little bit undressed after paying so much money. So, Gemini, goes over there, turning on the lights, all the lights, coming over here, standing on that chair, and year, that's right. Raise your arms up in the air and... (singing)... you give me reason to live!... Well, that's enough Joe Cocker singing for today. While Israeli media are interested in how it happens that the deal made the unpretentious Wiz founders multibillionaires, with only an estimated $4 billion in taxes flowing into the country's national coffers, markets are more focused on benefits for Google.

Wiz cyber platform with its 1,800 workers, reportedly tailored amazingly well to map and secure any application developers build and run in the cloud, will now join Google’s Cloud business to make it even stronger, but remain independent. Wiz founders' very first business, a cloud security firm Adallom, was sold to Microsoft for $320 million only 10 years ago, but tech specialists are talking about Wiz as if it is a much more perfect creation, which can give Google Cloud an advantage over Microsoft's Azure. Wiz is also going to keep its products available on other cloud platforms, which may generate additional money, now for Google. Many businesses are facing growing network security risks, like sophisticated ransomware, malware and other breaches, so that even the current community of Wiz customers includes more than 40% percent of the Fortune 100 companies, such as Mars, BMW, DocuSign, Plaid and Agoda.

Besides, Google’s Gemini AI assistant, a tool useful in brainstorming and content generation, introduced two new features the same week, named Audio Overview and Canvas, to transform files into engaging podcast-style discussions and to improve document editing and coding. The last feature means adjusting length and formatting of the content to make it more concise, professional or informal etc. With the other hand, Google launches the latest edition of its new smartphone, named Pixel 9a to offer enhanced AI photography capabilities like Best Take, Magic Editor, Magic Eraser, Astrophotography etc, having built-in Gemini and priced at $499. Meanwhile, Google Wallet introduces a secure payment feature for kids.

This is all news from Google's parent company Alphabet over the past few days. It seems that Google has done literally everything possible to break out from under the price pressure created by the EU regulatory crackdown. Right now Google was hit with two charges of breaching landmark EU rules despite threats from Trump to levy extra high tariffs against EU countries if the EU imposes fines on U.S. companies. The Google case is on whether Google "restricts" third parties' app developers from "informing users about offers outside" its app store Google Play, and whether it "favours its associated search services" like Google Flights. As for me, these are essentially stupid stories that can only temporarily put psychological pressure on investors, but will be resolved anyway. New technical solutions will certainly allow the company's shares to surface in a more or less short period of time.