Google Cloud (GOOGL.US) "allies" with OpenAI to support computing power "ammunition" , Morgan Stanley sings long-term potential and gives "buy" rating.

According to the Zhixun Financial APP, Google Cloud (GOOGL.US) has reached an agreement with OpenAI to support increasing computing power to meet the growing demand for calculations. Morgan Stanley has released a related commentary report on this event, believing that if the agreement is confirmed, it will indicate Google's confidence in its long-term search business position, and accelerate the development of Google Cloud, with a valuation exceeding 18 times. The bank has given Google a "buy" rating and raised the target price to $185.