May get pretty ugly for AI stocks if …, warn analysts in a research note for 2026 that predicts ‘good news’ for Google and ‘bad’ for Nvidia and OpenAI

Analysts predict a tough period for AI stocks, potentially mirroring the dot-com bubble. Google’s Gemini is expected to gain market share against OpenAI, boosted by an Apple partnership. Google’s custom AI chips, TPUs, are seen as a significant advantage, potentially impacting Nvidia and driving value for Alphabet, whose stock price target was raised.