JMP Securities cited “the risk of antitrust penalties that could significantly impact Google’s U.S. distribution of search and search revenue.”

JMP Securities has downgraded Alphabet shares (GOOG, GOOGL) to Market Perform from Outperform, citing concerns over pending antitrust litigation. The firm believes the Department of Justice case, expected to conclude in August 2025,

The shares had a strong run in 2024, but 2025 doesn’t look as promising, according to Citizen JMP Securities analyst Andrew Boone.

Synaptics stock was rising Thursday after the semiconductor design company unveiled a partnership with Google to advance artificial-intelligence capabilities. Shares of Synaptics climbed 6.3% to $81.10,

Synaptics explained that the agreement will integrate Google's machine learning core with its Synaptics Astra hardware. It noted that the combination will speed up development of AI devices for the IoT "that support the processing of vision, image, voice, sound, and other modalities" used in a range of applications.

The shares of Synaptics Inc (NASDAQ:SYNA) are up 5.9% at $80.85 at last glance, after news that the semiconductor name is partnering with Google parent Alphabet (GOOGL) to enhance artificial intelligence (AI) for the internet-of-things (IoT) network. GOOGL was last seen up 0.4%, brushing off a downgrade from JMP Securities to "market perform."