NEW YORK - JLens and the Anti-Defamation League are urging Alphabet Inc. (NASDAQ:GOOG) shareholders to vote against Proposal 11 at the company’s annual meeting on Thursday, according to a press release statement. The tech giant, with a market capitalization of $4.56 trillion, has delivered a 118% return over the past year, according to InvestingPro data.
Proposal 11 requests a report on data risks from governmental overreach but specifically names only Alphabet’s cloud agreement with the Israeli government, Project Nimbus. The proposal does not reference other government contracts the company maintains.
Alphabet’s Board of Directors has recommended shareholders vote against the proposal. Independent proxy advisory firms Institutional Shareholder Services and Glass, Lewis & Co. have also recommended voting against it.
"Alphabet provides cloud services to governments around the world, including the most sensitive U.S. defense and intelligence systems, yet this proposal reserves its one named government contract for Israel’s Project Nimbus," said Jonathan A. Greenblatt, CEO and National Director of ADL.
JLens and ADL stated in the release that the proposal characterizes Project Nimbus primarily as a military initiative while minimizing its civilian applications.
A similar proposal received approximately 4.5% support from Alphabet shareholders in 2025.While governance issues remain in focus, InvestingPro analysis indicates the stock is currently trading above its Fair Value. Investors seeking deeper insights can access comprehensive Pro Research Reports covering Alphabet and 1,400+ other US equities, transforming complex data into actionable intelligence.
JLens is a registered investment advisor founded in 2012 that manages relationships with Jewish institutions representing $15 billion in capital. ADL is an anti-hate organization founded in 1913. The organizations filed a Notice of Exempt Solicitation with the U.S. Securities and Exchange Commission describing their opposition to the proposal.
The statement clarifies that JLens and ADL are not soliciting proxies and cannot accept proxy cards from shareholders.
In other recent news, Alphabet Inc.’s Waymo unit announced the upcoming deployment of its Ojai autonomous vehicle in San Francisco, Phoenix, and Los Angeles. This marks the first introduction of a vehicle specifically designed for robotaxi services, featuring accessibility enhancements like braille and screen-reader compatibility. Meanwhile, Aletheia Capital has raised its price target for Broadcom Limited to $525, maintaining a Buy rating, ahead of the company’s anticipated second-quarter fiscal results and third-quarter guidance. The firm emphasized the importance of Broadcom’s comments on TPU over the near-term financial figures.
TD Cowen has reiterated a Buy rating on Alphabet Inc. following the company’s annual I/O developer conference. The firm highlighted Alphabet’s new artificial intelligence products and noted significant user engagement, with Search AI Mode reaching over 1 billion monthly active users. Additionally, Alphabet’s Gemini app has achieved over 900 million monthly active users. Google, a subsidiary of Alphabet, is testing new AI-powered advertising formats to enhance the search experience, leveraging its Gemini AI model. The company reports that 75% of users make quicker and more confident decisions with AI Mode in Search.
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