The Latest AI News Doesn’t Change the GOOG Stock Story – InvestorPlace
- However, this has only elicited a modestly-positive reaction among investors, and for good reason.
- Taking a closer look at both development, neither one really changes the tech giant’s prospects in the ‘AI wars’
After rallying last month, Google parent Alphabet (NASDAQ:GOOG, GOOGL) has continued to hold up thus far in April. Other tech stocks have delivered a similar performance, but it may be a few company-related developments that are keeping GOOG stock on an upwards trajectory.
In the past week, the tech giant has made two announcements related to how it plans to capitalize on the artificial intelligence (or AI) megatrend.
To some, these developments may signal higher prices ahead. Coupled with a tech sector rebound, it may seem possible that AI could result in an even greater earnings comeback over the next year.
A rebound for Alphabet’s overall business may arrive on or ahead of schedule. However, don’t assume that the latest AI-related news with the FAANG component is a bona…
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