Alphabet Stock Jumped 13.9% In November. What's Next?
While much of tech saw red in November, it was a strong month for (NASDAQ: GOOG) (NASDAQ: GOOGL), with shares of the Google parent rising 13.9% from the closing bell on Oct. 31 to the end of November's trading. The S 500 ticked up 0.1% over the same period, though it had dropped as much as 4.4% mid-month, while the tech-heavy Nasdaq Composite finished down 1.5%, having fallen as much as 6.9%.
Fears of an artificial intelligence (AI) bubble weighed on much of the market, but Alphabet was able to shrug them off because, in large part, the company helped ignite this latest iteration of AI bubble talk in the first place.
Google's release of Gemini 3, its latest AI model, directly challenged Nvidia and OpenAI's place at the heart of the AI boom. Gemini 3 was not only received as a significant improvement on the latest models from its competitors, but critically, it was trained not with Nvidia's chips, but Google's.
Source Fool.com
Alphabet Inc. A Stock
With 146 Buy predictions and 4 Sell predictions Alphabet Inc. A is one of the favorites of our community.
With a target price of 306 € there is a slightly positive potential of 14.18% for Alphabet Inc. A compared to the current price of 268.0 €.
