OpenAI Exodus: 1 Stock Set to Benefit
The OpenAI saga reads more like a novel than typical business history. The company has hired and fired its founder, shuffled through numerous executives, and is now making a dramatic shift to a for-profit company. Over a dozen key employees have left the company this year, including its chief technology officer (CTO) as of late September.
Even though the company has raised billions in capital to fund its artificial intelligence (AI) spending, the ground clearly looks shaky at the start-up. If the exodus ends up hurting OpenAI, there's one competitor that stands to benefit: (NASDAQ: GOOG) (NASDAQ: GOOGL).
Does that make Alphabet stock a buy in Oct. 2024?
Source Fool.com
Alphabet Inc. C Stock
€309.30
6.930%
Currently there is a rather positive sentiment for Alphabet Inc. C with 68 Buy predictions and 5 Sell predictions.
As a result the target price of 367 € shows a slightly positive potential of 18.66% compared to the current price of 309.3 € for Alphabet Inc. C.
