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Why Alphabet, C3.ai, and MongoDB Rallied Today

TheMotleyFool 
0 0 29.08.23
Why Alphabet, C3.ai, and MongoDB Rallied TodayPhoto, wide shot, wide-angle lens, Consumer electronics manufacturer, Midday, harsh overhead sunlight, directional sunlightt, photo by Peter Lik: https://img.midjourneyapi.xyz/temp/0defe5ca-333a-451e-9549-4f262e278fc7.png
 

Shares of artificial intelligence beneficiaries (NASDAQ: GOOG) (NASDAQ: GOOGL), C3.ai (NYSE: AI), and MongoDB (NASDAQ: MDB) were all rallying on Tuesday, up 2.7%, 5.8%, and 3.5%, respectively, as of 2:57 p.m. ET.

Today, Alphabet held its Google Cloud Next conference, and announced several new AI features and partnerships.

However, Alphabet and the other two stocks were likely helped even more by new macroeconomic data. This morning, the July JOLTS data came in softer than expected, boosting hopes the Federal Reserve might be done hiking interest rates without having caused a recession.

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Source Fool.com

Alphabet Inc. A Stock

€297.30
-0.590%
Alphabet Inc. A shows a slight decrease today, losing -€1.750 (-0.590%) compared to yesterday.
The stock is one of the favorites of our community with 165 Buy predictions and 2 Sell predictions.
As a result the target price of 333 € shows a slightly positive potential of 12.01% compared to the current price of 297.3 € for Alphabet Inc. A.
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