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Why Alphabet, C3.ai, and MongoDB Rallied Today


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

€296.30
-0.900%
The price for the Alphabet Inc. A stock decreased slightly today. Compared to yesterday there is a change of -€2.700 (-0.900%).
With 165 Buy predictions and 2 Sell predictions Alphabet Inc. A is one of the favorites of our community.
With a target price of 333 € there is a slightly positive potential of 12.39% for Alphabet Inc. A compared to the current price of 296.3 €.
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