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.
Source Fool.com
Alphabet Inc. A Stock
€151.26
-0.460%
With 98 Buy predictions and 1 Sell predictions Alphabet Inc. A is one of the favorites of our community.
With a target price of 192 € there is a positive potential of 26.93% for Alphabet Inc. A compared to the current price of 151.26 €.
