Why Alphabet Rallied This Week
Shares of search giant (NASDAQ: GOOG) (NASDAQ: GOOGL) rallied this week, up as much as 10.1% on Thursday before retreating to 9.2% gain on the week as of 1 p.m. ET Friday, according to data from S&P Global Market Intelligence.
That's a big move for a company as big as Alphabet that didn't report any financial results. But the search giant unveiled several positive bits of news on the technology front this week.
On Monday, Alphabet published a blog post about the company's new quantum computing chip named Willow. According to Alphabet, the new chip was able to perform a calculation in five minutes that would take today's fastest supercomputers more time than the universe has been in existence.
Source Fool.com
Alphabet Inc. C Stock
€309.30
6.930%
Our community is currently high on Alphabet Inc. C with 68 Buy predictions and 5 Sell predictions.
With a target price of 367 € there is a slightly positive potential of 18.66% for Alphabet Inc. C compared to the current price of 309.3 €.
