Why Alphabet Stock Gained 12% in January
Shares of Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) were among the winners last month after the tech giant unveiled a breakthrough with its new quantum chip, Willow.
The news set off a surge in quantum computing stocks, and Alphabet jumped over a two-day span after the announcement, as it was the latest evidence that the company is on the cutting edge in the AI race.
According to data from S&P Global Market Intelligence, the stock finished the month up 12%. As you can see from the chart below, the gains came largely following the quantum computing announcement on Dec. 9.
Source Fool.com
Alphabet Inc. C Stock
€255.90
-2.270%
The stock is one of the favorites of our community with 54 Buy predictions and 4 Sell predictions.
With a current price of 255.9 € Alphabet Inc. C is right around the predicted target price of 258 €.
