Why Alphabet Stock Just Popped
Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) stock jumped nearly 3% earlier in the day before retreating to about a 1.3% gain as of 2 p.m. ET Tuesday. It's not a huge increase -- but then again, you don't expect $2.2 trillion market cap companies to make huge increases in percentage terms all that often.
What's interesting about the gain, though, is what caused it.
According to a Reuters exclusive report this morning, artificial intelligence (AI) leader OpenAI is planning to utilize Alphabet's Google cloud service to help carry the load of its AI operations.
Source Fool.com
Alphabet Inc. A Stock
€266.65
1.200%
The stock is one of the favorites of our community with 126 Buy predictions and 3 Sell predictions.
As a result the target price of 284 € shows a slightly positive potential of 6.51% compared to the current price of 266.65 € for Alphabet Inc. A.
