Why Alphabet Stock Moved Higher Again Today
(NASDAQ: GOOG) stock continued its strong run with the shares up as high as 3.2% in early morning trading. The move today comes as news broke that Meta is reportedly in talks with Alphabet's Google to buy AI chips from it.
The news highlights the attractiveness of Alphabet stock as a means to capitalize on the AI boom. A quick look at its cash flow and remarkable cash levels, compared to one of its peers, demonstrates the ease with which it can finance the substantial investment required to grow its AI capabilities.
Source Fool.com
Alphabet Inc. A Stock
€262.25
-0.660%
The stock is one of the favorites of our community with 150 Buy predictions and 4 Sell predictions.
As a result the target price of 298 € shows a slightly positive potential of 13.63% compared to the current price of 262.25 € for Alphabet Inc. A.
