Why Alphabet Stock Popped Friday
Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) moved higher today -- and well, yes, pretty much everyone is moving higher after Federal Reserve Chairman Powell hinted at the Federal Reserve conference in Jackson Hole, Wyoming, that he's considering lowering interest rates this year -- but Alphabet in particular went on a 3.7% romp that's more than twice as big as today's gain on the Nasdaq Composite (NASDAQINDEX: ^IXIC) generally.
And why?
Because according to Bloomberg, Apple (NASDAQ: AAPL) is getting ready to hire Alphabet's Google to redesign Siri and give Apple some real artificial intelligence (AI).
Source Fool.com
Alphabet Inc. A Stock
€280.90
2.240%
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 292 € shows a slightly positive potential of 3.95% compared to the current price of 280.9 € for Alphabet Inc. A.
