Why Alphabet Stock Popped Today
(NASDAQ: GOOG) (NASDAQ: GOOGL) stock got a small lift on Tuesday, rising 2% higher through 10:30 a.m. ET. The move came in response to President Trump, in one of his first acts in office in his second term, signing an executive order that revoked another executive order (by his predecessor Joe Biden).
Biden's order required the U.S. government to set standards for the "safety" of AI models, and for developers of artificial intelligence (AI) systems to share with the U.S. government the results of safety tests of their AI models before releasing them to the public.
It's not 100% clear how much the Biden order cost AI companies like Alphabet's Google, which makes Gemini AI and uses it to provide quick answers to Google searches made in question form (among other uses). But it's likely that the added regulation did impose at least some costs.
Source Fool.com
Alphabet Inc. C Stock
Our community is currently high on Alphabet Inc. C with 56 Buy predictions and 5 Sell predictions.
With a target price of 300 € there is a slightly positive potential of 4.53% for Alphabet Inc. C compared to the current price of 287.0 €.
