Why Alphabet Stock Popped Today
Alphabet (NASDAQ: GOOGL) (NASDAQ: GOOG) stock gained 2.8% through 11:50 a.m. ET Friday after Raymond James analyst Aaron Kessler hiked his price target to $275 per share on the Google parent company (which he rates "outperform").
Image source: Alphabet.
Artificial intelligence company Anthropic announced yesterday it will use over 1 million specialized AI "Tensor Processing Units" from Google to provide more than one gigawatt of computing capacity for Anthropic's own Claude AI service. This news presumably got today's rally started, as it broke only after close of trading Thursday.
Source Fool.com
Alphabet Inc. A Stock
€262.30
-0.440%
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 280 € shows a slightly positive potential of 6.75% compared to the current price of 262.3 € for Alphabet Inc. A.
