Why Alphabet Stock Popped Today
Google parent Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) jumped 3.3% through 10:30 a.m. ET Monday. Part of the reason was investor optimism over the prospect that the government shutdown may be nearing its conclusion -- but that wasn't the only reason.
As Bloomberg reports, Apple (NASDAQ: AAPL) plans to upgrade its iPhones for improved access to satellite communications -- and also to upgrade the artificial intelligence powering its Siri virtual assistant. Key to that latter upgrade will be paying Alphabet $1 billion a year for a "custom" model of its Gemini AI to back up Siri.
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Source Fool.com
Alphabet Inc. A Stock
€270.60
-0.700%
With 146 Buy predictions and 4 Sell predictions Alphabet Inc. A is one of the favorites of our community.
With a target price of 306 € there is a slightly positive potential of 13.08% for Alphabet Inc. A compared to the current price of 270.6 €.
