Why Alphabet Stock Was Rising Again Today
Shares of Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) were moving higher again today as investors continue to react to the company's product announcements from yesterday's I/O developer conference. The gathering seemed to convince investors that Alphabet's artificial intelligence (AI) strategy was capable of driving growth and protecting its market share.
At a time when the stock has fallen over antitrust concerns and signs that its close relationship with Apple could be vulnerable, these product announcements were enough to send the stock up 2.4% as of 1:23 p.m. after gaining as much as 4.9% earlier in the session. That comes following yesterday's gain of 2.8%, even as the broader market fell sharply on rising Treasury yields.
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Source Fool.com
Alphabet Inc. A Stock
With 148 Buy predictions and 4 Sell predictions Alphabet Inc. A is one of the favorites of our community.
With a target price of 296 € there is a slightly positive potential of 14.93% for Alphabet Inc. A compared to the current price of 257.55 €.
