5 days ago
8
What’s Behind Google’s Soaring Stock This Month?
By
Columnist, Heard connected the Street
In a brutal period for AI-related tech stocks, Google-parent Alphabet has been bucking the trend. It isn’t arsenic if Google has go immoderate benignant of AI counterplay. The institution is squarely successful the contention to make the astir precocious AI models and is spending mind-blowing sums to bash it.
One Google advantage: the institution offers a level of AI vertical integration that adjacent the different large tech companies can’t rather match. Alphabet’s banal roseate again Tuesday connected a study that Google is approaching ample unreality users—including Meta—about selling entree to its in-house chips.
Another vantage is that Google is besides keeping its halfway concern humming. Its genitor inactive makes the bulk of its $385 cardinal successful yearly gross from advertising.
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