Google Parent Alphabet’s Stock Tumbles Amid Worries Whether AI Spending Will Pay Off
Shares of Google parent Alphabet tumbled Wednesday as several analysts lowered their price targets for the stock, citing concerns about the tech giant's weaker-than-expected cloud growth and plans to ramp up spending on AI.
Alphabet has been talking nonstop about AI. Now investors are looking for proof that the company’s efforts are working.
RBC Capital analysts confirmed their positive stance on Alphabet Inc. (NASDAQ:GOOGL) shares, maintaining an Outperform rating ...
As of 11:15 a.m. ET, the stock was down by 8.1%. Overall revenue rose 12% to $96.5 billion in Q4, slightly below analysts' ...
We recently compiled a list of the 12 High Flying AI Stocks This Week. In this article, we are going to take a look at where ...
Stocks started the day on a soft note as investors piled into traditional safe-haven assets — driving up Treasury prices and dragging down yields, while lifting gold to another record. Disappointing ...
China Universal Asset Management Co. Ltd. raised its holdings in Alphabet Inc. (NASDAQ:GOOG – Free Report) by 36.0% in the ...
In a conference call with analysts, Pichai caused a bit of a stir when he said that the company plans to increase its capital ...
U.S. stock indexes were edging lower on Wednesday morning after Alphabet Inc. posted a revenue miss and said it was [ramping up its spending on artificial intelligence.]( ...
Coerente Capital Management trimmed its holdings in Alphabet Inc. (NASDAQ:GOOG – Free Report) by 3.1% during the fourth ...
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Google's parent company and other tech stocks are weighing on a mixed Wall Street Wednesday as the focus swings back toward ...
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