Investors appear to have struggled to make sense of Alphabet (GOOGL 0.88%) (GOOG 0.88%) stock in recent years. Although the Google parent continues to outperform the S&P 500, some wonder whether it has lost a step in the artificial intelligence (AI) race as chipmakers like Nvidia and stocks more closely linked to OpenAI's ChatGPT draw more attention.
Google holds a minority stake worth billions of dollars in OpenAI rival Anthropic.
Artificial intelligence (AI) stocks have soared over the past couple of years, helping the S&P 500 roar into bull territory. The reason for all of the excitement?
In the latest trading session, Alphabet (GOOGL) closed at $170.25, marking a +1.04% move from the previous day.
Alphabet Inc. (GOOG) closed the most recent trading day at $172.13, moving +1.13% from the previous trading session.
The technology-heavy Nasdaq Composite is within striking distance of all-time highs set in December. Artificial intelligence (AI) has sparked growth and enthusiasm across the technology sector, fueling a rally that began in early 2023.
The headline of this article says it all: Alphabet (GOOG -2.71%) (GOOGL -2.65%) stock is cheaper than the S&P 500 (^GSPC -1.71%) index. It might seem a bit odd that a dominant tech company would fall behind the valuation of a broad market index, but that is exactly what happened.
If you're a fan of Westerns, you may think of the silver screen when someone says The Magnificent Seven -- a film by the name came out in 1960. But the name also refers to a group of stocks that have powered index gains through this bull market so far.
Newly appointed CFO Anat Ashkenazi told analysts to expect a small step-up in Alphabet's (GOOG -0.54%) (GOOGL -0.49%) capital investments in 2025 during the tech giant's third-quarter earnings call. "Likely not the same percent step-up that we saw between '23 and '24, but an additional increase," she said in late October.
Mexican President Claudia Sheinbaum moved forward Monday with her threat to sue Google over the company renaming the “Gulf of Mexico” as the “Gulf of America” on Google Maps, warning the government will take action if Google continues to claim the entire body of water—not just the U.S.-controlled area—now has President Donald Trump's preferred name.
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