Google, Nvidia
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The stock has already more than doubled over the past year, currently trading around $380. Hence, the obvious question arises: what would be necessary to
In a brutal month for AI-related tech stocks, Google-parent Alphabet has been bucking the trend. It isn’t as if Google has become some sort of AI counterplay. The company is squarely in the race to develop the most advanced AI models and is spending mind-blowing sums to do it.
Stocks closed sharply higher for a second time in as many days this holiday-shortened trading week, although Nvidia and other semiconductor shares fell on a report Meta Platforms may use Google's AI chips in their data centers.
On Tuesday, Cathie Wood-led Ark Invest made significant trades. These trades were executed across multiple Ark ETFs and focused on tech as well as cryptocurrency-related companies.
Perhaps most interestingly, tech stocks that aren’t Nvidia are also holding their own—the Nasdaq Composite was up 0.58% yesterday. Jim Reid and his team at Deutsche Bank described the buoyant mood like this: “The 3-day advance for the S&P since Thursday’s low stands at +3.