There's a whirlpool of public opinions and data surrounding Alphabet (GOOG). The promising news is that Alphabet’s dividend debut has been regarded as a major game-changer with growth prospects in the technology sector, painting an optimistic picture for tech investors. The company also has ambitious expansion plans, represented by a $2B investment in setting up a data center and cloud hub in Malaysia. In AI competitiveness, Alphabet is deemed by billionaire David Tepper as the top AI stock for 2024.
However, there is mounting scrutiny over the tech giant's operations. Leaked search documents have confirmed that Google collects a vast amount of user data, triggering privacy concerns. Noted economist, Paul Krugman, complained that Google and other search engines have had their usability compromised. The company also faces investor sell-off fears, as the Alphabet stock has shifted by -0.35%. In addition, Alphabet is reportedly shedding its ownership in two hyper-growth stocks, as the company increasingly focuses on AI.
Alphabet GOOG News Analytics from Tue, 09 Jan 2024 08:00:00 GMT to Thu, 30 May 2024 19:43:00 GMT - Rating 5 - Innovation 7 - Information 6 - Rumor -4
