Google's market operations have been a subject of intense scrutiny lately. Their dominance in internet search is seen to be rising due to
Gen AI, however, this dominance is put to question with ongoing
antitrust trials. The tech giant's stocks have been forecasted to drop further due to this trial. Their stocks had broken a critical long-term level, hitting the lowest price since March, after the government considered breaking up the company. Despite this, Google made waves by buying back billions of its own stocks. But constant fluctuations seen with their
stock prices, especially with the recent launch of
Gemini AI Assistant and
Pixel 9 Phones causing a drop, has provoked uncertainty. Nevertheless, robust competition remains amongst leading tech giants like
Amazon and
Microsoft, along with Tesla and Nvidia, highlighting the tight operations in the tech market. Concerns over Google's
operating margins, the bet on
AI business, and foreign competition such as "OpenAI" have kept investors and market watchers on their toes. Yet, despite Alphabet's stock falling by 5% in a day, there remains a strong sentiment towards its all-time high valuation and innovative approach with AI.
Google Stocks News Analytics from Thu, 04 Jan 2024 08:00:00 GMT to Fri, 13 Sep 2024 14:28:00 GMT -
Rating -2
- Innovation 3
- Information 7
- Rumor -1
