Google's stock has seen a fair share of ebbs and flows, owing to a range of factors.
Antitrust trials and legal concerns have resulted in stock weakening, while advancements in
AI show promise for invigorating the stock's performance. Additionally, support has been seen from
job cuts, pushing the stock up. However, the launch of
OpenAI's SearchGPT raises concerns regarding competition, causing stock to stumble. Equally,
YouTube's performance has not lived up to the mark, negatively affecting stock values. Higher investments in AI are balanced by a
slow YouTube performance, causing stock to decline. However, the unveiling of the
Gemini AI Assistant and
Pixel 9 phones shows promise for Google’s stock. Furthermore, Google's stock nears remarkable highs as its AI business takes off. Notwithstanding, dismissal in an antitrust case delivers a blow to Google. Looking forward, the company’s this year's operating margins, the arrival of the new CFO, and ongoing negotiations around a $23B purchase will paint stock performance. On a positive end, Google’s parent, Alphabet, marked a major milestone with a
$2 trillion valuation.
Google Stocks News Analytics from Wed, 31 Jan 2024 08:00:00 GMT to Thu, 03 Oct 2024 16:35:00 GMT -
Rating 0
- Innovation 2
- Information 8
- Rumor -2
