Alphabet soars after strong sales signal AI bets paying off
- 3 hours ago
- 1 min read
BLOOMBERG — Alphabet shares jumped to $384.94 in New York on Thursday, the biggest gain since April 2024. The stock is up 23% so far this year.
The results worked to ease investors’ concerns that Google’s main line of business — profiting off of answering people’s questions through search — would be taken over by rivals in the chatbot age. Instead, the company has charged ahead to transform its search business and leverage its data to build AI models and tools.
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