Alphabet became the fourth company to reach a $3 trillion market cap along with Nvidia, Microsoft, and Apple.
Google's multi-billion-pound investment into the U.K. comes ahead of U.S. President Donald Trump's state visit to the country. Google unveiled the opening its new state-of-the-art data center near London.
Google said Tuesday it was investing £5 billion ($6.8 billion) in the UK over the next two years to help power the country's AI drive, ahead of a visit by US President Donald Trump.
Alphabet briefly became the best performer in the “Magnificent Seven” on a year-to-date basis, showing how its stock has new shine in the eyes of investors.
The owner of Rolling Stone, Billboard and Variety sued Google on Friday, alleging the technology giant's AI summaries use its journalism without consent and reduce traffic to its websites.
The current market is undeniably expensive, with the Shiller price-to-earnings ratio (also called the CAPE ratio) nearing historical highs and many stocks priced at eye-popping valuations. Sorting through this pricey terrain to find bargains can feel akin to searching for a needle in a haystack.
Former Verily executive Ryan Sloan has filed a lawsuit against the company, alleging it repeatedly covered up HIPAA breaches that affected more than 25,000 patients. Sloan, who was chief commercial officer of the diabetes and hypertension business, claims the company wrongfully retaliated by firing him, according to the filing.
Alphabet (GOOG -0.12%) (GOOGL -0.15%) trailed the market for much of the year, despite posting strong financial results. The reason behind the company's poor performance was its antitrust case, one of the most high-profile ones in years.
Following a significant jobs revision that signals an weaker economy than previously thought, the AI industry's growth has become even more impressive. Recent news from Nebius and Oracle debunks key criticisms of the AI boom.
Alphabet's Google Cloud revealed Tuesday it has lined up about $58 billion in new revenue over the next two years as it vies to become a more central component of the tech giant's future.
CNBC's MacKenzie Sigalos joins 'Money Movers' to discuss Google's ad tech trial strategy as the company moves into an AI advertising war.
The tide seems to have turned for Alphabet (GOOG -0.35%) (GOOGL -0.31%). The parent company of Google saw its stock dip above $140 in April of this year over concerns about tariffs, antitrust cases both in the U.S. and in Europe, and rising competition for a share of the online search market from artificial intelligence (AI) startups.