The technology-heavy Nasdaq Composite is within striking distance of all-time highs set in December. Artificial intelligence (AI) has sparked growth and enthusiasm across the technology sector, fueling a rally that began in early 2023.
The headline of this article says it all: Alphabet (GOOG -2.71%) (GOOGL -2.65%) stock is cheaper than the S&P 500 (^GSPC -1.71%) index. It might seem a bit odd that a dominant tech company would fall behind the valuation of a broad market index, but that is exactly what happened.
Both Alphabet (GOOG -2.71%) (GOOGL -2.65%) and Amazon (AMZN -2.83%) fell following their Q4 results over the past few weeks. It wasn't for the strength each displayed in Q4; rather, it was because each company plans to spend a significant amount of money on artificial intelligence (AI) infrastructure in 2025.
Google remains dominant in search and is well-positioned to lead in AI, leveraging its ecosystem, data, and financial strength. Despite AI's rise, Google's search business continues to grow, driven by increasing global internet users and higher revenue per user. Google's extensive ecosystem and vast data resources provide a competitive edge in integrating AI across multiple products, enhancing user experience and monetization.
The European Commission is reportedly set to charge Google with violating European Union rules. The antitrust regulator determined that changes the company made to its search results did not address the concerns of the commission and Google's rivals, Reuters reported Friday (Feb. 21), citing unnamed sources.
Jim Lebenthal, Chief Equity Strategist at Cerity Partners, joins CNBC's "Halftime Report" to detail his latest portfolio moves.
The European Commission has been investigating Google for potential breaches of the Digital Markets Act since March last year.
Search startup Genspark has raised $100 million in a series A funding round, valuing the startup at $530 million, according to a source familiar with the matter, as the race to use artificial intelligence to disrupt Google's stranglehold on the search engine market heats up.
Google is my portfolio's third-biggest position and I plan on boosting it by another 10% soon. The tech giant's revenue and diluted EPS climbed higher in Q4. Google's ~$85 billion net cash and marketable securities position is greater than the individual market caps of around 75% of S&P 500 components.
Speaking at the Techarena tech conference in Stockholm, public policy chiefs at Google and Meta voiced concerns about the European Union's strict approach to regulating artificial intelligence. Chris Yiu, Meta's director of public policy, said the tech giant was slow to rolling out its Ray-Ban branded AI glasses in Europe due to issues around regulation.
Today's Daily Trader turns to a company that's slowed and another showing a notable recovery story. Alphabet (GOOGL) has fallen about 10% since earnings and its stock price has barely shifted since.
Getting a big, fat bonus from your work is a nice feeling. And while it's tempting to treat yourself with a splurge on a family vacation, luxury goods, or some other nice-to-have, given the hard work you've put in all year, putting it aside in a retirement account is the best, albeit most boring move to make with your latest windfall.