Alphabet took the title as this year's top-performing ‘Magnificent Seven' stock, but the AI competition is fierce
This AI company is making popular AI chips and developing a leading large language model. It should see strong sales growth across its hardware business while more developers license its model.
Alphabet's Google (GOOG, GOOGL) has made strides in the AI race, with its Gemini chatbot emerging as a substantial alternative to OpenAI's (OPAI.PVT) ChatGPT. Yahoo Finance Tech Editor Dan Howley outlines the details.
These companies are market leaders -- and they could successfully navigate any potential tough times. These players make great buys for investors who want to benefit from the AI boom but don't want to add a lot of risk to their portfolios.
Alphabet ( NASDAQ:GOOG )( NASDAQ:GOOGL ) dominates the search engine market with over 90% share and powers billions of daily queries through Google Search.
Google is quietly testing a way to change Gmail addresses without losing data. Updated guidance appears only on Hindi support pages so far.
Nvidia licensed Groq's AI inference technology and hired key engineers. Groq will continue to operate independently after the non-exclusive licensing agreement.
Alphabet is leaning on fast-growing Google Cloud, with a $155 billion backlog, as AI, security and capex fuel momentum.
Shares are up roughly 64% year-to-date, significantly outperforming the broader market and reaffirming the company's status as a core leader within the Magnificent Seven.
The self-driving car startup owned by Google parent Alphabet will update its software fleetwide to improve navigation during power outages after vehicles froze in San Francisco.
Waymo said in a blog post that it's implementing changes to its fleet of driverless cars for times when "infrastructure fails." The Alphabet-owned company paused service on Saturday during blackouts in San Francisco.
In the most recent trading session, Alphabet Inc. (GOOG) closed at $315.68, indicating a +1.4% shift from the previous trading day.