Google parent Alphabet is back to touching $2 trillion market valuation, here's what's giving investors the confidence - Times of India
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Alphabet, the parent company of Google, is on track to reach a $2 trillion market valuation, joining the ranks of tech giants like Microsoft, Apple, and Nvidia. The company's recent focus on artificial intelligence (AI) has regained investor favor, with analysts optimistic about Google Cloud's growth potential. The cloud event showcased practical AI and generative AI models for businesses, demonstrating Alphabet's progress in the AI space. Despite concerns about Alphabet's valuation, the company's updates have instilled confidence among investors, with predictions of over 20% revenue growth for Google Cloud due to the integration of its AI technology. The stock's rebound was also fueled by news of Apple potentially using Alphabet's technology. However, some argue that Alphabet should prioritize higher return on investment within its core businesses, especially in the competitive search market.

#Alphabet #Google #MarketValuation #Investors #ArtificialIntelligence #Ai #GoogleCloud

https://timesofindia.indiatimes.com/technology/tech-news/google-parent-alphabet-is-back-to-touching-2-trillion-market-valuation-heres-whats-giving-investors-the-confidence/articleshow/109226540.cms