What's Going On With Alphabet Stock Today
Portfolio Pulse from Anusuya Lahiri
Alphabet's Google shares are trading higher amid continued AI momentum, plans to phase out third-party cookies in Chrome, and the Supreme Court declining to address the legal liability shield for tech platforms. Hedge funds, including Pershing Square Capital Management and Appaloosa, have picked up new stakes in the stock.
May 18, 2023 | 5:56 pm
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POSITIVE IMPACT
Google shares trade higher due to AI momentum, phasing out third-party cookies, and legal liability shield protection. Hedge funds acquire new stakes.
The stock is trading higher due to positive news on AI momentum, phasing out third-party cookies, and the Supreme Court's decision not to address the legal liability shield. Additionally, prominent hedge funds have picked up new stakes in the stock, indicating increased investor interest.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Google shares trade higher due to AI momentum, phasing out third-party cookies, and legal liability shield protection. Hedge funds acquire new stakes.
The stock is trading higher due to positive news on AI momentum, phasing out third-party cookies, and the Supreme Court's decision not to address the legal liability shield. Additionally, prominent hedge funds have picked up new stakes in the stock, indicating increased investor interest.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100