Posted 4/11/2024, 1:42:21 PM
Alphabet Stock Rebounds as Investors Become More Optimistic About AI Strategy
- Investors becoming more optimistic about Alphabet's AI strategy as stock rebounds toward $2 trillion valuation
- Recent AI product issues caused stock drop, but new chip and progress on Gemini offering reassurance
- Cloud platform and potential for monetizing AI present growth opportunities
- Stock valuations still discounted relative to peers like Microsoft
- Earnings and developer conference coming up this month are next potential stock catalysts
