Posted 4/10/2024, 12:19:56 PM
Google Cloud Momentum Lifts Alphabet Stock to Near $2 Trillion Valuation
- Alphabet stock nears $2 trillion market cap as share price hits new highs after Google Cloud Next conference
- Trades at attractive valuation (P/E) compared to Apple, Microsoft, Nvidia
- Unveiled new Arm-based chip, AI upgrades to Google Workspace, Vertex AI tools for enterprises
- Share price formed cup and handle pattern, implying price target around $217
- Google Cloud announced new AI models and partnerships with Nvidia