Alphabet Inc. CEO Sundar Pichai
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letter On Friday, the stock closed at $200 a share for the first time as investors grew more optimistic about the company’s opportunities in artificial intelligence.
The stock gained 1.1% on Friday, and just over 2% for the week, to close at $200.21. It’s up almost 6% in 2025, while Nasdaq stock is up 3.3% so far this year.
Alphabet’s new record is adjusted for the split. company implemented At the time of the announcement, the stock was allocated 20-to-1 in 2022 and the stock was trading at about $2,750, equivalent to $137.50 post-split.
Tech’s Megacap starts reporting earnings next week, Microsoft,,,, Yuan and Tesla Results are scheduled to be announced on Wednesday, followed by apple Thursday. letter It plans to report fourth-quarter results on February 4.
letter income third quarter That’s a 15% increase from the same period last year and about 11% from the same period in 2024. The company generated $88.3 billion in sales in the third quarter and had record cloud revenue.
While Alphabet faces increased competition due to advances in generative AI, especially from OpenAI, analysts generally view Google as the winner in AI as the company adds new capabilities to its products across its portfolio.
Morgan Stanley analysts noted in a report on Friday that the company’s AI agent products Astra and Project Mariner, Project Mariner, and its large language model Gemini 2.0 are due for release in 2024. and by extension “its consumer products are “high”.
in 2025 strategy meeting Google executives told employees last month that they expected a year of increased competition, regulatory hurdles and advancements in AI. Although products are unfortunately in the first half of 2024, the second half features a number of important AI products.
Alphabet stock is up 35% over the past year. Among the top value companies in technology, the top performer was Nvidia with 132% growth, followed by Tesla at 96%. Meta and Amazon also outperformed Alphabet, while Apple and Microsoft underperformed. Over the past year, Nasdaq stock has gained 29%.
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