Alphabet stock price sky rocketing this week?!

JeslinToh
2023-07-14

Yes, $Alphabet(GOOG)$ is up over 4% yesterday and is up over 3% for the week. So what exactly drove the price of the big tech up this week?

1) Inflation data released on Wednesday is showing signs of plateauing and this is a strong indicator of Fed next move on rate hikes. With lowering inflation pressures, rate hikes are likely to be slowed further and eventually reduced. This is a good news for tech stocks for sure and Alphabet is a beneficiary.

2) Alphabet's AI product - Bard is rolled out in international markets such as Brazil and Europe. Also, new features such as text to speech and new language capabilities are introduced. This is just the beginning in increasing user adoption of Bard. We can definitely look forward to more international exposures and awesome features to be rolled out in the near future to stay competitive against ChatGPT.

Overall, it's a good week for Alphabet investors. Hope this ride up will persist! Invest safe.

@CaptainTiger @Daily_Discussion @MillionaireTiger @TigerStars 

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Comments

  • AugustineMac-
    2023-07-14
    AugustineMac-

    All financial parameters of GOOG are excellent. It’s always SAFE and profitable to accumulate GOOG and hold very long term. GOOG will rise sharply in the long run

  • kookiz
    2023-07-14
    kookiz

    GOOG at least $135 on Earning Report. Buy now, otherwise buy GOOG $135 by the month end

  • cheeryx
    2023-07-14
    cheeryx

    Summay(GOOG): low risk, huge growth in revenue annually, recommended Strong Buy, target $145

  • JohnnyYoung
    2023-07-14
    JohnnyYoung

    在我美丽的气球里飞起来....你不想乘我美丽的气球飞翔吗？几年来，GOOG一直都是这样！

  • frostiix
    2023-07-14
    frostiix

    👍Google stock is a no brainer. Forward looking PE ~ 20. A leader in AI - search engine, cars, more. It will pop 10% with earnings report.

  • 差美
    2023-07-15
    差美
    这篇文章不错，转发给大家看看
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