Tag GOOGL

Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility.....

The debut of ChatGPT late last year illustrated the potential productivity gains made possible by large-language models and the resulting development of generative AI. More-conservative predictions from Morgan Stanley and Goldman Sachs estimate the market opportunity at $6 trillion and $7 trillion, respectively, by the end of the decade. Microsoft (NASDAQ: MSFT) and Alphabet (NASDAQ: GOOGL)(NASDAQ: GOOG) are both working to stake a claim for AI supremacy in the cloud, and while that battle is far from over, Microsoft has taken an early lead...

Amazon.com rallied nearly 6% on Friday on signs that growth in its main profit driver, the cloud business, was picking up pace after two years of sluggishness due to lower client spending. Smaller cloud rivals Microsoft and Alphabet also gained around 1% each. Amazon CEO Andy Jassy said on Thursday the cloud business was stabilizing as large expansions with existing customers and first-time agreements were likely to aid growth in the final three months of the year...

Meta Platforms (NASDAQ: META) posted its third quarter earnings report on Oct. 25. Meta's growth rates were impressive, yet its stock still slumped after the report. Meta generated 98% of its revenue from its ads in the first nine months of 2023...

It's a week of two halves for tech stocks...