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What’s Behind Google’s Soaring Stock This Month?
In a brutal month for AI-related tech stocks, Google parent Alphabet has been bucking the trend. It isn’t as if Google has become some sort of AI counterplay. The company is squarely in the race to develop the most advanced AI models and is spending mind-blowing sums to do it.
One Google advantage: the company offers a level of AI vertical integration that even the other big tech companies can’t quite match. Alphabet’s stock rose again Tuesday on a report that Google is approaching large cloud users—including Meta—about selling access to its in-house chips.
Another advantage is that Google is also keeping its core business humming. Its parent still makes the bulk of its $385 billion in annual revenue from advertising.
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