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Alphabet's stock ($GOOGL) hit a record high after unveiling a new AI chip, with analysts positive on the updated AI offerings. Bank of America reiterated Alphabet as a buy, praising the AI innovation showcased at Google Cloud Next event. Investors are optimistic about Alphabet's AI strategy following past glitches. Meanwhile, Apple draws interest from hedge fund investors for potential AI-linked upgrades to iPhones amid a stock valuation slump.
Apple is drawing interest from hedge fund investors seeing potential for AI-linked upgrades to its iPhones and as a slump in its shares reduces the stock’s valuation premium, JPMorgan Chase analysts say https://t.co/j8DoZiJpqd
Investors are becoming more optimistic about Alphabet’s artificial intelligence strategy, after a run of glitches and misfires that sent its shares tumbling. https://t.co/JFjNBfKpUI
Analysts weigh in on Google-parent Alphabet’s stock after cloud event https://t.co/DPYnd34rtb
