Why Alphabet Rose 14.5% in May
Shares of search and cloud giant (NASDAQ: GOOG) (NASDAQ: GOOGL) rose 14.5% in May, according to data from S&P Global Market Intelligence.
The Google parent unveiled many new technologies during its I/O conference early in the month. And just after that, 13F filings released midmonth revealed that a bunch of high-profile hedge funds had bought or added to their stakes in Alphabet during the first quarter.
Alphabet had been a relative laggard during the first quarter compared with some of its big-tech brethren, as investors feared that generative AI could disrupt the conglomerate's core search business. However, Alphabet appeared to put at least some concerns to rest in a high-profile company event.
Source Fool.com
Alphabet Inc. A Aktie
147,84 €
0,63 %
Reines Buy-Sentiment für Alphabet Inc. A, keine Sell-Einschätzungen in Sicht.
Das von der Community festgelegte Kursziel von 179 € für Alphabet Inc. A bedeutet eine mögliche Steigerung um über 20% im Vergleich zu 147.84 €.
