(NASDAQ: GOOGL)(NASDAQ: GOOG) stock posted another day of gains in Wednesday's trading despite a retreat for the broader market. The company's share price closed out the daily session up 1.2%, according to data from S&P Global Market Intelligence. Meanwhile, the S 500 index ended the session down 1.5%.

Alphabet's share price gained ground thanks to a promising report about the company's artificial intelligence (AI) and digital advertising strategy. The stock had been up as much as 3.7% in the day's trading, but it retreated in conjunction with the broader market following some potentially worrying news related to China and Taiwan.

A new report from The Information suggests that Alphabet is on track to restructure its digital-advertising sales unit. The move will likely result in the company making greater use of AI tools.

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Source Fool.com