Why Alphabet, C3.ai, and MongoDB Rallied Today
Shares of artificial intelligence beneficiaries (NASDAQ: GOOG) (NASDAQ: GOOGL), C3.ai (NYSE: AI), and MongoDB (NASDAQ: MDB) were all rallying on Tuesday, up 2.7%, 5.8%, and 3.5%, respectively, as of 2:57 p.m. ET.
Today, Alphabet held its Google Cloud Next conference, and announced several new AI features and partnerships.
However, Alphabet and the other two stocks were likely helped even more by new macroeconomic data. This morning, the July JOLTS data came in softer than expected, boosting hopes the Federal Reserve might be done hiking interest rates without having caused a recession.
Source Fool.com
Alphabet Inc. A Stock
€154.18
-3.230%
The stock is an absolute favorite of our community with 95 Buy predictions and no Sell predictions.
As a result the target price of 177 € shows a slightly positive potential of 14.8% compared to the current price of 154.18 € for Alphabet Inc. A.
