Why Alphabet Stock Got Rocked Today
As a stock, Google parent (NASDAQ: GOOG)(NASDAQ: GOOGL) has had many good days; alas, Monday wasn't one of them. The prices of both the tech giant's listed shares fell by around 2% on the day, notably steeper than the 0.5% fall of the S 500 index. Investors were discouraged by the postponement of a potentially important product from their company.
As reported in tech industry site The Information and disseminated by other media outlets, Google has postponed the launch of its next-generation artificial intelligence (AI) model Gemini. The service was originally slated to be unveiled next week at a series of events, but this introduction has been rescheduled for early next year. Details about the future date and time were not provided.
What was offered was the reasoning behind the delay; apparently there are concerns withing the company that Gemini didn't perform as well as expected when fed certain inputs not written in English.
Source Fool.com
Alphabet Inc. A Stock
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As a result the target price of 177 € shows a slightly positive potential of 18.05% compared to the current price of 149.94 € for Alphabet Inc. A.
