Alphabet briefly passed Nvidia by market cap in after-hours trading this week, a remarkable feat for a company that was seen as deeply at risk in the early days of the artificial intelligence boom.
The stock is up about 160% in the past year, driven higher by an emerging view on Wall Street that Google is well positioned across the AI landscape, whether it’s from the company’s homegrown models, its massive distribution network or its cloud unit that’s reeling in cash from other booming AI businesses.
Among tech’s seven other trillion-dollar companies in the U.S., chip designer Broadcom is the next best performer over the past 12 months, with its stock up 107%.
“Google is one of the two best-positioned AI companies because they own most of the stack,” said Gene Munster, managing partner at Deepwater Asset Management. “Chips, models, infrastructure and distribution. On top of that, they’re nicely profitable.”
The U.S. dollar held its ground on Tuesday as talks to end the war in the Middle East showed no signs of progress, pushing oil prices higher and worrying investors that interest rates may need to stay higher to tackle inflationary pressures.
Investors now fear that the ceasefire that has been in place since April 7 could be in danger and hostilities could resume in the conflict which began at the end of February, killing thousands and halting vital energy flows.
With the crucial Strait of Hormuz staying largely closed, Brent crude futures were up 0.3% at $104.55 a barrel. U.S. West Texas Intermediate was at $98.17 per barrel, up 0.13% on the day.
U.S. President Donald Trump said the ceasefire with Iran was “on life support” after the latest back and forth on a proposal to end the war made clear the two sides were still far apart on a number of issues.
The currency market was muted to start the Asian session, with focus shifting to Trump’s visit to China later this week. U.S. Treasury Secretary Scott Bessent is also in Asia for meetings in Japan and South Korea.
Alphabet briefly passed Nvidia by market cap in after-hours trading this week, a remarkable feat for a company that was seen as deeply at risk in the early days of the artificial intelligence boom.
The stock is up about 160% in the past year, driven higher by an emerging view on Wall Street that Google is well positioned across the AI landscape, whether it’s from the company’s homegrown models, its massive distribution network or its cloud unit that’s reeling in cash from other booming AI businesses.
Among tech’s seven other trillion-dollar companies in the U.S., chip designer Broadcom is the next best performer over the past 12 months, with its stock up 107%.
“Google is one of the two best-positioned AI companies because they own most of the stack,” said Gene Munster, managing partner at Deepwater Asset Management. “Chips, models, infrastructure and distribution. On top of that, they’re nicely profitable.”
Alphabet briefly passed Nvidia by market cap in after-hours trading this week, a remarkable feat for a company that was seen as deeply at risk in the early days of the artificial intelligence boom.
The stock is up about 160% in the past year, driven higher by an emerging view on Wall Street that Google is well positioned across the AI landscape, whether it’s from the company’s homegrown models, its massive distribution network or its cloud unit that’s reeling in cash from other booming AI businesses.
Among tech’s seven other trillion-dollar companies in the U.S., chip designer Broadcom is the next best performer over the past 12 months, with its stock up 107%.
“Google is one of the two best-positioned AI companies because they own most of the stack,” said Gene Munster, managing partner at Deepwater Asset Management. “Chips, models, infrastructure and distribution. On top of that, they’re nicely profitable.”
Alphabet briefly passed Nvidia by market cap in after-hours trading this week, a remarkable feat for a company that was seen as deeply at risk in the early days of the artificial intelligence boom.
The stock is up about 160% in the past year, driven higher by an emerging view on Wall Street that Google is well positioned across the AI landscape, whether it’s from the company’s homegrown models, its massive distribution network or its cloud unit that’s reeling in cash from other booming AI businesses.
Among tech’s seven other trillion-dollar companies in the U.S., chip designer Broadcom is the next best performer over the past 12 months, with its stock up 107%.
“Google is one of the two best-positioned AI companies because they own most of the stack,” said Gene Munster, managing partner at Deepwater Asset Management. “Chips, models, infrastructure and distribution. On top of that, they’re nicely profitable.”
Alphabet briefly passed Nvidia by market cap in after-hours trading this week, a remarkable feat for a company that was seen as deeply at risk in the early days of the artificial intelligence boom.
The stock is up about 160% in the past year, driven higher by an emerging view on Wall Street that Google is well positioned across the AI landscape, whether it’s from the company’s homegrown models, its massive distribution network or its cloud unit that’s reeling in cash from other booming AI businesses.
Among tech’s seven other trillion-dollar companies in the U.S., chip designer Broadcom is the next best performer over the past 12 months, with its stock up 107%.
“Google is one of the two best-positioned AI companies because they own most of the stack,” said Gene Munster, managing partner at Deepwater Asset Management. “Chips, models, infrastructure and distribution. On top of that, they’re nicely profitable.”
Billions network (bill coin ) all about information
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