Alphabet Inc. (GOOGL) is experiencing a rise in its stock price today, driven by positive sentiment around its potential as a major player in the artificial intelligence (AI) sector. An investment firm, Jefferies, highlighted Google as one of the tech companies likely to benefit significantly from AI software advancements in the coming year. This recognition underscores the company's strategic investments in AI, which have already bolstered its advertising and cloud computing businesses. Additionally, Alphabet's inclusion in billionaire David Tepper's top stock picks heading into 2025 has further fueled investor confidence. Tepper's hedge fund, Appaloosa Management, has a substantial stake in Alphabet, reflecting his belief in the company's growth potential, particularly in AI and digital advertising.
As of 10:15 am on Monday, Alphabet's stock is trading at $193.84, marking a 2.12% increase from its previous close of $189.82.