Alphabet Inc. (GOOGL) experienced a notable boost in its stock price, driven by a series of positive developments. Jefferies' endorsement of Alphabet as a leading player in the AI software sector, alongside Microsoft and Amazon, significantly bolstered investor confidence. Additionally, Barron's recognition of Alphabet as a top stock for 2025 further fueled the upward momentum. Regulatory news also played a pivotal role, with the incoming Trump administration's plan to ease car crash reporting requirements for autonomous vehicles expected to benefit Alphabet's Waymo division. The unveiling of new AI tools by Google DeepMind, Veo 2 and Imagen 3, highlighted Alphabet's commitment to expanding its AI capabilities, attracting further investor interest.
The Direxion Daily GOOGL Bull 1.5X Shares (GGLL) ETF saw a substantial increase, rising 6.86% to $49.88 as of 16:40 on Monday, December 16.