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Why Alphabet Stock Just Popped

10 June 2025
in Business
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Why Alphabet Stock Just Popped
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Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) saw its stock rise nearly 3% earlier in the day, eventually settling at a 1.3% gain by 2 p.m. ET on Tuesday, a modest increase for a company with a $2.2 trillion market cap. The stock’s movement was driven by a Reuters report indicating that OpenAI, a leader in artificial intelligence, plans to utilize Alphabet’s Google cloud service to support its AI operations. This collaboration highlights the growing importance of cloud services in powering AI advancements.

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