Alphabet Class C ( (GOOG) ) has been popular among investors this week. Here is a recap of the key news on this stock.
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Alphabet Class C has been in the spotlight recently, with its stock showing positive momentum despite facing some challenges. The company is dealing with backlash over YouTube’s new AI-powered age estimation tools, which some users find problematic due to potential errors and privacy concerns. However, Alphabet’s stock rose by 0.84% on Thursday, continuing its upward trend with a 25.21% increase over the past year. The company’s focus on AI, particularly with its Gemini AI services, has been a significant driver of this growth.
In an intriguing development, Perplexity AI, a startup known for its AI-powered search engine, has made a bold $34.5 billion offer to acquire Google’s Chrome browser. This move comes amid regulatory pressures on Google to divest Chrome due to antitrust issues. While Google has not commented on the offer, the bid positions Perplexity as a potential new player in the browser market. Analysts remain optimistic about Alphabet Class C’s future, with a Strong Buy consensus and a price target indicating further upside potential.