Why Alphabet Rallied This Week

Shares of search giant Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) rallied this week, up as much as 10.1% on Thursday before retreating to 9.2% gain on the week as of 1 p.m. ET Friday, according to data from S&P Global Market Intelligence.That's a big move for a company as big as Alphabet that didn't report any financial results. But the search giant unveiled several positive bits of news on the technology front this week.On Monday, Alphabet published a blog post about the company's new quantum computing chip named Willow. According to Alphabet, the new chip was able to perform a calculation in five minutes that would take today's fastest supercomputers more time than the universe has been in existence.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool