Why Alphabet Stock Was Rising Again Today

Shares of Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) were moving higher again today as investors continue to react to the company's product announcements from yesterday's I/O developer conference. The gathering seemed to convince investors that Alphabet's artificial intelligence (AI) strategy was capable of driving growth and protecting its market share.At a time when the stock has fallen over antitrust concerns and signs that its close relationship with Apple could be vulnerable, these product announcements were enough to send the stock up 2.4% as of 1:23 p.m. after gaining as much as 4.9% earlier in the session. That comes following yesterday's gain of 2.8%, even as the broader market fell sharply on rising Treasury yields.Image source: Getty Images.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool