Amazon has multiple businesses that would be unaffected if an AI bubble bursts. Most of Alphabet's revenue comes from its Google Search engine, which is in great shape.
Google shares soared 38% in the third quarter, their best performance in two decades, and have continued rallying this month. The biggest catalyst in the period was last month's remedies ruling in the search antitrust case, as Google avoided a worst-case scenario.
Saudi AI firm Humain's CEO Tareq Amin said on Tuesday the company has a partnership with Google and said there might be an upcoming significant collaboration with Amazon Web Services.
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