Google has fired another round of workers in the wake of sit-in protests against Project Nimbus, a cloud computing contract the company has with the Israeli government and military, according to news reports, after nearly 30 workers at the company were fired following similar demonstrations as Israel's war with Hamas grinds on.
Artificial intelligence could end up sapping the strength of Alphabet's top moneymaker. Regulators will continue to target this company because of its dominant market position.
Profit growth momentum of the so-called Big Six technology stocks could “collapse” over the next few quarters, UBS Global Research strategists said on Monday, downgrading its rating on the mega-cap companies.
Alphabet's stock has outperformed the market, benefiting from the AI boom and increased investment in search and digital advertising. Google's dominant position in search and advertising, as well as its growing business units like YouTube and Google Cloud, contribute to its impressive revenue growth. Alphabet's investment in AI, including the integration of generative AI tools into its products...
Ahead of their Q1 2024 earnings, big tech stocks swung lower last week amid a broad market sell-off. In my view, soaring long-duration treasury yields and rightful concerns about liquidity drying up are driving this pullback. The technical setup for big tech stocks heading into Q1 looks bearish, and a failure to meet lofty investor expectations could lead to a deeper pullback in this frothy, ov...
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