Google Stock Surges on AI Frenzy, Olympic Cloud Deal and Big Deals – Can It Hit $300 Next?
Alphabet shares hit a record intraday high near $256 on Oct. 20 before dropping 2.4% after OpenAI launched its ChatGPT Atlas browser. The stock rebounded as reports surfaced of Google negotiating a cloud deal with Anthropic and announcing a $15 billion AI data center in India. Britain’s CMA gave Google’s search business “strategic market status,” expanding regulatory oversight. Q3 earnings are due Oct. 29.